Representatives on Deutsche Börse's supervisory board have reportedly called for the chairman to resign after the German exchange dropped its bid for Euronext, in a move that echoes last year's removal of the chief executive and the chairman following a failed bid for the London Stock Exchange.

The seven labour-appointed board members said in a statement on Reuters: "The workers' representatives on the supervisory board welcome the Deutsche Börse's management's decision to give up the attempt to merge with Euronext and to withdraw the offer. The conclusions to be drawn from recent events should be discussed by the supervisory board "