Stock Exchange mergers could reduce competition
The Competition Commission (CC) has provisionally concluded that the proposed acquisition of London Stock Exchange plc (LSE) by Deutsche B or Euronext would substantially lessen competition.
The CC found that either merger would make it more difficult for other exchanges to compete with LSE in trading UK equities because of both bidders ownership or control over the future provision of clearing services to LSE. Any exchange attempting to compete with LSE and win the business of trading firms on the LSE would require access to LSE's clearing services provider.
More details can be found on the CC's website. Frontier advises the London Stock Exchange.
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