Chinese-backed Singapore bourse is said to get MAS nod

August 24, 2017 01:56 PM
Exchange Shorts
SGX received in-principle approval from MAS to start a third derivatives exchange; according to The Business Times.
 
LSE was approved as an Approved Publication Arrangement (APA) by the FCA. APAs are authorized to publish post-trade transparency reports on behalf of investment firms. Post trade reporting to be provided through TRADEcho platform.
 
HKEX and Sichuan Provincial Government signed a MoU to strengthen mutual communication and cooperation, aiming to support and promote future development in both capital and commodities markets.
 
NDAQ launched its Instant Issue Advantage wireless tablet solution.
 
BOX Options Exchange launched its new trading floor today.
 
Tel Aviv SE (TASE) CEO plans to take it public after he finishes turning TASE into a for-profit company, according to Bloomberg.

LSE purchased 25k shares at 3,973 per share. LSE has 2.99m shares held in treasury.
 
SEC is considering to launch a pilot program designed under Mary Jo White term to determine the fairness of the “maker-taker” pricing model, according to Bloomberg. The plan would lower caps on exchanges fees to limit how much they pay in rebates.
 
Invesco is close to reaching an agreement to buy Guggenheim’s ETF business for more than $1 billion, according to WSJ.
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.