LSE powers Casablanca Stock Exchange trading tech revamp
Casablanca Stock Exchange (CSE) has gone live with Millennium Exchange for equities and fixed income trading and Millennium Surveillance to monitor trading and “detect unusual behaviour”. The solutions will be underpinned by the Millennium Advanced Platform (MAP), and are all provided by Sri Lanka-based MillenniumIT; which was acquired by the London Stock Exchange (LSE) in […]
LSE and Boat Services launch trade reporting solution for MiFID II
London Stock Exchange (LSE) and Boat Services have launched Tradecho, a combination of the two companies’ existing and “complimentary” trade reporting services. LSE says by early Q1 2017, Tradecho will provide a single trade reporting venue and “complement” its T+1 MiFID (Markets in Financial Instruments Directive) and EMIR (European Market Infrastructure Regulation) transaction reporting services, […]
Hacking group Anonymous attacks London Stock Exchange
Famous/infamous hacking group Anonymous says it took down the London Stock Exchange’s (LSE) website for two hours as part of a protest against world’s banks. According to the Mail on Sunday, the attack was carried out by a group, within the organisation, based in the Philippines. The newspaper says: “Anonymous claims the incident was one […]
Jobs to go in Deutsche Börse and LSE merger
The London Stock Exchange (LSE) says its all-share merger with Deutsche Börse could result in 1,250 job losses. In March, after speculation and a rival bid, both parties reached agreement to create a Europe-based global markets infrastructure group valued at about £21 billion. The merger is expected to be finalised by the end of this […]
ICE backs out of London Stock Exchange bid
New York Stock Exchange owner, Intercontinental Exchange (ICE), has confirmed it won’t make a bid for London Stock Exchange (LSE). In March, ICE had said it was considering making a rival bid for LSE – setting up a potential takeover battle with Deutsche Börse. That never happened as a few weeks later in March Deutsche […]
Deutsche Börse and LSE to merge
Deutsche Börse and London Stock Exchange (LSE) have reached agreement on the terms of an all-share merger of “equals”. The deal follows recent speculation about the merger, and New York Stock Exchange owner, Intercontinental Exchange (ICE), saying it may make a rival bid for LSE. The merger will create a Europe-based global markets infrastructure group […]
ICE pours cold water on Deutsche Börse and LSE merger bid
New York Stock Exchange owner, Intercontinental Exchange (ICE), says it may make a rival bid for London Stock Exchange (LSE) – setting up a potential takeover battle with Deutsche Börse. ICE says an approach on the LSE hasn’t been made yet, but the speculation lifted LSE shares to a record high today (1 March 2016). […]
Top fintech stories this week – 26 February 2016
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Fiserv’s CUnify core processing system bags 25 US credit unions More good news for the US software vendor. IBM delivers blockchain-as-a-service for developers Code to joy… nearly 44,000 lines made available. Potential “merger of equals” between Deutsche Börse […]
Potential “merger of equals” between Deutsche Börse and London Stock Exchange confirmed
Deutsche Börse and the London Stock Exchange (LSE) have confirmed they are in “detailed” discussions about a potential “merger of equals” of the two businesses. The announcement saw shares in the LSE and Deutsche Börse rise 17% and 7% respectively. It is the third time they have tried to make a deal, the first attempt […]
Industry backs Linux Foundation open source Hyperledger project
A range of financial services and technology firms are backing efforts by The Linux Foundation to develop “an enterprise grade, open source distributed ledger framework”.
European exchanges shuffle IT management
European exchange groups in London and Frankfurt have announced changes in their technology leadership, with the announcement of a new group chief information officer at the London Stock Exchange and a restructuring of responsibilities at Deutsche Börse.
London Stock Exchange launches major interest rate derivatives venture
The London Stock Exchange Group is planning to launch a new interest rate derivatives venture called CurveGlobal, which initially aims to offer short term interest rate futures. Backed by several banks including Bank of America Merrill Lynch, Barclays, Citi, Goldman Sachs, JP Morgan and Société Générale, the new venture is part of the exchange’s long-held ambition to gain traction in the derivatives markets, which have historically been dominated by rivals in continental Europe.
LSE/DTCC regulatory reporting tie-up shows the way for collaboration
London Stock Exchange and The Depository Trust & Clearing are partnering to provide clients with a connection to the LSE’s UnaVista Approved Reporting Mechanism. The service will allow DTCC clients to comply with the Markets in Financial Instruments Regulation through their current connection from DTCC’s Global Trade Repository.
European stock markets plan Shanghai links
Closer links between the Shanghai Stock Exchange and UK and European exchanges may be on the cards. The London and Shanghai exchanges are exploring a scheme to link their markets. At the same time, European exchange group Euronext announced a deal with the Shanghai Stock Exchange to promote its listed members to Chinese investors.
Iress acquires retail trading business from London Stock Exchange
The London Stock Exchange has sold its Proquote market data and retail trading services business to Australian financial technology specialist Iress, which is expanding its capital markets and funds operations in the UK.
Turkey listings advance LSE’s derivatives ambitions
The London Stock Exchange says that the launch of Turkish derivatives on its derivatives market represents part of the long-cherished goal of growing its derivatives business around the world. It also represents the exchange’s ‘open access’ policy.
Johannesburg Exchange revamps clearing and derivatives trading
South Africa’s Johannesburg Stock Exchange has begun a massive overhaul of its clearing and trading systems, which will see its siloed clearing platforms replaced by a single engine from vendor Cinnober and its derivatives market shifted onto the London Stock Exchange’s MilleniumExchange platform.
Euroclear to shift UK, Ireland, France and Netherlands onto T+2 settlement
Euroclear UK and Ireland is planning to shorten its settlement cycle to T+2 from October next year, bringing its operations into line with clearing in Germany and Russia, which already operate T+2.
LSE launches new derivatives market
The London Stock Exchange has intensified its push into the derivatives markets with the launch of a new bourse called LSE Derivatives Market, which it says will create new opportunities for traders in London and provide a better proposition under the EU’s EMIR legislation than its predecessor Turquoise Derivatives.