Nasdaq slams NYSE merger

NASDAQ OMX Group has intensified its campaign against the merger of its rivals NYSE Euronext and Deutsche Boerse in a fiery submission to the EU.

The merger is currently under consideration by European authorities, who could scupper the deal.

In a letter to the European Commission, Nasdaq has claimed that allowing it to proceed could kill competition because the resulting company could cut down on collateral requirements for clients, driving rivals out of the market.

However, Nasdaq itself attempted to buy NYSE Euronext earlier this year.