1.   His answer was less than a ringing endorsement for the merged exchanges.

2.   The British and German regulators said, however, in the merged exchange, all trades would be reported to both regulators.

3.   Steven Steinkraus, business manager of Heinz Heise, told the newspaper that there had not yet been discussions about monetary compensation for the merged exchange taking the name.

4.   The merger would also mean higher transaction costs for customers, since the merged exchange would be headquartered in Sydney, he claimed.