Deutsche Boerse, NYSE Merger ‘Bad for Markets,’ Spencer Tells FT

ICAP Plc (IAP) Chief Executive Officer Michael Spencer said the proposed merger of Deutsche Boerse AG (DB1) and NYSE Euronext (NYX) would result in a monopoly that would be “fundamentally bad for markets,” the Financial Times reported, citing an interview with Spencer.

To contact the reporter on this story: Blanche Gatt in London at bgatt@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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