OCC overhauls legacy clearing system with Cinnober
The Options Clearing Corporation will replace its current clearing system with the help of Cinnober.
Tag: Nasdaq
Nasdaq wins approval from shareholders for $220 million Cinnober takeover
Nasdaq now controls 98.2% of the total shares in Cinnober after shareholders approve increased bid of $220 million.
Major US institutions to rival NYSE and Nasdaq with launch of ‘low-cost’ exchange
Morgan Stanley, Virtu Financial, Citadel Securities, UBS and Fidelity Investments are among the firms looking to establish a low-cost, transparent equities exchange.
SEC approves controversial transaction fee pilot for stock exchanges
Securities and Exchange Commission unanimously approves a one-year programme, known as the transaction fee pilot, as part of a review of the ‘maker-taker’ trading system.
Nasdaq significantly improves acquisition offer for Cinnober amid CMA probe
Initial offer of SEK 75 per share made in September increased to SEK 87 as Nasdaq seeks to tie up deal for Swedish technology provider.
Nasdaq launches exchange for US corporate bonds
Nasdaq US corporate bonds exchange launches after receiving SEC approval last month.
Nasdaq targets alternative data with Quandl acquisition
Nasdaq has acquired alternative data provider Quandl as the exchange group diversifies its technology and analytics offering.
US stock exchanges to close on 5 December for Bush day of mourning
NYSE, Nasdaq, CME Group and Cboe Global Markets will close on 5 December to honour former President George H. W. Bush.
Nasdaq’s Friedman elected to sit on New York Federal Reserve board of directors
Chief executive of Nasdaq Adena Friedman has been elected to sit on the board of directors at the Federal Reserve Bank of New York.
UK competition regulator investigates Nasdaq’s Cinnober acquisition
The UK’s Competition and Markets Authority has invited comment on Nasdaq’s proposed acquisition of Cinnober.