NYSE-Euronext Under Attack

NEW YORK—Deals and suggested mergers involving the New York Stock Exchange (NYSE), Euronext, the pan-European exchange operator, and Deutsche Börse, the German exchange, are all coming under attack from European market players.

For instance, while the technology path of the NYSE-Euronext merger appears to be straightforward, the deal has come under attack from European politicians. Both German chancellor Angela Merkel and French president Jacques Chirac are pushing for a Euronext pact with