Footnotes (13)



NYSE Euronext – Deutsche Börse Merger: Let the Dance Go On!

Diego Valiante

Centre for European Policy Studies (CEPS)

April 1, 2011

ECMI Policy Brief No. 18/31

In this new ECMI Policy Brief, Research Fellow Diego Valiante offers his insights into the motivations, potential synergies and implications of the proposed merger between NYSE Euronext and Deutsche Börse, which he sees as a continuation of the intricate series of dances begun two decades ago between various exchanges worldwide and which now escalates at global level in the non-equity business. The author finds that the liberalization process and regulatory changes brought about by the financial crisis have revived this long-term process. Finally, he points at the importance of following a dynamic approach in the merger test, which would induce the Commission to impose rigorous conditions to clear the deal. The author also comments on the merits of the competing bid recently withdrawn by NASDAQ OMX and ICE on NYSE Euronext.

Number of Pages in PDF File: 10

Keywords: antitrust, exchanges merger, financial markets, competition policy, market structure

JEL Classification: K21, L40, G10

Open PDF in Browser Download This Paper

Date posted: June 4, 2011  

Suggested Citation

Valiante, Diego, NYSE Euronext – Deutsche Börse Merger: Let the Dance Go On! (April 1, 2011). ECMI Policy Brief No. 18/31. Available at SSRN: http://ssrn.com/abstract=1856724 or http://dx.doi.org/10.2139/ssrn.1856724

Contact Information

Diego Valiante (Contact Author)
Centre for European Policy Studies (CEPS) ( email )
1 Place du Congres, 1000
Brussels, 1000
Feedback to SSRN

Paper statistics
Abstract Views: 600
Downloads: 138
Download Rank: 143,226
Footnotes:  13
Paper comments
No comments have been made on this paper

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.578 seconds