Intercontinental Exchange would keep the London Stock Exchange equity market if it acquires the LSE Group

March 11, 2016 09:19 AM

Intercontinental Exchange would keep the London Stock Exchange equity market if it acquires the LSE Group.

MarketAxess Holdings Inc. will in April expand its trading system to the $3.6 trillion municipal bond market. The platform enables institutional investors and dealers to electronically submit single-item inquiries, or bid/offer lists to a broad and centralized pool of liquidity providers on MarketAxess. MarketAxess expects to have 60 dealers and 250 institutional investor firms connected to the municipal bond platform at the time of the launch, including large asset managers active in that market.

U.S. Securities and Exchange Commission was asked to harmonize trading-halt rules by industry participants including BlackRock, State Street, JPMorgan and Schwab. Reported by Bloomberg.

Deutsche Boerse, Jeffrey Tessler said EMIR will cause significant new challenges for clients related to OTC mandatory clearing from June and collateral requirements for non-centrally cleared transactions in September.

Nasdaq Inc.: Moody's affirmed the issuer and senior Baa3 debt ratings of NDAQ and maintained a positive outlook on the ratings. This follows NDAQ's announcement that it has agreed to acquire ISE from DB1 for $1.1 billion.

Nasdaq Inc.-International Securites Exchange acquisition would give NDAQ new licenses with the opportunity to introduce alternative features such as a differentiated pricing and differentiated rules including, possibly, speed bumps.

Securities and Exchange Board of India has permitted stock exchanges to include six new FX pairs in the exchange traded futures and options market.

Budapest Stock Exchange: the Hungarian Central Bank, which acquired a majority stake in the exchange is launching a five year development plan with the aim of reaching listed market cap to GDP to 30% by 2020.

Rosario Futures Exchange, Argentina Clearing and Agtech will jointly develop climate index futures.

Algomi, the network company providing information-matching solutions for the optimisation of fixed income liquidity, named former CEO of Thomson Reuters Tom Glocer as a Strategic Advisor. The company also appointed Howard Edelstein to the board, after serving two years as a Strategic Advisor. Edelstein is the former Chairman and CEO of BondDesk and is an investor in Algomi.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.