Deutsche Boerse AG and NYSE Euronext were told by European Union regulators that their deal to create the world’s largest exchange would monopolize derivatives trading in Europe, according to a person familiar with the situation.
The U.S. Consumer Financial Protection Bureau said it will revise rules for international money transfers after banks complained that the agency’s current plan could push some of them out of the business.
Deutsche Boerse AG, 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.”
SIX Group, the operator of the Swiss stock exchange, is considering clearing derivatives trades as regulators urge banks to make more use of the service, according to Thomas Zeeb, chief executive officer of SIX Securities Group.
Regulators would harm U.S. equities trading if they toughened restrictions on computer-driven strategies that have largely replaced human market makers, CME Group Inc. Chief Executive Officer Craig Donohue said.