ICE is closing in on a deal to buy a 4% stake in Euroclear for around GBP200m from RBS, according to CityAM.
ICE completed the acquisition of the BofA Merrill Lynch's fixed income index platform, which will become part of ICE Data Services. Terms of the agreement were not disclosed but ICE said the financial impact of the transaction will be immaterial in 2017. The AUM benchmarked against the combined ICE fixed income index business will be nearly $1 trillion.
Nasdaq Dubai will launch futures on the DFM General Index after signing a license agreement with DFM. DFM plans to introduce regulated short-selling of equities to support increased liquidity in both equities and equity futures. Nasdaq Dubai recently signed a licence agreement to use MSCI’s regional indices in derivative products to be traded on Nasdaq Dubai. The exchange initially plans to develop futures contracts based on the MSCI UAE index.
NDAQ was awarded a patent for a proposed blockchain-based data matching system by the US Patent and Trademark Office.
DB1: EEX and China Beijing Environment Exchange (CBEEX) signed a MoU to form a strategic partnership for the joint development of the Chinese carbon market.
Calcutta SE is seeking an in-principle approval by the SEBI to set up a clearing corporation in India.
ETFC agreed to acquire Trust Company of America (TCA), a provider of custody services and support to financial advisers, for $275m. TCA, based in Denver, has $17 billion of institutional assets under custody introduced by 180 registered investment advisers.
Abu Dhabi : EquiChain, specialized in blockchain technology for capital markets, has been accepted into the Abu Dhabi Global Market (ADGM) Regulatory Laboratory (RegLab) programme. EquiChain’s proposition is to launch “EquiChain Exchange” (EQX), a fully regulated exchange for cryptographic IPOs and secondary market trading.
SEC approved CHX plan to introduce a new “speed bump”, according to WSJ.