In the final quarter of 2008, representatives from Deutsche Boerse and NYSE Euronext held unsuccessful merger talks. The exchanges revived negotiations in August 2010, then signed a confidentiality agreement the next month, according to a regulatory filing. In February, the exchanges agreed to a $9.53 billion merger. The filing shows how the exchanges plan to reduce expenses and bolster earnings by expanding their reach in stocks, options and derivatives.

Related Summaries