The London Stock Exchange (LSE) is currently in discussions to purchase Seattle-based Russell Investments in order to expand in U.S. stock indices. The exchange stated that any deal would be partly funded by a rights issue, Reuters reported.
ICAP Global Derivatives Limited is the first non-U.S. domiciled platform to receive CFTC approval to perform as a swap execution facility (SEF).
The European Securities and Markets Authority (ESMA) formed a taskforce to allow for the ability of national regulators to get access to swaps trading data, Financial News reported. According to an ESMA spokesman, “the aim of the taskforce is to facilitate access to trade repositories and harmonize the format of the data, so it can be used in a more coherent way across national authorities and at the European level. This links back to the need to have good data that can be easily exchanged and used to monitor risks.”
Commodity Futures Trading Commission’s (CFTC) former economist Andrei Kirilenko is scheduled to give a testimony before a Senate panel on Tuesday, and according to his statement, HFT firms are preventing competition and should be regulated as brokers and traders.
Securities and Exchange Board of India (SEBI) set up a special control room to monitor trading as it prepares for possible stock market volatility in India after the release of exit polls on Monday morning and on Friday, when national election results will be declared, Live Mint reported.
Reserve Bank of India (RBI) will allow banks to offer structured derivatives through their overseas branches abroad, even if these derivatives are currently not allowed in India.
Instinet appointed Chuck Frederick as head of U.S. product sales, and Tom Whelan as head of the firm’s US institutional and derivatives sales teams, FTSE Global Market reported.
Tel Aviv Stock Exchange (TASE) CEO Yossi Beinart aims to hire sales people to help attract new company flotations and to allow the trading of companies which are not listed on the exchange.