CNBC has confirmed that the board will consist of 17 members—10 of which will come from the Deutsche Borse, seven of which will come from NYSE Euronext.

Both boards will be meeting tomorrow morning before the opening of trading at 9:30 am EST to vote on the deal.

Here’s what else you need to know:

1. It’s not so much about cash equities, it’s about derivatives—options and futures. It pains me to say this (I’ve been covering cash equities on the NYSE floor since 1996), but it’s true. This is largely about the fact that cash equities has become a high volume, low-profit commodity business, and derivatives are not—yet.

READ MORE: CNBC