LSE to promote dual-listings of energy companies in Nairobi and London

May 26, 2017 03:55 PM
Exchange Shorts

Intercontinental Exchange (ICE): NYSE evaluates to change its listing standards to attract direct listings.

Deutsche Borse-London Stock Exchange (DB1): STOXX opens a new office in Hong Kong to further expand into the region. STOXX appointed Jay Lin as Sales Director for Greater China.

London Stock Exchange (LSE) signed a MoU with the Kenyan Ministry of Energy and Petroleum to promote dual-listings of energy companies in Nairobi and London.

LSE CEO, Xavier Rolet, sees systemic risk if OTC clearing moves away from London, according to Bloomberg.

HKEx CEO, Charles Li, said the company will publish a consultation on the “third board” that would allow companies to list with dual class shares structures. HKEx is planning to launch a private market for unlisted companies using distributed ledger technology blockchain. Reported by Reuters.

HKEX plans to implement Phase 2 of its securities market’s Closing Auction Session (CAS) in 3Q17.

B3 will henceforth accredit as Market Maker those Exclusive Funds whose manager and sole shareholder are the same financial institution, even if the activity of administrator is exercised by another institution

BVC Chief Corporate Officer, Mauricio Mosseri Estrada, resignation was accepted in BoD session on 24-May. Mr. Mosseri will immediately assume as Sophos Banking Solutions CEO.

LSE purchased 90k shares at 3,407p per share, as part of its £200m repurchase program. Total purchases add 1.97m shares up to date.

CSRC fined brokers Citic, Haitong and Guosen for thier role in short sales by Citadel during the Chinese market rout of late 2015.

SEC Peter appointed Peter Uhlmann as managing executive in the Office of Chairman Jay Clayton. Mr. Uhlmann will advise Chairman Clayton in matters relating to agency administration, operations, and management.

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