LSE will acquire The Yield Book and Citi Fixed Income Indices from Citigroup for $685m in cash. The deal is expected to have revenue synergies of $30m and cost synergies of $18m. NDAQ and Astana International Financial Centre (AIFC) signed a technology agreement where NDAQ will power Kazakhstan’s new AIFC exchange. NDAQ and the Shanghai Stock Exchange are in talks to acquire stakes in the new stock market Astana International Exchange of Kazakhstan to be launched by year end. The Astana International Finance Centre (AIFC) will be ruled by English law and foreign judges. CBOE: BATS to relaunch its EDGA Equities Exchange in response to industry feedback and debate on exchange fee structures. EDGA changes from an inverted pricing model to a simple, low fee model. From 1-June a single standard rate of $0.0003 applies to orders adding displayed liquidity or removing liquidity; non-displayed orders removing liquidity fee set at $0.0005 and non-displayed orders adding liquidity are free. B3 set 3-June for the mock trading session that was foreseen for 20-May. The purpose of this mock trading session will be to validate the PUMA Trading System electronic platform; the environment for phase 2 of the Post-Trade Integration Project (IPN); and changes to be implemented. HKEx plans to implement phase 2 of its securities market's Closing Auction Session (CAS) in the early 3Q17. Phase 1 results show the CAS being a very effective way to facilitate execution at close. LSE: LCH plans to launch a repo client clearing service. Buy-side firms will be allowed to access CCP through sponsor banks in coming months. LSE purchased 60k shares at 3,390p per share, as part of its £200m repurchase program. Total purchases add 2.03m shares up to date. Bucharest SE (BVB) and the Romanian Game Developers Association entered into a partnership where BVB will support DevPlay 2017 and organize workshops for the local gaming studios in order to present opportunities that the Romanian capital markets offers to entrepreneurs. MCX and NCDEX started developing commodity indices to be used in exchange-traded derivatives. KCG CEO, Eric Noll is leaving the firm as a result of its merger with Virtu, according with Markets Media. ECB President Mario Draghi said the Central Bank needs to maintain oversight of clearing in euro-denominated derivatives. SEBI has issued show-cause notices to the NSE and 14 individuals as a part of a probe on “unfair access”.
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