Eurex US unveils plan to fend off closure

Philadelphia hits third spot in November trading

Deutsche Börse, operator of the Frankfurt stock exchange, is trying to find a partner for its struggling US derivatives arm, Eurex US, and could link up with Archipelago or the Philadelphia Stock Exchange.

The German exchange is planning the tie-up to avoid having to shut its US arm down, a source close to the Börse's supervisory board said after a board meeting yesterday. He added that the exchange is not planning to sell Eurex US.

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