Perhaps it was inevitable after the Brexit vote that the €29 billion ($24.4 billion) merger of the London Stock Exchange and Deutsche Börse would never see the light of day. However, the LSE’s decision not to divest its 60 percent share in MTS, the Italian bond trading platform, to appease the European Commission’s anti-trust regulators… Read More >>
Deutsche Bundesbank & Deutsche Börse Launch Blockchain Initiative
Germany’s central bank, Deutsche Bundesbank and its national exchange Deutsche Börse, have joined forces to develop a functional prototype for a blockchain/distributed ledger technology (DLT)-based settlement of securities. Stefan Teis, senior vice president for group product and business development at Deutsche Börse, stresses that the “prototype is based on a conceptual study and not intended… Read More >>
E.U. Regulators Fear Combined LSE-DB Will Be a Monopoly
The European Commission has narrowed its focus into the £21 billion ($26 billion) merger of the London Stock Exchange (LSE) and Deutsche Börse to derivatives clearing, dropping many of its previous competition concerns from its investigation launched in September. They included exchange-traded products, the licensing of indexes and trading of German government bonds. The main… 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 >>
Media Reports Say Misys Owner Mulling IPO
Misys, a 37-year-old banking and capital markets software systems provider, may be entering the public markets again, according to media reports about the matter. In mid-August, The Times of London, citing industry sources, ran with a story that Misys was getting ready to launch a £5.5 billion ($7.3 billion) listing via the London Stock Exchange…. Read More >>
Brexit Storm Rains On LSE, Deutsche Börse Merger
London Stock Exchange (LSE) shareholders may have given their approval to the planned £20 billion ($30 billion) merger with Germany’s Deutsche Börse but there is no guarantee that their relationship will weather the post-Brexit storm and this could pave the way for another suitor. In a joint statement after the Brexit vote, LSE and Deutsche… Read More >>
LSE-Deutsche Börse Merger May Require Waves of Layoffs
In just over a month’s time, the London Stock Exchange (LSE) and Deutsche Börse are set to create a £21 billion ($30 billion) European exchange powerhouse. It is expected to lead to 1,250 job losses but some believe that this might just be the tip of the iceberg. Last week, a prospectus was issued to… Read More >>
Hackers Collective Declares Cyber War on Financial Services
A collective of hackers known as “Anonymous,” has declared a 30-day war on “all central banks” across the globe, the Nasdaq stock market, the Bank for International Settlements, the International Monetary Fund, the London Stock Exchange, and major outlets for consumer-oriented financial services. The hackers have claimed their first victim, the Central Bank of Greece,… Read More >>
Brexit Could Put U.K. Clearinghouses in Limbo
The Brexit wars are heating up in the U.K. as the European Referendum draws closer but it is still too early to call the outcome. In the meantime, President Obama lent support to the remain or stay-in campaign during his recent visit to the U.K. But the leave party is doing its level best to… Read More >>
ICE Mulls Move to Buy London Stock Exchange
Intercontinental Exchange (ICE) officials are acknowledging “recent press speculation” that they may put forth an offer to buy the LSEG, which has gone public with its potential merger of two equals with Deutsche Börse. As outlined by LSEG and Deutsche Börse officials, the potential merger would be “structured as an all-share merger of equals under… Read More >>
