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Exchange merger would hit Europe
THE MERGER between NYSE Euronext and German exchange Deutsche Boerse would leave Europe bearing the bulk of cost cuts, regulatory filings showed yesterday.
The filings with US regulator the Securities and Exchange Commission showed talks between the two chief executives started in August last year.
But it showed that most of the €300m of cost savings would come from cuts to European cash and derivatives trading markets, such as Amsterdam and Lisbon.