Eurex's stake in TAIFEX approved by regs

Deutsche Boerse AG ( DB1): Eurex received approval from Taiwan regulators to acquire a 5% stake in the Taiwan Futures Exchange.

CME Europe CEO Robert Ray passed away at age 60, Reuters reported. No details on the cause of death were immediately available. Ray was previously responsible for CME’s business and sales strategy in Europe, the Middle East and Africa and Latin America.

LSE fixed income trading platform MTS will acquire US-based corporate and emerging markets bond trading platform Bonds.com.

Clearstream will launch OTC Collateral, a bilateral collateral management service intended to strengthen the OTC processing capabilities of the Global Liquidity Hub.

CFTC’s Chairman Nominee Timothy Massad stated that he would work to approve speculation limits in oil, natural gas and other commodities. Massad was quoted in Bloomberg saying that “it is very important that we work to finalize that rule…they are a very important tool in the toolkit, and Congress obviously has directed us to take action in this regard. I will make that a priority.”

The Commodity Futures Trading Commission’s (CFTC) acting head Mark Wetjen pleaded with federal lawmakers to consider giving the regulator more funding, as a tight budget has prevented its staff from completing compliance exams and will obstruct enforcement. According to Wetjen, “when not overseen, irregularities in these markets….can severely and negatively impact the economy as a whole and cause dramatic losses for individual participants, The stakes, therefore, are high.”

FXCM bought part of high-speed trading firm Infinium Capital Holdings LLC. According to Reuters, FXCM and a subsidiary have acquired five trading desks, physical assets and 48 employees from Infinium to start a new joint venture, V3 Markets.

CFTC nominees are on track for their role confirmations, as they did not face any discernible opposition at a confirmation hearing which took place Thursday, The Hill reported.

Italy: an appeals court will decide whether to uphold a ruling that found four international banks guilty of fraud and mis-selling of derivatives to the city of Milan, Reuters reported.

 

 

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com. 

Equity Research Desk (www.erdesk.com) provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.

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