Rumor has it that animosity at the top is behind NYSE Euronext Inc.’s rejection of Nasdaq OMX Group’s enhanced takeover bid, though a potential antitrust review would provide a more understandable pretext for refusal. If and when things ever… READ MORE ›
The frenzy of merger-related activity in the exchanges business shows no sign of abating. Last week, it was the turn of first BATS Global Markets and then NASDAQ/IntercontinentalExchange (ICE) to enter the fray — BATS with the announcement that… READ MORE ›
Traditional exchange markets in Europe have been buffeted in recent years by regulatory changes and new advances in trading technology. Market fragmentation has been the result, in which trading concentrated on traditional exchanges has given way to a new… READ MORE ›
Goldman Sachs has brought to Cboe Global Markets an exchange-traded fund that invests in US dollar-denominated fixed-income securities with effective durations of one year or less. The Goldman Sachs Access Ultra Short Bond ETF is actively managed. ETF (17 Apr.)
Bank of England Governor Mark Carney and Francois Villeroy de Galhau, governor of the Bank of France, have joined the Network for Greening the Financial System in signing an open letter that warns of the risks climate change poses to the global economy. The NGFS this week published its first comprehensive report on the matter. BBC (18 Apr.)
Intercontinental Exchange is considering approaching the New York Department of Financial Services for a token-custody license for the Bakkt platform in hopes of easing resistance from the Commodity Futures Trading Commission, sources say. State bank and trust licenses are recognized by the CFTC, but the regulator might still require a period of public comment. Bloomberg (tiered subscription model) (18 Apr.)
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