Deutsche Boerse Group (DB1) repurchased 72,597 shares during the last week and 434,071 since Nov. 27 within the framework of its ongoing share buy-back program.
Nasdaq's (NDAQ) Stockholm has been given a waiver until 2020 by the Swedish regulator from having to comply with the “open access” rule under MiFID II. It joins ICE Futures Europe, London Metal Exchange, Eurex and Deutsche Boerse, which were given similar waivers.
Nasdaq ISE (NDAQ ISE) filed a request with the SEC to raise non-transactional fees on its primary and competitive market makers. Primary market makers (PMM) will pay a $5,000 monthly access fee, up from the current $4,000 per month. Competitive market markets (CMM) will pay $2,500, up from $2,000 per month.
Chicago Board of Exchange (CBOE) CCO in Europe, David Howson "the real story of MiFID has yet to play out” as most fund managers and traders will be forced to modify how they trade stocks when MiFID II’s dark-pool limits take effect on Friday, January 12, according to Bloomberg. Rosenblatt estimates that 72% of European stocks will be affected by the caps on dark pool trading.
The Stock Exchange of Hong Kong (HKEX) plans to sell investment fund products. The Hong Kong Investment Funds Association, the Securities and Futures Commission and HKEX are working on the launch the of the new exchange platform. Also, HKEX CEO Charles Li said the exchange is considering rule changes to boost liquidity and trading. Measures would include the introduction of rebates to market makers, simplified rules for using collateral across multiple positions, and the removal or reduction of stamp duty charges. Some of the changes will require approval from the securities regulator or government.
Intercontinental Exchange (ICE): NYSE filed with the SEC to list five bitcoin-related ETFs.
Demegem (DBOT) launched a Blockchain-powered crowd funding and secondary market ATS focused on SEC registered OTC securities. The ATS will support cryptographic tokens for securities. The solution will be an all-in-one system that supports a multi-tenant issuing portal, secondary trading and a blockchain ledger. DBOT says it will reduce transaction cost and settlement time compared to current portals for crowd funded equities issued under Regulation A+.
TP ICAP acquired US commodity broker SCS Commodities.