Deutsche Boerse to Shutter European Market That Won No Business
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Deutsche Boerse AG, owner of Germany’s main stock exchange and the Eurex derivatives system, is shutting its pan-European equity market after failing to persuade investors to use it.
The Xetra International Market, which opened for business in November 2009, will close on Dec. 13 because Frankfurt-based Deutsche Boerse wants to “concentrate liquidity in European blue chips,” the exchange said in a statement yesterday.