Deutsche Boerse Sees Derivatives Market as ‘Global’

(Corrects spelling of name in second paragraph.)

Deutsche Boerse AG (DB1), seeking to allay concerns its merger with NYSE Euronext will stifle competition, today told European regulators that “the derivatives market is a global market dominated by over-the-counter trading.”

“OTC volumes are substantially bigger than exchange traded volumes -- OTC markets are a direct competitor to regulated markets that stand for transparency and effective risk management in derivatives trading,” Andreas Preuss, deputy chief executive officer of Deutsche Boerse and head of its Eurex futures exchange said. “The combination of our derivatives businesses strengthens those two core elements of any well- functioning market, our clients benefit from significant efficiencies and cost savings.”

To contact the reporter on this story: Nandini Sukumar in London at nsukumar@bloomberg.net

To contact the editor responsible for this story: Nandini Sukumar at nsukumar@bloomberg.net

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