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London Frankfurt exchange merger a done deal

The much anticipated merger between the London and Frankfurt stock exchanges, creating the largest trading platform in Europe, is a done deal reports the BBC.


An announcement is expected tomorrow, although German newspapers are saying that the Deutsche Boerse has already approved it.


The main features of the deal are that Franfurt&#39s Werner Seifert will become chief executive and London&#39s Don Cruickshank chairman of the venture.


London will retain the trading of all blue-chip stocks, while Germany will get the technology, high-growth and futures listings.


The successful German XEtra electronic trading system will replace London&#39s troubled system.

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