NYSE chief doubtful of Deutsche Börse deal

Duncan Niederauer, chief executive of NYSE Euronext, has admitted he “misjudged” European antitrust authorities’ approach to his exchange’s attempted tie-up with Deutsche Börse, saying there was only a “glimmer of hope” the deal would succeed.

His comments are the first sign the German and US groups have all but given up hope that European politicians will approve the deal after Brussels competition officials blocked it this month.

That decision – backed by Joaquín Almunia, EU competition commissioner – was based on a view that the combination would create a dominant player in derivatives markets in Europe, stifling competition.

NYSE chief sees little chance of Deutsche Börse deal

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