Photo: firstpost.com
EU Launches Antitrust Probe into Deutsche Börse and Nasdaq for Cartel Allegations
The European Commission has initiated an antitrust investigation into Deutsche Börse and Nasdaq over alleged cartel activities related to a derivatives deal from 1999, impacting market dynamics.
- On Thursday, the European Commission announced an investigation into Deutsche Börse and Nasdaq for potential violations of EU competition rules regarding a derivatives agreement from 1999.
- Following the announcement, Deutsche Börse shares plummeted by as much as 7.3%, later stabilizing to a 4% decline by 1245 GMT as investors reacted to the news.
- This probe by the European Commission raises concerns about anti-competitive behavior within the European Economic Area, potentially affecting market practices and investor confidence.
Why It Matters
This investigation underscores the EUs commitment to enforcing competition laws, which can significantly reshape financial markets. A ruling against Deutsche Börse and Nasdaq could lead to stricter regulations and increased scrutiny of existing financial agreements.