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US backs markets merger

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US backs markets merger

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The US government has backed the multi billion euro merger between Deutsche Boerse and the New York Stock Exchange parent NYSE Euronext. It will create the world’s number one exchange operator.

The Justice Department said the seven billion euro deal comes with conditions that a Deutsche Boerse subsidiary, the International Securities Exchange divest its 31.5 percent interest in Direct Edge.

NYSE shareholders have already approved the merger.