Deutsche Boerse sees scope for more exchange mergers

Further consolidation between exchanges in Europe and the United States is possible, the chief executive of German stock exchange operator Deutsche Boerse, was quoted on Sunday as saying.
Many stock and derivatives exchanges have merged in the past few years as the industry has come under pressure to achieve economies of scale to reduce trading costs. "There is still further consolidation potential in Europe and in the United States-possibilities for mergers and take-overs," Francioni told the Frankfurter Allgemeine Sonntagszeitung in an interview. Asked whether Boerse might buy another exchange, Francioni said: "If we by so doing create value, yes.