A Canadian consortium of five pension funds and four investment banks has announced a C$3.6 billion (US$3.69 billion) counter bid for the operator of the Toronto Stock Exchange which could prevent its planned merger with the London Stock Exchange Group.
Market operator BATS Global Markets has revealed the terms of its planned takeover of multilateral trading facility Chi-X Europe, following the filing of a proposed initial public offering today.
Revenues from its post-trade services drove solid growth at the London Stock Exchange, for the financial year ending 31 March 2011, but the exchange may become embroiled in legal action over plans for its derivatives business.
Nomura Asset Management, a wholly owned subsidiary of Japan-based Nomura Holdings, has listed its NEXT FUNDS Thai Stock SET50 exchange-traded fund on the Tokyo Stock Exchange, marking the first listing of a Thai-stock ETF in Japan.
Hong Kong Exchanges and Clearing and the Taiwan Stock Exchange Corporation have signed a memorandum of understanding on the sharing of regulatory information.
US stock exchanges have filed requests with national regulator the Securities and Exchange Commission to extend the reach of existing circuit breakers to include all National Market System stocks, that is, all stocks listed on the markets operated by Nasdaq OMX and NYSE Euronext.
Lyxor Asset Management, a wholly-owned subsidiary of French investment bank Société Générale, has appointed Herman Chen as head of Lyxor exchange-traded funds distribution for the Asia-Pacific region
Otkritie Financial Corporation, a Russian financial services and trading solutions group, has hired former RTS Stock Exchange executive Dmitry Shatsky as its new business applications development and maintenance head.