Stock exchange operators NYSE Euronext (NYX) and Deutsche Boerse (DB1.XE) Friday said they sent a proposal to address the anti-trust concerns of the European Commission over the merger of both companies.

MAIN FACTS:

- NYSE and Deutsche Boerse proposed to sell the portions of their respective businesses in which they overlap, the market operators said in a joint statement. "NYSE Euronext would divest its pan-European single equity derivatives business, including Bclear, except the options businesses in its home markets, where Deutsche Boerse would divest its respective business," the statement said.

- The two companies propose to grant "unprecedented" third-party access to Eurex Clearing for derivatives product innovations.

- The two firms insisted their merger won't have negative effect on competition.

- The proposal will extend the European Commission's review period to Jan 23, 2012, the statement said.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com

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