April 8 2013

Public Markets

France wants banks to be core Euronext investors: Sources

Economic Times

While bankers view a merger with Deutsche Boerse as the best strategic option to create a truly European player, that option doesn’t seem to be high on the French government’s agenda. “You can see it as a resurgence of French nationalism,” one of the …

London Stock Exchange Group PLC – Closing Of London Stock Exchange Group PLC’s Offer For LCH.CLEARNET

On 7 March 2013, LCH.Clearnet Group Limited (“LCH.Clearnet”) and London Stock Exchange Group plc (“LSEG”) announced a revised recommended cash offer by London Stock Exchange (C) Limited, a wholly owned subsidiary of LSEG, for a majority stake in LCH.Clearnet. On 26 March 2013, LCH.Clearnet and LSEG announced that the Acceptance Condition in respect of the Revised Offer had been satisfied and also that a seven business day extension period had been agreed between the parties to provide more time for remaining LCH.Clearnet Shareholders to participate in the Revised Offer. The Revised Offer is now closed to further acceptances.

At Completion, taken together with LSEG’s current 2.3% shareholding in LCH.Clearnet, LSEG will hold 57.8% of the LCH.Clearnet Issued Share Capital, which is the maximum possible shareholding by LSEG under the terms of the Revised Offer. In accordance with the terms of the Revised Offer, certain accepting LCH.Clearnet Shareholders will have their acceptances scaled back so that LSEG will hold no more than 57.8% of the LCH.Clearnet Issued Share Capital. Accepting LCH.Clearnet Shareholders will be notified within 10 business days of this announcement of the number of their LCH.Clearnet Shares that will be acquired, conditional on Completion, pursuant to the Revised Offer.

FTSE and TMX Datalinx complete transaction to create new global …

The Herald | HeraldOnline.com

By TMX Group Inc. TORONTO AND LONDON, April 5, 2013 — /CNW/ – FTSE Group, part of LondonStock Exchange Group, and TMX Group today announce that they have completed the transaction to combine their fixed income businesses in a new joint venture, FTSE TMX Global Debt Capital Markets. The transaction was completed on the terms announced on February 27, 2013.

TMX GROUP LTD : TMX Group Acquisition of Equity Financial’s …

4-traders

News Release TMX Group Acquisition of Equity Financial’s Transfer Agent and Corporate Trust

April 5, 2013 (TORONTO) – TMX Group today announced that it has completed the acquisition of the transfer agent and corporate trust services business from Equity Financial.
The business, which will be named TMX Equity Transfer Services, is now part of the portfolio of services provided by TMX Group to companies listed on Toronto Stock Exchange and TSX Venture Exchange. These services also include investor relations, design services, shareholder data and tracking, and market analytics.

Istanbul Opens New Bourse as Erdogan Seeks to Build Finance Hub

Businessweek

The ceremony marked the first trading day at the bourse, which incorporates the 28-year-old Istanbul Stock Exchange with the Istanbul Gold Exchange and the Izmir-based derivatives exchange. “In the U.S., the political center is Washington, D.C., while …

Warsaw Stock Exchange Among Europe’s Top Three Markets By Number And Value Of IPOs In Q1

The WSE ranked #2 in Europe by the number of IPOs and #3 by the value of IPOs in Q1 2013.
Thanks to the IPO of Polski Holding Nieruchomości, the value of IPOs was higher than in Q1 2012.

According to the most recent quarterly PwC IPO Watch Europe report concerning the number and value of initial public offerings (IPOs) on the main European exchanges, the WSE ranked #2 by the number of IPOs in Europe. There were 13 IPOs on the Warsaw Stock Exchange in Q1 2013 (1 IPO on the Main Market and 12 IPOs on NewConnect), 3 less than on the LSE Group exchanges.

HKEx announces clearing house shareholders

Hong Kong Standard

Hong Kong Exchanges and Clearing Limited announced that 12 financial institutions will join OTC Clearing Hong Kong, a clearing house HKEx established for the purpose of providing clearing services for over-the-counter (OTC) derivatives, as founding …

Private Markets

Intrade asks members to help fill $700000 hole

Reuters

DUBLIN, April 5 (Reuters) – Irish online betting exchange Intrade, which ceased trading after uncovering possible financial irregularities, has asked members to waive part of their account balances for now to help fill a $700,000 hole so it can avoid …

Calcutta Stock Exchange gets board nod to join Indian Clearing Corporation Ltd for cash trading settlement

The Economic Times

KOLKATA: The board of the Calcutta Stock Exchange (CSE) today approved joining the Indian Clearing Corporation Ltd (ICCL) promoted by BSE to carry out settlement for cash trading on the bourse.

“As our in-house clearing house cannot do the settlement after the SEBI directive, we decided to join ICCL for settlement activity,” CSE chairman and public interest director Dipankar Chatterji told PTI after an emergency meeting of the board.

Ludhiana Stock Exchange seeks to join hands with Calcutta bourse

Business Standard

Ties with the national exchanges — the National Stock Exchange and the Bombay Stock Exchange — through subsidiaries have, to a large extent, rendered the idea of individual trading platforms redundant. Sebi had said trading members of a de-recognised …

SecondMarket CEO Says Stock Market ‘Broken’

Investor’s Business Daily

Silbert: SecondMarket is the reinvented stock market. It’s our belief that the public markets are broken, that they’re no longer hospitable to small, fast-growth companies. It takes a very long time for a company to be strong enough, to be mature …

Technology

Supercomputers could generate early-warning system for stock market crashes

San Jose Mercury News

High-speed trading now dominates the U.S. stock markets, executing trades in a fraction of the time that it takes to blink. It generates a sea of chaotic data and can lead to nightmares like the May 2010 “flash crash,” when stock values swung wildly …

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