The European Commission has launched a formal competition investigation to assess whether Deutsche Börse and Nasdaq have violated EU competition rules by coordinating their behavior in the listing, trading, and clearing of financial derivatives in the European Economic Area (EEA),” the EU executive announced in a statement.
Brussels expressed “concern that Deutsche Börse and Nasdaq entities may have engaged in agreements or concerted practices to avoid competing in the EEA concerning the listing, trading, and clearing of certain derivatives,” and if confirmed, this would violate European Union (EU) competition rules that prohibit cartels and restrictive business practices.
