On 4 August 2011, the Commission announced its decision to launch an in-depth Phase II investigation into the proposed merger between Deutsche Börse AG and NYSE Euronext Inc. The parties are the two leading stock exchange groups active worldwide. During its initial investigation, the Commission has identified competition concerns in a number of areas, particularly in relation to derivatives trading and clearing. The Commission now has 90 working days, until 13 December 2011, to take a final decision on whether the transaction would reduce effective competition in the European Economic Area. The decision to open an in-depth inquiry does not prejudge the final result of the investigation. Read more