Deutsche Boerse CEO touts LSE merger, saying 'size is everything'

[FRANKFURT] Deutsche Boerse's planned US$30 billion merger with LSE Group is on track for completion late this year or in early 2017, the German exchange operator's chief executive Carsten Kengeter said on Wednesday.

Speaking at Deutsche Boerse's annual shareholder meeting, Mr Kengeter said fears that Frankfurt could lose importance as a financial centre were unfounded and that boosting the number of potential users was crucial for exchange operators. "In our business, size is everything," he said.

REUTERS