Another deal bites the dust?

The EU appears set to quash the merger of Deutsche Börse and NYSE Euronext. Officials at the European competition watchdog have recommended the deal be blocked, according to a report on FT.com.

The sticking point for regulators is that the merger would hand the combined company a near monopoly for trading in benchmark short-term interest rate and German government bond futures.

Stock exchange consolidation was one of the top stories of 2011, with the LSE Group and TMX Group attempting to forge a trans-Atlantic partnership, but that deal was scotched by Canadian regulators.

Read: Exchanges deals: All smoke, no cigar

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.