Deutsche Boerse challenges EU on merger veto

German stock market operator Deutsche Boerse said on Monday it would challenge a European Union veto against a merger with NYSE Euronext that would have created the world's largest exchange operator.
"Deutsche Boerse will file charges at the European Union court in Luxembourg," the company said in a statement, referring to the European Court of Justice, while adding that "several aspects of the decision" by the European Commission were "incorrect". Last month the companies cancelled their mega-merger after European regulators vetoed their plan to create the world's largest exchange operator over concerns it would potentially dominate the global derivatives trade.