EXCHANGE NEWSWIRE, 17 August 2011
France and Germany will propose a financial transaction tax in September, although details of the plan have not yet been not provided.
MKTX is considering putting itself up for sale after receiving offers of interest, according to the WSJ, which said the firm has a market capitalization of roughly $915m, and could fetch $1.5b, according to sources familiar with the matter.
JSE reported 1H11 EPS of R 0.299 (+22% y/y) on revenues of R667.9m (+7% y/y), with equity market revenues were R371.7m (+8% y/y), and issuer services revenues of R48.8m (+6% y/y). JSE also declared a special dividend of R0.210 per share which will be paid on September 12.
Chi-X Europe will allow clients to choose between current provider EMCF, as well as EuroCCP, LCH.Clearnet and SIX x-clear starting January 1, 2012. CEO Alasdair Haynes said that “full four-way interoperability has always been one of our key goals and this will further improve efficiencies in pan-European equities trading”.
BATS Europe will add EMCF as its fourth interoperable CCP choice, in addition to its current three interoperating CCPs by January 1, 2012, pending regulatory approval.
UBS MTF will offer four-way interoperability of CCPs for cash trades executed on its platform. The MTF currently interoperates with EuroCCP and SIX x-clear, and plans to expand by adding EMCF and LCH.Clearnet.
Omega ATS launched provision of free, real-time bond market pricing on its website in order to widen its fixed income trading offering. The quotes show prices of 24 fixed-income instruments, including Government of Canada debt securities, corporate names such as Rogers Communications and Cameco Corp, among others.
DTCC and Markit launched the Loan/Serv Cash on Transfer service, the loan market’s first delivery-versus-payment (DVP) platform for secondary loan trading. The service links the buyer, seller, agent bank, trade processing platform and counterparty accounts, allowing for cash and legal ownership of the asset to move simultaneously on the agreed trade settlement date.
Provided By: Equity Research Desk, www.erdesk.com
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