Linklaters and Wachtell Lipton Rosen & Katz have taken lead roles on the proposed merger between Deutsche Boerse and NYSE Euronext in a deal that looks set to create world’s largest stock exchange by revenue and profits.

It is understood that Linklaters is advising longstanding client Deutsche Boerse on the proposed all-stock tie-up, which would see the merged business jointly based in New York and Frankfurt.