CME and ICE end merger talks without any agreement

May 4, 2017 10:32 AM
Exchange Shorts

The Chicago Mercantile Exchange (CME) and the Intercontinental Exchange (ICE) held exploratory talks in 2016 about a merger but the talks ended without any agreement, according to Financial Times.

Deutsche Borse-London Stock Exchange (DB1-LSE): Clearstream new Settlement Agent Service for German government securities cleared by LCH SA will be available from May 17.

LSE is working on a new type of listing structure that would make it more attractive for Saudi Aramco to list in London.

LSE purchased 90k shares at 3,358p per share, as part of its £200m repurchase program. Total purchases add 1.25m shares up to date.

Singapore Exchange (SGX) reprimanded SingPost for breaching the listing rules, as SingPost failed to accurately disclose its then director’s interest in the FSM acquisition. SGX has referred the case to the relevant authorities.

Warsaw SE (GPW) reported 1Q17 net profit of PNL28m (+8.7% y/y) on revenues of PNL91m (+12% y/y) and expenses of PNL47m (+0.9% y/y)

JSE to create a township exchange for very small entrepreneurs, providing a platform for such entrepreneurs to raise capital; according to Business Day.

Oslo Bors: Nordnet is listings ETN in an initiative comprising ETNs and Mini Futures that can be traded without paying brokerage fees.

NEX Group is renaming its electronic markets division EBS BrokerTec as NEX Markets.

BGCP 1Q17 EPS increased 28% y/y to $0.23, in line with estimates. Revenues rose 10.4% to $707.4 million.

JPMorgan published a white paper saying rules for clearing houses are still insufficiently strong and calling higher standards.

Liquidnet’s fixed income trading saw a record $1.2 billion traded volume in 1Q17 with an approximate daily liquidity of $7 billion.

EU to publish a draft next month to give itself tougher powers to supervise clearing of euro-denominated securities. Reported by Reuters.

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.