LSE’s Rolet Seeks More Derivatives Competition, Telegraph Says
London Stock Exchange Group Plc will ask European regulators to increase competition in the derivatives market when they consider the planned merger of Deutsche Boerse AG and NYSE Euronext, the Sunday Telegraph said.
The newspaper cited an interview with Chief Executive Officer Xavier Rolet. The proposed merger would create a “huge monopoly” in Europe, with the combined group controlling 90 percent of interest rate derivatives and 90 percent of equity derivatives, Rolet said, according to the report.
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