Wednesday 26 October 2016

Regulators eye market pricing and fees

Aoife White

Published 09/09/2016 | 02:30

The London Stock Exchange (LSE). Photo: PA
The London Stock Exchange (LSE). Photo: PA

European Union regulators surveyed London Stock Exchange Group and Deutsche Boerse competitors and customers on how the firms' planned merger might affect a range of competitive interests including market-data fees and clearing, said people who received the documents.

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The questionnaires' recipients were given a few days to respond to the survey, some of which also included topics such as indexes, sources said. Deutsche Boerse has said it expects regulators to open an expanded probe into the deal ahead of a September 28 deadline.

The questionnaires show that clearing houses are among the top concerns for officials. Clearing - a key back-office function that acts as a firewall against defaulting traders - is a major rationale for the $13bn (€11.55bn) deal. Regulators have previously expressed concerns that Deutsche Boerse would become too dominant in clearing. (Bloomberg)

Irish Independent

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