Euronext makes unchangeable cash offer to acquire LCH.Clearnet SA LeapRate

January 03, 2017 BY Valentina Kirilova

Euronext makes unchangeable cash offer to acquire LCH.Clearnet SA

Euronext, the pan-European exchange in the Eurozone, has signed a binding offer and been granted exclusivity to acquire 100% of the share capital and voting rights of Clearnet. Clearnet is a multi-asset, Eurozone-based Central Counterparty (CCP) serving Euronext’s markets, pan-European electronic trading platforms and OTC markets, with gross income of €137m and profit after tax…

January 03, 2017 BY Valentina Kirilova

Bats ETF Marketplace welcomes nine new products from Elkhorn Investments

Bats Global Markets, Inc. (Bats: BATS) welcomed nine new midcap sector ETFs from Elkhorn Investments. All of the issues begin trading today on the Bats ETF Marketplace. Since Elkhorn’s initial listing on Bats in 2015, they’ve been a strong partner and the launch of this first-of-its-kind midcap offering is evidence of their innovative mindset,” said…

January 03, 2017 BY LeapRate Staff

Hotspot FX December volumes $24.4 billion ADV, 20% below November

Following a very strong November, trading volumes at Forex ECN Hotspot FX cooled somewhat in December. Hotspot FX, a unit of Bats Global Markets Inc (BATS:BATS), saw volumes decline 20% MoM during the last month of 2016, to average $24.4 billion ADV. We view Hotspot FX's December volume results as actually fairly strong. December is always…

January 03, 2017 BY LeapRate Staff

FastMatch December Forex volumes down 19% MoM to $13.8 billion ADV

Forex ECN FastMatch is reporting that volumes in its system decreased by 19% MoM from November, to average $13.8 billion ADV for the month of December. We would remind LeapRate readers that November was FastMatch’s best ever month for FX trading volumes at $17.1 billion average daily volume, driven by volatility around the US election. November included FastMatch's second…

January 02, 2017 BY LeapRate Staff

Deutsche Börse cash markets turnover decreased 16% in 2016 to €1.38 trillion

German financial markets operator has announced that turnover on its Xetra, Börse Frankfurt and Tradegate exchanges totaled €1.38 trillion in 2016, down from €1.64 trillion in 2015. Of the total, €1.26 trillion was attributable to the Xetra venue, €43.9 billion to Börse Frankfurt and €71.0 billion to Tradegate Exchange. The share with the highest order book…

January 02, 2017 BY LeapRate Staff

Who made money on the US election and who lost?

Donald Trump was the clear winner of the US election, with both Hillary Clinton and the Democratic Party the clear losers. But there were others who won and lost thanks to the November 8 US election. Adinah Brown, content manager at Leverate, explains. Trump may have won the Presidency, but the true winners may have…

December 30, 2016 BY Valentina Kirilova

MMT finds Greencool’s former chairman and senior executives culpable of market misconduct

The Market Misconduct Tribunal (MMT) has found that the former chairman and chief executive officer of Greencool Technology Holdings Limited (Greencool), Mr Gu Chujun, and four former senior executives (including its former financial controller) disclosed false or misleading information inducing transactions and so engaged in market misconduct under the Securities and Futures Ordinance (SFO) following…

December 30, 2016 BY Valentina Kirilova

NEX Group Plc completes transaction and share consolidation

Further to the announcements by ICAP plc on 11 November 2015 and subsequently and the announcements by NEX on 6 December 2016 and subsequently relating to the disposal of NEX's global hybrid voice broking and information business to Tullett Prebon plc (now renamed TP ICAP plc), including NEX's associated technology and broking platforms and certain…

December 30, 2016 BY LeapRate Staff

TP ICAP completes acquisition of NEX's global hybrid voice broking and information business

Tullett Prebon plc just announced that it has changed its name from Tullett Prebon plc to TP ICAP plc and will commence trading under the new Tradable Instrument Display Mnemonic “TCAP” tomorrow. The Company's website will be changed to www.tpicap.com on 30 December 2016. All other details remain unchanged. TP ICAP plc also noted that has…