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Tuesday, February 15, 2011

Chi-X Europe CEO questions NYSE-D. Boerse deal, (NYSE: NYX)

Alasdair Haynes, the chief executive of Chi-X Europe -- the region's top share trading platform -- has questioned the rationale behind Deutsche Boerse AG's (DB1Gn.DE) planned takeover of NYSE Euronext (NYX.N). Haynes, whose firm is in exclusive merger talks with U.S. exchange Bats Global Markets, said the NYSE Euronext - Deutsche Boerse entity would not be able to compete with Chi-X Europe because of its size. "Their problems haven't gone away -- the combined NYSE Euronext/Deutsche Boerse will have thousands of employees whereas we have 50, meaning we can keep our fees to a minimum compared to the exchanges," said Haynes.