Exchanges: EU Blocks DB Merger

Politics

EXCHANGE NEWSWIRE

Courtesy of ERDesk

The EU formally blocked the DB1-LSE merger stating that it would create a “de facto monopoly”.
LSE terminated the sale of LCH SA to Euronext following the failure of its planned merger with DB1.
DB1 regreted the decision taken by the EU. Joachim Faber, chairman of the Supervisory Board, said “the prohibition is a setback for Europe, the Capital Markets Union and the bridge between continental Europe and Great Britain.”
OCC declared a $46.6 million refund to clearing members and dividend of $25.6 million under its approved capital plan. The refund and the dividend will be paid to stockholder exchanges CBOE, NDAQ and ICE sometime in 3Q17.
CBOE futures exchange plans to integrate with the BATS technology platform, starting with its futures exchange from 2018. Reported by The Trade
LME decision to reduce initial clearing margin is delayed for not receiving approval from European regulators. Reported by Reuters
Shanghai Clearing House Chairman Xu Zhen said the clearing house would cooperate with the City of London, LCH, CME Clearing Europe, and Clearstream to strengthen the “connectivity of financial market infrastructure”.
NEX: EBS implemented a new internal structure. EBS appointed Tim Cartledge as global head of FX and head of product, and Jim Iorio as head of sales and head of FX Americas.
Liquidnet partnered with Visible Alpha’s ONEaccess to provide institutional investors with tools to manage, track and pay for research under MiFID II, according to The Trade. ONEaccess will be added to Liquidnet’s commission management service.
HFT: a database of HFT globally will be developed over the next three years by economists and researchers. Reported by The Trade
SEC rejected a proposed bitcoin ETF backed by SolidX that was seeking to list on NYSE Arca.