No name has been decided for the proposed combination of Deutsche Boerse AG (DBOEF, DB1.XE) and NYSE Euronext (NYX) to form the world's largest financial exchange operator, a person familiar with the situation said Saturday.

Media reports Saturday said the two companies were considering DB NYSE Group for the combined entity, which would be domiciled in Amsterdam with dual headquarters in Frankfurt and New York.

"No name has been decided," said a person familiar with the matter on Saturday.

The two companies announced last Wednesday that they were in "advanced" talks about a deal that would see Deutsche Boerse shareholders own around 60% of the enlarged entity. The boards of both companies are meeting over the next three days to review further details of a combination that would meld five stock exchanges, Europe's two largest derivatives platforms and the largest U.S. options operation alongside clearing and technology facilities.

Deutsche Boerse Chief Executive Reto Francioni would be chairman of the new company, with NYSE CEO Duncan Niederauer retaining that role. The Financial Times reported that Andreas Preuss, the highly regarded head of Deutsche Boerse's Eurex derivatives arm, would become deputy CEO.

-By Jacob Bunge, Dow Jones Newswires; 312-750-4117; jacob.bunge@dowjones.com
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