Phelps’ comments came at FOW’s Evolution of Proprietary Trading event
Traders have expressed concerns over the
potential merger between the London Stock Exchange Group and
Deutsche Boerse, arguing the combination could hurt competition
in the European futures market.
The proposed merger between the London
Stock Exchange Group and Deutsche Boerse was the first topic of
debate at "Word on the Street" panel at FOW’s
Evolution of Proprietary Trading event.
Speaking on the panel, Mark Phelps, global
head of sales and marketing at clearing provider GH Financials,
said he was pessimistic about a market in which the two
exchanges would combine: "It will probably not be good for the
market. The market needs competition. Curve and Curve Global
disappearing would be very bad for competition."
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