NASDAQ OMX is concerned about the affects of the planned Deutsche Boerse and NYSE Euronext merger, Financial News reports. It has claimed that the merger will establish a monopolistic situation, where no other derivatives exchanges or clearing houses will be able to compete.
In reply to the argument, NYSE and Deutsche said that the merger will benefit the market by providing $3 billion in market infrastructure cost-savings. The firms secured shareholder approval for the merger in July and are now awaiting the result of a European Commission antitrust probe into the proposed new group.
Click here for the story from Financial News.