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The European Commission has opened an investigation into possible collusion between Deutsche Börse and Nasdaq over the listing, trading and clearing of financial derivatives.
The commission is concerned that Deutsche Börse and Nasdaq may have agreed not to compete in the listing, trading and clearing of certain derivatives. Brussels is also worried that they may have allocated demand, co-ordinated prices and exchanged commercially sensitive information.
The probe follows unannounced inspections at Deutsche Börse and Nasdaq in September last year.
“Competition rules help secure fair and open competition among financial exchanges and ensuring the proper functioning of the capital markets union — a cornerstone for innovation, financial stability and growth in the interest of all European citizens,” the EU’s competition chief Teresa Ribera said.
Deutsche Börse is the largest exchange group in the EU by market value, running the Frankfurt Stock Exchange and Eurex, the region’s biggest derivatives trading venue. Nasdaq’s US parent is one of the world’s largest stock exchange groups.
This is a developing story
