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Almunia stresses ‘competition between exchanges’ ahead of NYSE, Deutsche Börse decision

By Dafydd Nelson and Lewis Crofts ( January 17, 2012, 19:01 GMT | Insight) -- EU antitrust chief Joaquín Almunia has stressed the need for “competition between exchanges” ahead of the European Commission’s decision on whether to block the merger of NYSE Euronext and Deutsche Börse. He said the commission would push for markets to “remain fair, efficient and therefore competitive to the advantage of their users.” National competition authorities are said to have backed the prohibition of the deal at a meeting today.Brussels - Joaquin Almunia, EU antitrust chief, has stressed the need for "competition between exchanges" ahead of the European Commission's decision on whether to block or approve the merger of NYSE Euronext and Deutsche Börse....

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