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Deutsche Boerse pays $12.5 million in bid to end insider trading case


By Victoria Bryan and Tom SimsBERLIN/FRANKFURT (Reuters) - Deutsche Boerse has agreed to pay fines totalling $12.5 million in a bid to draw a line under allegations of insider trading over share purchases by its chief executive Carsten Kengeter.But the exchange operator left a question mark hanging over its leadership, saying it would wait until investigations by Germany's finance watchdog and the government of Hesse are completed before deciding whether to extend Kengeter's contract.Kengeter, who denies any wrongdoing and is cooperating with authorities, made share purchases shortly before ...

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First Published: Thu, September 14 2017. 14:13 IST