Deutsche Boerse, Nasdaq Hit by EU Derivatives Cartel Probe (2)

Deutsche Boerse AG and Nasdaq Inc. risk hefty European Union fines after the bloc’s antitrust watchdog opened a full-scale investigation into a suspected cartel linked to listing, trading and clearing of derivatives.

The European Commission said Thursday it had concerns the firms may have entered into “agreements or concerted practices not to compete.” The firms may also have allocated demand, coordinated prices and exchanged commercially sensitive information, it said.

Deutsche Boerse shares fell as much as 7.3% in Frankfurt trading, the biggest intraday retreat since April 27, 2023. Nasdaq shares were down 1.7% in premarket trading in New York.

While ...