Deutsche Borse ends Clearstream monopoly amid EU pressure. From: Financial News | Date: March 1, 2004 | COPYRIGHT 2004 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Phillipa Leighton-Jones

Deutsche Borse, operator of the Frankfurt Stock Exchange, is to open its most profitable division to competition to head off potential EU action against monopoly.Until now, the Deutsche Borse insisted that all equity trades executed on its market must be settled through its Clearstream settlement division, which last year provided [euro]543.7m ($677.6m) of revenues representing 38% of the exchange's total income.

The exchange h...