Exchange Council backs planned merger of Deutsche Börse and NYSE Euronext

6 October 2011

The Exchange Council of the Frankfurt Stock Exchange has discussed the planned merger of Deutsche Börse with the New York Stock Exchange in an additional meeting. Particular attention was given to various legal and economic studies and their conclusions. The focus of the meeting related to stock exchange legislation and macroeconomic issues concerning the merger. The Exchange Council is convinced of a positive outcome of the exchange supervisory authority’s shareholder control procedure.

The Exchange Council anticipates the merger will bring benefits for the real economy, ranging from greater access to global capital markets to optimised cross-border trading. Germany as a financial centre will also strengthen its ties to major international financial centres in the U.S. and Europe.

The Exchange Council has no objections that even after the merger German or European regulation will exclusively continue to be applied to the companies listed on the Frankfurt Stock Exchange.

In the view of the Exchange Council, the merger will contribute to a more secure, stable and better-regulated financial system in Europe. It will provide more efficiency and transparency at all of the trading venues of the combined company, and strengthen the international influence of European supervisory authorities on matters pertaining to financial infrastructure, particularly in times of crisis. This will make the merged company the global benchmark for transparency and regulation.

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