Deutsche Börse and Nyse Euronext have offered the European Commission more concessions in a bid to allay antitrust concerns and secure approval for their $9 billion merger deal.
Last month the two exchanges submitted remedial measures to the EC's Directorate-General for Competition (DG Competition), which has been running the rule over the proposed merger.
Despite proposing to divest their overlapping equity options business across Europe and open up third party access to Eurex Clearing, regulators were not convinced.
Now the pair have strengthened their proposal with respect to European single equity derivatives by increasing the assets they are prepared to offload and promising to provide the buyer of that business with an option to access Eurex Clearing.
They have also improved the coverage of their clearing access remedy for innovative equity index and interest rate derivatives and committed to license the Eurex trading system to a third party interested in launching interest rate derivatives.
A 13 day extension to the review process means that the EC is now set to complete its process by 9 February.