Euronext taps Société Générale for new chief executive of clearing house
Incoming CEO will replace Marco Polito, who left at the end of April by mutual agreement to pursue new professional projects.
Incoming CEO will replace Marco Polito, who left at the end of April by mutual agreement to pursue new professional projects.
New dark offering is aimed at reducing latency arbitrage for clients following the exchange’s data centre migration, Euronext’s Simon Gallagher and Vincent Boquillon told The TRADE.
Following recent regulatory milestones in the UK and Europe, The TRADE explores Mifid II’s current state of play on either side of the channel.
Planned migration takes place alongside the move of Euronext’s data centre from the UK to Italy and the migration of its clearing operations to the Bloc.
The past week saw appointments from Euronext, Virtu Financial, ION Markets, XTX Markets, StoneX Group and KNG Securities.
New head joined Euronext two years ago, after spending 13 years at the London Stock Exchange Group, and Borsa Italiana before its eventual acquisition by Euronext.
Euronext says it has withdrawn the offer; Allfunds claims the terms of the proposal were “inadequate”.
The group could withdraw its offer rather than enter into a bidding war, sources close to the deal tell The TRADE.
Although the impact of the cyber-attack has been mitigated, the Commodity Futures Trading Commission (CFTC) has warned that its weekly Commitments of Traders report will remain delayed, while Euronext has also delayed derivatives reporting.
The TRADE sits down with the CEO of Euronext in his Paris office for a frank discussion on his ambitious expansion plans, his optimism for equity (now that the days of cheap debt are over) – and why he decided against acquiring Spain’s BME...