Deutsche Boerse AG said it was raided by European Union antitrust watchdogs who suspect that the firm may have been involved in a cartel related to “financial derivatives.”

Deutsche Boerse and Nasdaq are being investigated as part of an European Union probe into possible antitrust violations in financial derivatives. A spokesperson for Deutsche Boerse said on Tuesday the German stock exchange operator had been searched as part of the investigation,

Deutsche Boerse AG and Nasdaq Inc. said they were raided by European Union antitrust watchdogs who suspect the firms may have been involved in a cartel related to “financial derivatives.” Most Read from BloombergUnlocking the Hidden Power of Zoning,

Deutsche Boerse has been searched as part of European Union investigations into financial derivatives and is fully cooperating with authorities, a company spokesperson said. The European Commission said on Monday it had conducted unannounced inspections at financial services companies in two member states over possible breaches of antitrust regulations,

Deutsche Boerse and Nasdaq are being investigated as part of an European Union probe into possible antitrust violations in financial derivatives.

Deutsche Börse said it was raided by European Union (EU) antitrust watchdogs who suspect that the firm may have been involved in a cartel related to “financial derivatives.”