Trump plans to nominate former NYSE Euronext VP

June 12, 2017 11:07 AM
Exchange Shorts

LSE expects EBITDA margin of 55% by 2019 up from 46.5% in 2016. LSEG expects FTSE Russell and LCH OTC revenue to continue double-digit growth through 2017-2019. LCH EBITDA margin is expected to reach 50% by 2019. Next phase cost savings are expected at £50m p.a. by exit 2019.

TSX and TSX Venture Exchange expanded into Israel, to strengthen relationships with the Israeli business community and explore new opportunities as part of the Exchanges' international growth strategy.

SGX welcomes iFAST Financial as a Trading Member and Clearing Member of its securities market. 

SGX launched Asian emerging markets index futures based on net total return (NTR) indices calculated by MSCI, including Taiwan, China, India and Indonesia index futures.

LSE: LCH appointed Michael Davie as global head of interest rates. Davie will run SwapClear and oversee the launch of SwapAgent post-trade business for non-cleared derivatives. Davie was previously head of rates services at LSEG, where he helped develop the launch of CurveGlobal, CEO of SwapClear and CEO of LCH.Clearnet.

LSE purchased 50k shares at 3,452p per share, as part of its £200m repurchase program. Total purchases add 2.36m shares up to date.

HKEX closed after-hours futures trading session at 5:35 p.m., due to the issuance of Typhoon Signal No. 8.

CFTC: US President Donald Trump plan to nominate former NYSE Euronext VP Dawn DeBerry Stump to serve as CFTC commissioner.

ISDA released a survey that shows that the forced relocation of euro clearing to the European Union after Brexit would increase initial margin requirements as much as 20%.

SEBI approved NSE’s proposal to appoint Vikram Limaye as the exchange's MD and CEO.

TASE will ease membership requirements removing the need to have at least 200 clients and securities portfolios valued at a minimum of 262 million shekels.

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