Analysts Doubt Borsa Italiana-Euronext Link

MILAN—A deal between Borsa Italiana and the Stockholm-based exchange operator and technology vendor OMX is raising questions about the possibility of a tie-up between Borsa Italiana and Euronext, while Deutsche Börse continues its pursuit of the pan-European Euronext.

The Milan-based Borsa Italiana announced recently that it has signed a five-year agreement with OMX for the provision of IT operations for Borsa Italiana's derivatives market, IDEM. However, the Italian exchange has been in talks