April 10 2013

Public Markets

Warsaw Exchange Said to Hold Talks With Vienna Exchange

Bloomberg

The Warsaw Stock Exchange (GPW) and the Vienna bourse are discussing a merger that would create a hub for equities trading and initial share offerings in central and eastern Europe, said three people familiar with the talks.
Discussions between management and owners of the Vienna and Warsaw exchanges are at a very early stage, said the people, who asked not to be identified because the talks are private. The negotiations may not lead to a transaction, the people said. The Warsaw Exchange rose 0.8 percent to 38.90 Polish zloty at the 5:30 p.m. close in Warsaw, valuing the company at 1.63 billion zloty ($520 million).

Changes To Warsaw Stock Exchange Management Board Approved

On 9 April 2013, the Polish Financial Supervision Authority (KNF) has approved changes to the Management Board of the Warsaw Stock Exchange.
The new WSE Management Board: Adam Maciejewski – President, Beata Jarosz – Vice President, Paweł Graniewski – Vice President, Mirosław Szczepański – Member of the Management Board.

Nasdaq OMX Group and the CME Group to Launch Wireless Network

Fox Business

Nasdaq OMX Group and the CME Group have announced plans to launch a wireless network this May. The high-speed network will beam stock and derivatives data at an even faster speed than current networks allow. Information will be transmitted at 8.5 …

Private Markets

Australia approves new derivatives market, clearance licences

Reuters

Shorten granted the market licence to Financial and Energy Exchange Global Pty Ltd (FEX), allowing it to set up a market for energy, commodity and environmental derivatives. He also approved British clearinghouse LCH.Clearnet Ltd, controlled by the …

FXCM offers $210m for Gain Capital

Financial Times

FXCM, the spread betting provider and foreign exchange broker, has made a $210m all-share offer for Gain Capital Holdings – in a sign that rising costs and low market volatility are driving the consolidation of trading services.

Explaining the move, Drew Niv, chief executive of FXCM, said: “There is a general rapid inflation in the amount of regulatory costs inherent in operating this business . . . by virtue of this combination, you are able to eliminate [some of the cost].”

Qatar Financial Centre Authority Sells Qatarlyst to Ebix Inc.

Insurance Journal

The Qatar Financial Centre Authority (QFCA) announced that it has reached an agreement to sell Qatarlyst, an electronic trading exchange for the global insurance and reinsurance industry, to Ebix Singapore Pte Limited, a subsidiary of Ebix, Inc., …

The Intrade Mystery Continues

Businessweek

Intrade.com, the beleaguered betting website that in March halted trading and froze member accounts amid a probe into financial irregularities, has discovered a shortfall of $700,000 in client funds. The discrepancy bolsters a widespread theory that …

Guangzhou plans to relaunch futures

Global Times

Officials in Guangzhou, the provincial capital of Guangdong, unveiled plans late Monday to re-establish a futures exchange in the city by the end of 2015, an announcement which could pave the way for the opening of the Chinese mainland’s fifth such …

Technology

Warsaw Stock Exchange prepares for trading system migration

Finextra

The modification involves a day without a trading session on 16 April to minimise risks, particularly the clearing of transactions in brokerage houses,” said Adam Maciejewski, CEO and President of theWarsaw Stock Exchange. As at 8 April 2013, 52 out …

NASDAQ OMX Enhances UltraFeed

The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it has enhanced UltraFeedSM to include U.S. equity market depth data from NASDAQ, NYSE Euronext, Direct Edge and BATS exchanges. Included in UltraFeed’s equity depth data is NASDAQ TotalView, a product that displays The NASDAQ Stock Market’s full order book. TotalView features Net Order Imbalance information for NASDAQ’s opening and closing crosses as well as for the IPO and halt crosses, insight that can help reveal new trading opportunities.

Appointments

Options Appoints Former NYSE Euronext Executive Tim Yockel as New SVP of …

Sacramento Bee

NEW YORK, April 9, 2013 — /PRNewswire/ — Options, the market leader in infrastructure as a service (IaaS) products for the global capital markets industry, has today announced that the formerNYSE Euronext executive, Tim Yockel, has been appointed as …

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