Exchange shorts: Nasdaq, Cboe, NSE & more

January 29, 2018 11:07 AM

Nasdaq (NDAQ): West Corporation Agrees to acquire NDAQ’s public relations solutions and digital media services businesses for approximately $335 million.

Deutsche Boerse (DB1): Eurex canceled the plan to establish a clearinghouse in Singapore and will shut down its Swiss operations as of March 31, due to new plans to centralise operations in Frankfurt. Reported by The Trade. DB1 is also expanding the historical building in the centre of Frankfurt, investing €18.5m until the start of 2020. Conference centre and interactive experience for the general public to be created.

Chicago Board Options Exchange (Cboe) will list Wednesday-expiring weekly options on the Cboe Mini-SPX Index (XSP), beginning January 30. As well, Cboe is being measured with other cryptocurrencies, after launching Bitcoin derivatives. 

DB1 repurchased 1,454 shares during the last week and 559,213 since 27-Nov within the framework of its ongoing share buy-back program.

The Investors Exchange (IEX) plans to launch IEX Enhanced Market Maker (IEMM) Program that introduces discounts to principal order flow. IEMMs hitting a specific tier will receive a 1 mil per share discount against their IEX trading fees in all symbols for all executions. There are two tiers: an "inside NBBO" tier and a "depth" tier.

Japan Exchange Group (JPX): Osaka Exchange will launch flexible derivatives options in 2018 as OTC rules tighten, according to Bloomberg.

European Network Exchange (ENX) London CEO, Lee Hodgkinson, will leave the company to become CEO of OSTC, a proprietary-trading firm; according to The Trade.

The National Stock Exchange of India (NSE) will finalize a list of commodity derivatives products to launch in next one or two months. SEBI announced that from October 2018 the country will have a unified exchange regime wherein stock exchanges will be allowed to offer trading in commodities derivatives, reported by The Economic Times.

U.S. authorities to put former UBS, Deutsche Bank and HSBC traders under arrest for spoofing in U.S. futures markets. The investigation is conducted by the CFTC, the DOJ and the FBI into manipulative trading behavior

Securities and Exchange Board of India (SEBI) would tighten net worth norms, introduce new shareholding rules and ease directorship conditions for stock exchanges, depositories and clearing corporations, reported by Live Mint.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at