Cboe's acquisition of BIDS Trading, the largest block-trading alternative trading system (ATS) by volume in the US, in 2021, gave the operator of one of the largest derivatives exchanges in the US, Cboe, further access to the expanding world of off-exchange trading. Cboe BIDS has already established subsidiaries in Europe and Canada, with Cboe BIDS…
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Regulators elsewhere are attempting to minimize the damage, and the European Banking Authority, The Single Resolution Board, and the ECB Banking Supervision committee issued a joint statement. They said: The resolution framework implementing in the European Union the reforms recommended by the Financial Stability Board after the Great Financial Crisis has established, among others, the…
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UBS Chairman Colm Kelleher said: This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue. We have structured a transaction which will preserve the value left in the business while limiting our downside exposure. Acquiring Credit Suisse’s capabilities in wealth, asset…
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In the US, the government took emergency steps to give banks more funding to weather the crisis. On Wednesday, however, the focus shifted to Europe, where Credit Swisse falling shares took down the European banking index. Credit Suisse is the first major global bank to receive such an emergency lifeline since the financial crisis in…
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The trading and settlement arrangements and start date for HKEX shares in RMB, under the HKD-RMB Dual Counter Model, will be announced at a later date. HKEX has recently introduced a new HKD-RMB Dual Counter Model in the securities market and a Dual Counter Market Making Programme to enhance liquidity for RMB Counters and reduce…
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According to securities filings, Mr Becker, SVB’s Chief Executive, and Mr Beck, the Chief Financial Officer, sold shares the week before the bank’s collapse. Becker sold $2.3 million worth of shares and Beck sold more than $575,000 worth of shares, which amounts to one third of his holdings in the company. SEC Chair Gary Gensler…
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The official announcement, released today, detailed that CQG has completed a FIX connection with Broadridge, which facilitates the direct transfer of order flow from CQG to Broadridge's infrastructure for routing to its network of exchanges and liquidity providers. The ongoing development aims to achieve a seamless workflow between the two systems, enabling customers to view…
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Noel Quinn, the CEO of HSBC Group, commented: This acquisition makes excellent strategic sense for our business in the UK. It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the UK and internationally. The UK Financial Conduct Authority issued a…
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These operations are essential components of Nomura's core Wholesale activities, which represent the primary emphasis of the company's international operations. Nomura maintains its dedication to serving its institutional, corporate, and high-net-worth customers in Thailand. Kenji Teshima, Representative Director, Nomura Asia Pacific Holdings, said when the deal was initially revealed on 30 June 2022: We are…
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Christen Harvey, VP Strategic Partnerships of TT, said: Our alliance with Bantix is the latest strategic partnership we've forged with a best-in-breed provider of technology that improves our clients' trading experience, allowing us to enhance the TT ecosystem with battle-tested tools that would have taken years to develop ourselves. In the first phase of integration,…
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