NYSE Euronext said on Thursday it would not join Deutsche Boerse in appealing the European Commission's decision to prohibit the $7.4 billion merger between the two exchange operators.The deal would have created the world's largest exchange. European regulators argued it would have given the combined group a near monopoly in the worldwide market for European derivatives.Frustrated by the ruling and how it defined the derivatives market, Deutsche Boerse said on Monday it was appealing to Europe's General Court, the lower chamber of the European Court of Justice.NYSE said that while it believes the European Commission's decision was based on an incorrect market definition, it does not believe the interests of its shareholders and of the company itself would be served by getting involved in a protracted appeal.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 1.16% or $-0.35/share to $29.86. In the past year, the shares have traded as low as $21.80 and as high as $41.60. On average, 2965000 shares of NYX exchange hands on a given day and today's volume is recorded at 463844.
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