The merger between London Stock Exchange and Deutsche Boerse has been haltered by the European Commission, as it would create a "de facto monopoly in the markets for clearing fixed income instruments". The merger was said to create Europe’s largest exchanges operator.
According to the EU Commissioner the merger “would have significantly reduced competition” in the “crucial area” of fixed income clearing. The Commissioner said that “the parties failed to offer the remedies required”. Such remedies should have addressed the competition concerns the Commission was having.
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