(together ‘the parties to the concentration’) are companies which are active in the financial markets sector.Ģ The applicant is a company incorporated under German law whose main activities are cash listing, trading and clearing services, derivatives trading and clearing services and cash post-trade services, namely securities settlement and custody, collateral management and market data and analytics (index licensing and information services). Having regard to the written procedure and further to the hearing on 4 June 2014,ġ The applicant, Deutsche Börse AG, and NYSE Euronext Inc. Icap Securities Ltd, established in London (United Kingdom), represented by C.T. Riis-Madsen, lawyer, and S. Stephanou, Solicitor,ĪPPLICATION for annulment of Commission Decision C(2012) 440 final of 1 February 2012, declaring a concentration to be incompatible with the internal market and the functioning of the EEA Agreement (Case No COMP/M.6166 - Deutsche Börse/NYSE Euronext),Ĭomposed of S. Papasavvas (Rapporteur), President, N.J. Forwood and E. Bieliūnas, Judges, (Competition - Concentrations - Financial instruments sector - European derivatives market - Decision declaring that the concentration is incompatible with the internal market - Assessment of the effects of the transaction on competition - Efficiency gains - Commitments)ĭeutsche Börse AG, established in Frankfurt am Main (Germany), represented by C. Zschocke, J. Beninca and T. Schwarze, lawyers,Įuropean Commission, represented by T. Christoforou, V. Bottka, N. Khan and B. Mongin, acting as Agents,
![cid episode 1287 cid episode 1287](https://i.ytimg.com/vi/aM6BYz993J8/mqdefault.jpg)
![cid episode 1287 cid episode 1287](https://img.youtube.com/vi/eCUzP5Dxnfg/0.jpg)
JUDGMENT OF THE GENERAL COURT (Third Chamber)