Despite assurances from the U.S. Securities and Exchange Commission and the New York Stock Exchange that the Big Board’s merger with Euronext would not result in European firms complying with U.S. rules, the Netherlands-based stock exchange says it may establish a special trust that would own the licenses of the European exchanges. “The creation of a trust is one option among many that has been suggested by some regulators,” a Euronext spokeswoman told AFX. “It would allow a response to questions of regulatory nature before a formal agreement between regulators.” According to the spokeswoman, the independent trust would hold the exchanges’ voting rights.
