Deutsche Boerse AG (DB1Gn.DE) and NYSE Euronext (NYX.N) received a formal "statement of objections" from European Union regulators over the German exchange's $9 billion deal to purchase its U.S. counterpart, which could set the stage for them to make concessions. The pair on Wednesday called it a normal step that "does not prejudge the final outcome" as antitrust regulators decide whether to allow or block the creation of what would be the world's largest exchange operator. The specific objections were unclear. When the EU opened the in-depth probe in August, it cited concerns about the deal's effect on derivatives and equities markets. The combined company would have a near monopoly on exchange-based futures trading in Europe once Deutsche Boerse's Eurex and NYSE Euronext's Liffe venues are brought together, and it would run share markets in several countries across the continent.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX traded higher by 1.87% or $0.44/share to $23.95. In the past year, the shares have traded as low as $21.80 and as high as $41.60. On average, 3976100 shares of NYX exchange hands on a given day and today's volume is recorded at 3967279.
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