Eurex has confirmed speculation that it has been in talks with US exchanges about a partnership deal, intended to revive the fortunes of its near-dormant Eurex US subsidiary. The exchange did not name the US exchanges that it was talking to, but a source with knowledge of the situation told FO Week that Archipelago and Philadelphia Stock Exchange (PHLX) were involved parties.
Market sources have previously named Archipelago, which recently merged with New York Stock Exchange (NYSE) and is the parent of Pacific Exchange, as a potential US partner for Eurex (see FO Week Vol 10 No 49).
NYSE chairman John Thain said last year that the exchange was targeting a return to the derivatives arena as a growth area (see FO Week Vol 10 No 4).
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