let us catch up on the business news with jamie robertson. let's start with this book of orza -- deutsche bourse >> there was a fair feeling it would fall through anyway. the problem was it was going to lead to much control. but on the other hand, it raises the whole problem of consolidation. it isn't the first merger between big bourses, something like before over the last few years. that action had been turned down by antitrust authorities. as a result of this, one wonders where are these going to go, because there is a feeling when you are talking about the global market yet to be globally competitive and you have to be big. this is what luis -- louise cooper says. >> it all has to do with the derivatives side of the business where the combination of the two firms would give 90% market share for exchange traded derivatives and the european commission says it was effectively a qualify -- quasi not a. they did try real actions to persuade authorities to let the deal through but i am afraid it was not good enough. to be fair, this merger had