Deutsche Boerse CEO Not ‘Sleepless’ Over ICE-NYSE Deal

Deutsche Boerse AG, the German exchange blocked from buying NYSE Euronext last year, said it's not worried by IntercontinentalExchange Inc.’s agreement to acquire the operator of the New York Stock Exchange.

“It hasn’t caused us any sleepless nights,” Reto Francioni, chief executive officer of Deutsche Boerse, said in an e-mailed version of a speech he’ll make at the company’s annual New Year reception in Eschborn, Germany, this evening. “We anticipated a step such as the ICE -- it could have been another non-European stock exchange organization -- and prepared ourselves for it very early on.”

ICE, the 12-year-old energy and commodity futures bourse, agreed on Dec. 21 to acquire NYSE Euronext for cash and stock worth $8.2 billion. European Union regulators blocked Deutsche Boerse’s purchase of NYSE last year, citing concern over competition in derivatives and clearing and rejecting arguments the combined exchange would be a regional champion.

“Through that merger, Europe would have been able to increase its influence significantly on a positive and socially responsible design for world markets,” Francioni said. “I think that Europe wasted an essential opportunity.”

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