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Tuesday, November 22, 2011

EU regulator to seek views on X D.Boerse-NYSE concessions, (NYSE: NYX)

EU regulators will seek market views on concessions offered by Deutsche Boerse and NYSE Euronext before deciding whether to clear their planned $9 billion merger, the EU's competition chief said on Tuesday.The two exchange operators last week proposed to sell some businesses and give rivals access to Deutsche Boerse's Eurex derivatives clearing house in a bid for regulatory approval to create the world's biggest exchange operator."We are analysing the remedies, we have not yet concluded our analysis. We will market test what they have sent us," EU Competition Commissioner Joaquin Almunia told reporters.People familiar with the matter said the market test has not yet started. One of the persons said this is expected to kick off some time this week. Regulators typically seek views from third parties on merger concessions before deciding on the deals.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX remained unchanged at $26.80. In the past year, the shares have traded as low as $23.24 and as high as $41.60. On average, 3576380 shares of NYX exchange hands on a given day and today's volume is recorded at 0.



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