NYSE Euronext (NYX) Chief Executive Duncan Niederauer Wednesday assured investors that regulatory approval for its merger with Deutsche Boerse AG (DB) was on track, although full approval isn't expected until the fourth quarter.

"I promise you we're on schedule on the regulatory side," Niederauer told investors at an event held near Frankfurt.

The two exchanges, which agreed in February to merge to create the world's largest cash and derivatives trading platform, have already received regulatory approval for their tie-up from the Securities and Exchange Commission and German financial regulator BaFin, Niederauer said. A second request for approval has been filed to the Department of Justice, and discussions with the European competition authorities have had a "very constructive tone so far."

Niederauer said his focus in the month ahead was getting approval for the deal from regulators and shareholders. NYSE shareholders will vote on the merger proposal on July 7, and Deutsche Boerse shareholders have until July 13 to tender shares in a merged company.

Niederauer told investors that integration efforts were moving ahead of schedule, as the two exchanges set up project offices, work out issues tied to integrating their IT and further detail synergies.

Niederauer further said he and the Deutsche Boerse CEO had decided 2011 was the "right time" for a merger, following several years of discussions.

By William Launder and Jacob Bunge, Dow Jones Newswires; +49(0)6929725515; william.launder@dowjones.com

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