PLY: Heir apparent Adena gets another role at NASDAQ en route to a smooth handover in 2017 when Bob retires?
A touch of Christmas feel around, even for those like me lucky to be in sunny climes today but there are some useful insights to be garnered from a swift scroll…
Bradley Hope – Wall Street Journal
The promotion puts her one step closer to succeeding CEO Robert Greifeld, who has been CEO since 2003 and is expected to leave when his contract expires in 2017.
Barry O’Halloran – Irish Times
Shareholder activist Pensions & Investment Research Consultants is recommending that Betfair’s equity holders vote in favour of the deal at an EGM next Monday. The pair plan to create one of the world’s biggest gambling groups, with revenues of between €1.5 billion and €2 billion a year and a stock market value of about €8 billion, by merging early next year.
QV Premium: Exchange Deals Brief.
PLY: With a market cap of about €8 billion albeit not entirely from exchange services, nonetheless the Betfair-Paddy Power combine would be a top ten market by market cap…
Katia Porzecanski – Bloomberg
There might indeed be life after Leucadia.
Michelle Price – Reuters
Hong Kong’s securities watchdog said on Tuesday it had fined JPMorgan HK$30 million ($3.87 million) for a range of control failures, including breaches in its dark pool business.
NYSE raised $136.0 billion from 397 transactions in 2015, more than any other exchange in the world, including 8 of the largest 10 IPOs in the U.S., and resulted in NYSE’s fourth consecutive year as the leader in technology IPOs. In the last three years, the NYSE has listed 18 of the 20 largest IPOs.
Tim Cave – Financial News
The European Commission looks set to stand its ground on plans to force asset managers to fully separate payments for trading and research across fixed income as well as equity products, a move that will put the future of bond markets in a “difficult place”, according to practitioners.
Once allowed (it) will initially enable short-term buying and selling of power with Nepal, Bangladesh and Bhutan.
Avi Mizrahi – Finance Magnates
North American Derivatives Exchange (Nadex) has confirmed to Finance Magnates that it is no longer accepting Canadian residents as members. NADEX have been in communication with the Ontario Securities Commission regarding members residing in Canada and were exploring the opportunity to establish a formal presence throughout Canada but will close existing Canadian accounts and not accept new ones in the meanwhile.
Special Section: FTI, NSEL, India at the Crossroads
PLY: MCX up 2.5%, FTIL retraces nearly 2% after a couple of days of spectacular gains.
Nasdaq has begun disseminating consolidated real-time trade volume data from the Consolidated Tape Association on its Nasdaq Last Sale Plus product, which provides last sale and trade volume data for securities trading on or reporting to the Nasdaq Stock Market, the FINRA/Nasdaq Trade Reporting Facility, Nasdaq BX and Nasdaq PSX markets.
State Securities Committee of Azerbaijan continues to consult with partners from the Korean exchange within the framework of the improvement of the trading system.
Anna Irrera – Financial News
PLY: McKinsey state the obvious, presumably they also think it is obvious that they can provide a client solution to this disintermediating squeeze.
Nasdaq’s Co-President Adena Friedman will be named COO, another step towards her presumed elevation as CEO when Bob Greifeld is expected to retire after his contract expiry in 2017.
16.12 – Record date ICE $0.75 dividend
16.12 – CFTC – Open Commission Meeting (press release)
18.12 – CBOE $0.23 quarterly cash dividend payment
New! 03.02.2016 – CBOE Q4 2015 Results (press release)
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The European Equity Market Report is a piece of analysis that allows for an accurate comparison of trading statistics across European trading venues.