Deutsche Boerse AG and NYSE Euronext do not contemplate a merger at all possible costs, said Volker Bouffier, the premier of German state of Hesse where Deutsche Boerse is based. Bouffier, briefing journalists on Wednesday after travelling to New York to discuss the merger with NYSE Chief Executive Duncan Niederauer and Deutsche Boerse chief Reto Francioni, said there was a limit to the concessions the two partners would make to win regulatory approval of the merger."When I asked if they would consider the complete sell off of derivatives trading, there was a clear 'no'," Volker Bouffier told Reuters on the margins of the event.Earlier this month, Deutsche Boerse and NYSE Euronext proposed selling significantly overlapping parts of their single-stock equity derivatives businesses in key markets, and offered to give innovative rival products access to Deutsche Boerse's Eurex derivatives clearing house.The $9 billion merger would create the world's largest exchange operator, with more than 90 percent of the exchange-traded futures trading in Europe, and the concessions were aimed at winning support for their merger from antitrust regulators.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX traded higher by 4.29% or $1.17/share to $28.47. In the past year, the shares have traded as low as $21.80 and as high as $41.60. On average, 3369510 shares of NYX exchange hands on a given day and today's volume is recorded at 1471329.
