European Network Exchange (ENX) to acquire 90% interest in FastMatch for initial cash consideration of $153m, with a $10 million contingent earn-out. Management will remain invested with 10% ownership. Fast Match is an FX Electronic Communication Network with an ADV of $20.8b. 2016 revenues were $18m and EBITDA was $5.3m, while 1Q17 revenues were $5.5m and EBITDA was $2.4m. The transaction is consistent with ENX “Agility for Growth” strategy.
BYMA shares will start trading in the afternoon today under the ticker BYMA
The Chicago Mercantile Exchange (CME) to close CME Europe on 30-Aug, according to FOW.
Deutsche Borse (DB1) becomes a financial center partner of national league football club Eintracht Frankfurt.
DB1 with other key players from Frankfurt’s financial center launched “Accelerating Sustainable Finance”, a program to build sustainable financial sector infrastructure.
DB1: Eurex Market-Making and Pricing Roadmap which will be implemented in 2017 in two steps. Changes related to futures products will come into effect on 3-Jul, and changes related to options products on 2-Oct.
Hong Kong Exchange (HKEx) to introduce its revised stock option position limit (SOPL) model on 1-Jun-2017 and new limits will take effect on the same day.
Singapore Exchange (SGX) and the Infocomm Media Development Authority are close to finalizing an agreement by which SGX would help link technology companies with investors with the aim of securing their listing, according to Bloomberg.
SGX named “Financial Metals Service Provider of the Year” at the Platts Global Metals Awards 2017 for its leadership in transforming the industry’s approach towards risk management in the steel supply chain
Shanghai Stock Exchange (SSE) implemented new collateralized Repo of bonds rules on 22-May. The revision of the rules is an important move to improve the rate formation mechanism for the collateralized repo of bonds.
New Zealand Exchange (NZX): Aaron Jenkins resigned as Head of Funds Management.
London Stock Exchange (LSE) purchased 30k shares at 3,448p per share, as part of its £200m repurchase program. Total purchases add 1.73m shares up to date.
KCG will eliminate 10% of its staff and close two offices in Asia.
NEX Group will restructure its NEX Optimisation business in a way that clients want to consume services and address their own financial, regulatory and operational challenges. NEX Optimisation has launched five new ‘solutions pillars’ powered by TriOptima, Traiana, Reset, NEX Data, ENSO and Abide Financial. The solutions pillars will allow services to interoperate, forming end-to-end solutions that solve industry problems such as trade and portfolio management and regulatory reporting.
Global Market Exchange (GMEX) Technologies partnered with Codel to collaborate in areas where it is critical to prove digital data integrity. Codel service makes data immutable allowing recipients of digital information to verify and trust it as completely as if it has been physically handed to them by the originator.
Forex Capital Markets (FXCM): NY Court received another complaint against FXCM, this time from Doris Murrah. FXCM complaints grew exponentially since regulators found unfair business practices of FXCM. Reported by FinanceFeeds.
ECB, Bundesbank, Bank of Italy and Banque de France agree that euro clearing needs to move to the euro zone after Brexit but they diverge on who should supervise it, according to Reuters