BERLIN, Sept 24 (Reuters) - Deutsche Boerse
and Nasdaq are being investigated as part of an
European Union probe into possible antitrust violations in
financial derivatives.
A spokesperson for Deutsche Boerse said on Tuesday the
German stock exchange operator had been searched as part of the
investigation, while a representative for Nasdaq said it had
also been approached. Both companies said they were cooperating.
The European Commission said on Monday it had conducted
unannounced inspections at financial services companies in two
EU member states over possible breaches of antitrust
regulations, but did not specify which firms or how many.
"We do not comment on ongoing investigations," the Deutsche
Boerse spokesperson added.
A Stockholm-based spokesperson for Nasdaq declined to
comment on which country or countries Nasdaq had been contacted
in.
"We are aware of an investigation initiated by the European
Commission involving the derivatives market. Nasdaq is committed
to fully cooperate with the European Commission and support the
relevant authorities with the investigation," the person said.
Euronext, which runs stock markets in various
cities including Paris and Amsterdam, said it was not the
subject of "any inspections or investigations" by the
Commission.
Unannounced visits are a preliminary step in probes into
suspected anticompetitive practices and do not mean the firms
are guilty. There is no legal deadline to finish inquiries into
such conduct, according to the EU.
If the inspections reveal violations of EU antitrust laws,
it could trigger formal investigations and significant fines for
the companies involved.