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The European Commission said Deutsche Boerse and NYSE
Euronext, which unveiled the deal to create the world's biggest stock exchange
in February last year, had not done enough to address its concerns.
“The merger between Deutsche Boerse and NYSE Euronext would
have led to a near-monopoly in European financial derivatives worldwide,” EU
Competition Commissioner Joaquin Almunia said.
“These markets are at the heart of the financial system and
it is crucial for the whole European economy that they remain competitive. We
tried to find a solution, but the remedies offered fell far short of resolving
the concerns.”
The Commission, which acts as competition regulator in the 27-member European Union, said the two exchanges together control more than 90% of global dealing in European exchange-traded financial derivatives.
