It has been a busy week in the derivatives industry with significant news this morning from NASDAQ OMX Group and ICE announcing a proposed bid to acquire NYSE Euronext at a 19% premium to Deutsche Boerse’s previous proposal.
The market has been a buzz ever since and below is some commentary: Quick View: Does Nasdaq-ICE move make sense? Jeremy Grant
Separately, some of other big news of the week involve Irish stress tests, more activity among exchanges with Chi-X Europe, a pan-European equities exchange, and Russell Investments, owner of global equity benchmarks creating an alliance to launch a new series of European indices.
And speaking of acquisitions, this week SunGard acquired financial data solutions provider, ValueLink InformationServices.
On the regulatory front there were two events worthy of mentioning including a hearing held in the House Committee on Agriculture entitled “Defining the Market: Entity and Product Classifications Under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.” (see video of testimony here) Gary Genslers took the floor at this hearing – read his speech here and Reuters commentary.
Earlier this week the CFTC hosted the “SEF Showcase” to do just that – allow SEFs platforms to demonstrate their technology with Commissioner Scott D. O’Malia doing the introduction and Kevin McPartland from Tabb tweeting commentary throughout.
On the other side of the pond, the Financial Stability Board publish the national responses of its members to a survey it held to help monitor the implementation of G20 recommendations.
Finally, and as always, you can find all of our weekly news on a single page here.
