Euronext has pulled out of the race to acquire Spain's BME after SIX Group gained regulatory approvals for the takeover last week.
Spain’s CNMV has approved SIX Group’s bid to acquire BME following approval from the Spanish Economy Ministry earlier this week.
Spanish government has authorised SIX Group’s bid for BME, meaning it now needs approval from Spain’s CNMV.
The 2019 annual report for SIX Group confirmed it is still awaiting regulatory approvals for its bid for Spanish stock exchange BME.
SIX Group has said it will make an offer of €2.8 billion to acquire BME, as Euronext says it is also in talks with the Spanish exchange operator.
Spanish exchange group BME has made the senior appointment as it implements new digital transformation strategy.
BME Group proof of concept is the latest in a series of blockchain initiatives around collateral management, efficiency and mobilisation.
BME Clearing will be available on the NEX Markets BrokerTec FX and fixed income trading platform.
BME to act as an APA, ARM and offer systematic internaliser services.
Three-pronged approach to data, tech and regulation aimed at better serving market participants.