EXCHANGE NEWSWIRE, 4 April 2011
DB1 does not intend to increase its bid for NYX as a bidding war will not create value for shareholders, accord to a Die Welt report. DB1 will also wait for NYX’s reaction to NASDAQ OMX’s counter offer before making any amendments to its current offer.
NYX CEO Duncan Niederauer prefers DB1’s offer to that of NASDAQ OMX, according to the Frankfurter, which cited sources who say that Niederauer is preparing papers that support a merger with DB1, which offers better growth and profit prospects due to its international scope.
NASDAQ OMX launched a new pricing scheme last Friday which will provide members trading on both its options and equity markets with an additional rebate, subject to SEC approval. Investors who add or remove more than 300,000 contracts on the options market, and add more than 1% of consolidated ADV on its stock market per day will receive a rebate of $0.00295 per share for displayed liquidity, or $0.0015 per share for non-displayed liquidity.
CBOE stocks plummeted 5% to close at $27.51 on Friday after analysts say CBOE may have no potential deal partners after NASDAQ OMX launched a takeover bid for NYX.
ICE launched 13 new contracts based on Platts’ physical market price assessments in diesel, fuel oil, gasoil, heating oil and crude oil, bringing the total number of ICE energy contracts settled and cleared against physical market price assessments by Platts to approximately125.
CME’s managing director for energy and metals marketing, Joseph Raia, resigned and will move to Goldman Sachs to work with its futures and clearing groups after 10 years with CME.
LSE: Turquoise chief technology officer (CTO), Mark Ryland, departed the firm after the migration to Millennium Exchange experienced many teething problems. Ryland’s position will not have a replacement, but some of his responsibilities will be handed to Phil Penhaligan, head of technology at Turquoise.
Quote MTF went live with liquidity commitments from 6 out of the 8 sell-side participants from the US, UK, Ireland, France and the Netherlands, with the other 2 to launch tomorrow. Commercial director Christian Bower said that Quote MTF’s ADV should reach EUR1.14b soon after the agreements come into effect, and aims to exceed EUR2-3b by end-2012.
LMAX CEO Robin Osmond resigned “to pursue other opportunities in the City” but will continue until he hands the trading venue over to David Mercer, who will be the interim chief. Betfair, LMAX’s parent company, pledged full commitment to LMAX, of which it owns 73.5%.
EuroCCP and LSE’s Turquoise partnered to launch a new service that will significantly reduce the operational trading costs of trading Spanish equities on MTFs. From May 3, the EuroCCP will reduce the current settlement fee from EUR 2.42 to EUR 1.00 and the clearing fee from EUR 0.07 to EUR 0.03 per side, up to 100,000 sides on a participant’s ADV.
AMTD launched 5 new diversified Amerivest ETF portfolios in response to a demand for guidance among retail investors. These portfolios are built to address different investment needs based mainly on an investor’s risk tolerance and time horizon for investing.
CBOE was downgraded to “Underweight” from “Equal-weight” at Evercore. Target price was cut to $22.50 from $29.50.
Provided By: Equity Research Desk, www.erdesk.com
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