German bourse to pay US$12.5m fines in bid to end insider-trading case

Berlin

DEUTSCHE Boerse has agreed to pay fines totalling US$12.5 million in a bid to draw a line under allegations of insider trading over share purchases by its chief executive officer Carsten Kengeter.

But the exchange operator left a question mark hanging over its leadership, saying it would wait until investigations by Germany's finance watchdog and the government of Hesse are completed before deciding whether to extend his contract.