European Competition Commission (ECC)'s enquiry into potential anti-competitive issues arising from a proposed Euronext and Deutsche Börse merger has fuelled some industry sectors to call for a more in-depth probe. A spokesperson for Euronext Liffe, told FO Week though that any enquiry would not delay Euronext's EGM, scheduled for December.
Futures and Options Association (FOA), was among the industry bodies recommending that the gravitas of the situation merited an in-depth investigation, over and above the on-going preliminary enquiry. If a more scrutinising investigation was to be invoked, it would take 90 days following the initial scan, according to an ECC spokesperson.
The findings from that initial enquiry were due to be published on 21 November so a further probe could have delayed Euronext's scheduled December EGM for a vote on a merger with New York Stock Exchange and possibly also Deutsche Börse. The Euronext Liffe spokesperson said, however, that "the...