Deutsche Börse and NYSE Euronext have been very reluctant to comment on news reports that they have abandoned merger talks. But while the discussions are big news for the equity markets, their implications for derivatives are even greater.
The Financial Times, drawing on an article in the German magazine Der Spiegel, claimed on Monday December 8 that the talks had been called off partly because the deal would have to be structured as a takeover by Deutsche Börse, which was not expected to appeal to US regulators.
From an equity point of view, the deal can be billed as a cross-Atlantic merger, even though NYSE Euronext...