FIA EPTA Expresses Concern Over NYSE Euronext-Deutsche Börse Merger

The Futures Industry Association (FIA) has requested a dialogue with regulators and concerned parties over the proposed merger of NYSE Euronext and Deutsche Börse. The industry group says that the market power of the new entity should be mitigated where possible in the interests of a free and open market.
The FIA released its request through its European Principal Traders Association (FIA EPTA) arm, which has been recently formed and is active in debating current regulatory changes. The body stresses that it is broadly supportive of the merger, but notes that the new entity would have a near-monopoly over European exchange-traded derivatives, as well as a "virtual silo in pre-trade (co-location) as well as post-trade facilities".
"We would welcome a dialogue with the relevant competition and regulatory authorities as well as the merging entities on a number of issues that arise from the proposed merger," FIA EPTA says in its release. "Including a competitive central counterparty environment, fair and reasonable access to market data and co-location facilities, continuation of IT innovation and an examination of the basis for licensing of indices."
Highlighted areas of concern include cash equities clearing, derivatives clearing, the concentration of index products and licensing, the provision of market data, and the provision of an innovative trading infrastructure.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Management & Strategy
Waters Wavelength
Waters Wavelength Podcast: Episode 226 (M&A and people)
On this episode of the Wavelength Podcast, Wei-Shen and Tony talk about the importance of communication when it comes to M&A activity within a company.
Subscribe to Weekly Wrap emails
Most read
- The curious case of Larry Fondren and DelphX
- Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry
- Itiviti’s Blueprint for Success—Investing in People and Products
- PanAgora’s CIO & head of sustainable investing explain firm’s ESG framework, best practices
- Esma: Both OTC identifiers will not be required in Emir reporting