Fidelity to Make Ops & IT Hires Too Money manager Fidelity Investments is on hiring spree and is seeking to fill approximately 4,000 positions across the U.S. over the coming six months to meet “unprecedented customer growth and engagement,” Fidelity says. “Recent market volatility and an increasingly complex economic environment has driven millions of new… Read More >>
Morningstar Acquires Sustainalytics for $59M
Morningstar Ups Ownership of ESG Research Firm Morningstar, Inc., an investment research provider, reports an agreement to acquire Sustainalytics, a provider of environmental, social, and governance (ESG) ratings and research. Morningstar also points out that it currently has an approximately 40 percent ownership stake in Sustainalytics, first acquired in 2017, and that, under the terms… Read More >>
BNP Paribas, Société Générale & Others Launch LiquidShare
Major European Players Back LiquidShare A European blockchain startup with a post-trade focus, LiquidShare, is being created via the support of BNP Paribas, CACEIS, Caisse des Dépôts, Euroclear, Euronext, S2Iem, Société Générale and Paris Europlace. The financial technology venture is the result of a partnership launched by its shareholders in June 2016 to develop a… Read More >>
LSEG-Deutsche Börse Breakup Paves the Way for Other Suitors
The marriage of the London Stock Exchange Group (LSEG) and the Deutsche Börse was always on shaky ground despite the participants hoping that this time they would be able to finally walk down the aisle after two failed attempts. However, this was not to be and the European Union competition regulators broke up the union…. Read More >>
Euronext Still Wants to Buy Clearnet from LSEG
Euronext is making it clear that it still wants to buy and own the LCH.Clearnet service outright, the sale of which was part of the failed London Stock Exchange Group-Deutsche Börse merger. At the same time, Euronext is hedging its bets with a preliminary derivatives clearing agreement with ICE Clear Netherlands that would require Euronext… Read More >>
Euronext Wants to Buy LCH Clearnet for $531 Million
Exchanges conglomerate Euronext is making an “irrevocable all-cash offer” to acquire all of LCH.Clearnet Group Ltd., a central counterparty clearinghouse (CCP), from the London Stock Exchange Group (LSEG) for €510 million ($531.3 million) in an effort to achieve pre-tax operating “cost synergies of €13 million ($13.5 million) and additional opportunities for revenue synergies,” according to… Read More >>
LSE, Deutsche Börse Juggle Options to Save Merger
It is unclear whether the London Stock Exchange’s plans to sell its French clearing unit — LCH SA — will appease the E.U. regulators who have launched an extensive probe into its €24 billion ($26.9 million) merger with Deutsche Börse. However, there will be plenty of interest especially from Euronext, which is a well-known opponent… Read More >>
Euronext Jolts Post-Trade Business
Euronext is shaking up its post-trade business with two senior appointments, naming Andre Simpson head of post trade at Euronext and Hugo Rocha a member of the managing board at Interbolsa with responsibility for commercial and sales activities, according to a statement from the exchange operator. Simpson’s appointment went into effect on August 18 while… Read More >>
