European Union Competition Commission: Deutsche Boerse and NYSE Euronext Merger Concerns Us

European Union Competition Commissioner Joaquin Almunia said that he was concerned that a proposed alliance between Deutsche Boerse AG and NYSE Euronext (NYSE:NYX) may dominate the derivatives market. The two exchanges have been trying to get married for months, but there are many competing interests in stopping the deal.

Shares trade at $27.96, up 1.08%. The company trades at a P/E ratio of about 13 which is in line with its industry. The company also trades at a sales multiple of 1.8 which is much lower than its industry rivals. On the technical front, shares trade well below their declining 50 and 200 day moving averages. The MACD is bullish while RSI is pointing up at 53.

Developments in the merger will also affect these exchange operator stocks: IntercontinentalExchange, Inc. (NYSE:ICE), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), CME Group Inc. (NASDAQ:CME), CBOE Holdings, Inc (NASDAQ:CBOE), Deutsche Boerse AG (DB1), and London Stock Exchange Group Plc (NYSE:LSE).