18 November 2011

Co-Authors

Justin Schack

Managing Director

Joe Gawronski

President and COO

Rosenblatt Securities Inc.
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TRADING TALK
NYX, DB1 Offer Remedies to EU: Quick Thoughts


The News

DB1 and NYX today announced that they submitted yesterday a remedy proposal, in connection with their proposed merger, to the European Commission’s Directorate General for Competition. As part of its review of the deal the DG, as expected, on October 5 issued a formal “statement of objections” outlining its concerns about the deal’s impact on competition. The companies’ remedy proposal is designed to address those concerns, which reportedly are focused on derivatives trading and clearing.

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