The London Stock Exchange (LSE) has warned about the affects of the planned Deutsche Boerse and NYSE Euronext merger, Financial Times reports. It has claimed that the merger of Deutsche’s Eurex and NYSE’s Liffe will create a derivatives giant that would suppress competition in Europe.

In reply to the argument, Deutsche Börse said that exchanges face significant competition from the off-exchange or over-the-counter markets, where banks that are the exchanges’ biggest customers are active. The merger is expected to generate revenue synergies of between €100 million and €150 million.

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