Exchange shorts: ICE, CME, BSE & more

Intercontinental Exchange (ICE): NYSE will launch its fourth U.S. stock exchange, NYSE National, during 2018; according to Reuters.

Spanish Stock Exchange (BME): MEFF to launch new FX futures contracts this year, called FX Rolling Spot Future (xRollin), thus expanding the range of assets it currently offers its members and investors.

Chicago Mercantile Exchange (CME) Henry Hub NatGas volume surpassed 1 million contracts traded for the first time on Jan. 12 2018.

Nasdaq (NDAQ): a Swedish court rejected an attempt by the country's competition watchdog to fine several NDAQ units about $3.9m for abusing their dominance; according to LAW360.

B3: ESMA clarified that the absence of an equivalence decision taken with respect to a third country's trading venue indicates that the Commission has currently no evidence that the EU trading with shares admitted to trading in that third country’s regulated markets can be considered systematic, regular and frequent. Consequently, trading in such shares is exempted from the trading obligation.

Multi Commodity Exchange of India (MCX) reported 3Q net profit of ₹188m (-45% y/y) on net income of ₹765m (-23% y/y) and expenses of ₹509m (-5.5% y/y). Reported by MoneyControl.

The Bombay Stock Exchange (BSE): Marketplace Tech Infra Services (MTISPL) and Thomson Reuters signed a memorandum of understanding (MoU) to avail the TR's powered solutions, proTRade, i3 Algos and Bracket Order; a move which will help bourse's members trade more efficiently, according to the Economic Times. Also, BSE approved a buyback proposal of up to ₹1.66b (10% of net-worth), at a price not exceeding Rs1,100 from the open market. Reported by India Info Line.

Philippine Stock Exchange (PSE) will by Tata Consultancy Services’ 8% in Philippine Dealing System Holdings Corporation (PDS Holdings) for P152m. Reported by Deal Street Asia.

Dubai Financial Market Stock Exchange (DFM) launched the Allocation Account mechanism as part of its continuous efforts to create the mechanisms and services that support the trading activity of various market participants.

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.