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The two exchanges have long been fierce competitors.
In fact, the two exchanges are separate, independent entities.
Additionally, the two exchanges use incompatible trading platforms.
Con solidating the operating func tions of the two exchanges may speed this process.
Members of the two exchanges approved the merger on Dec. 22.
The combination could allow the two exchanges to lure companies with more global heft.
The two exchanges must still obtain regulatory approval, a lengthy process that is not expected to conclude until next year.
Besides helping to develop common computer systems between the two exchanges, the takeover should improve the alliance's chances of success.
On August 15th Jörge Franke, the chief executive of Eurex, said the two exchanges would eventually merge.
The two exchanges discussed a potential merger and were set to continue discussions today, a spokesman for Borsa Italiana said.
If enacted, it would pit the two exchanges against one another in the trading of stock derivatives.
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