fmxExchangeConnect - EXCHANGE NEWSWIRE, 2 September 2011

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EXCHANGE NEWSWIRE, 2 September 2011

September 2 2011, 09:43

EXCHANGE NEWSWIRE, 2 September 2011

LSE confirmed being in talks with LCH.Clearnet to buy the clearinghouse, but there could “be no certainty that any action or agreement will result”. According to the Trade News, LSE is supposedly seeking a majority stake that would value LCH.Clearnet around EUR1b.

DB1-NYX merger: the EU Commission is examining the merger’s impact on the entry barriers for rivals such as BATS Europe, Chi-X Europe, The Order Machine and Turquoise. The Commission has set a December 13 deadline to finalize its decision on the merger.

Burgundy reported a record turnover in August, with average daily turnover (ADT) at EUR 179.9m (+45% m/m), and average daily trades at 29,286 trades (+72% m/m).

European Securities and Markets Authority (ESMA) may set limits on sales of naked credit default swaps for sovereign debt as part of proposals to prevent the products from worsening the region’s debt crisis.

CFTC will vote on September 8 on the timeline and implementation of documentation and margining requirements and mandatory clearing and trading implementation rules would be phased in once rules are completed. CFTC will also vote on the position limits plan on September 22.

Provided By: Equity Research Desk, www.erdesk.com

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