Following its purchase of failed investment bank Lehman Brothers’ entire Asia-Pacific franchise yesterday, Japanese financial services firm Nomura has now snapped up Lehman’s European equities and investment banking businesses for an undisclosed sum.
Despite the launch of new pan-European equity venues, September has shown that market participants have yet to adjust fully to the new trading environment.
PLUS Markets, a UK stock exchange specialising in listing and trading small- and mid-cap stocks, has issued proceedings in the UK High Court against the London Stock Exchange (LSE).
Mutlilateral trading facilities will soon by recognised as agents of consolidation rather than fragmentation in the European equities market, according to Turquoise CEO Eli Lederman.
Tim Ryan, CEO of the Securities Industry and Financial Markets Association, expressed confidence in the ability of the finance sector to overcome its current crisis yesterday, despite persistent reports of further merger discussions between broker-dealers and other institutions.
The Russian Trading System stock exchange has launched a new over-the-counter market, RTS Global, to provide Russian investors with greater access to foreign securities.
Turquoise, the pan-European multilateral trading facility, has deployed a real-time and post-trade market surveillance system supported by Progress Apama’s complex event processing (CEP) platform.
Credit Suisse's Advanced Execution Services (AES) unit has added the US-based Aqua alternative trading system as a trading destination to its algorithmic and direct access systems.
Barclays Capital, the UK investment bank, will acquire “substantially all of the North American businesses and operating assets” and “certain related assets” of Lehman Brothers, the US investment bank that filed for bankruptcy on Monday.