Exchange shorts: Cboe,ICE, HKEX & more

January 18, 2018 10:04 AM

Intercontinental Exchange (ICE) and Blockstream launched the Cryptocurrency Data Feed, that offers real-time cryptocurrency information and will initially include data from more than 15 cryptocurrency exchange venues globally.

European Network Exchange (ENX) acquired 80% of InsiderLog, a Stockholm-based provider in the field of insider list management, for a cash consideration of €5.8m, plus an earn-out payment depending on future financial performance. InsiderLog automates the management of insider lists ensuring compliance with the requirements of the Market Abuse Regulation (MAR).

Bolsas y Mercados Argentinos SA's (BYMA) CSD, Caja de Valores, plans to sell its mutual guarantee company Garantía de Valores SGR, according to El Cronista.

Deutsche Börse Group (DB1): the Central Bank of Iran (Bank Markazi) filed a complaint against Clearstream Banking S.A., Luxembourg seeking the restitution of assets of Bank Markazi which are held on accounts of UBAE and Bank Markazi with Clearstream totaling USD 4.9 billion plus interest. The amount sought include USD 1.9bn that were turned over to US plaintiffs pursuant to a 2013 binding and enforceable US court order in a proceding to which Bank Markazi was a party. The claim also addresses customer assets of USD 2bn, which include assets that are currently subject to US and Luxembourg litigation brought by US plaintiffs.

Chicago Board Options Exchange (Cboe): the SEC approved Cboe's proposed alternative to closing auctions in U.S. equities. The Cboe Market Close will execute trades using the closing price set on the primary exchanges. NYSE and Nasdaq along with fund managers such as T Rowe Price, listed companies including FedEx and index calculators had expressed concern about Cboe proposal to the SEC.

The Stock Exchange of Hong Kong (HKEX): LME hired Robin Martin as head of market development. Robin Martin has been managing director for market infrastructure at the World Gold Council.

The National Stock Exchange of India (NSE) asked the Stock Exchange of Singapore (SGX) to delay launch of single-stock futures on Indian companies, to give it time to arrest the slide back home. SGX planned to launch single-stock futures on 5-Feb. Reported by Bloomberg.

Dubai Financial Market (DFM) launched the Allocation Account mechanism to enable brokerage firms to use a combined account with the clearinghouse in order to execute buy and sell transactions of securities on behalf of their clients, provided that such transactions shall be allocated to the clients' accounts during a 45 minutes allocation period. The new service facilitates the participation of international fund managers.

National Commodity & Derivatives Exchange (NCDEX) appointed Mr Vijay Kumar Venkataraman as the new managing director and CEO for a period of three years.

Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo appointed Maggie Sklar as his Senior Counsel. Prior to joining Chairman Giancarlo’s office, Sklar served as an Associate Director in the Office of International Affairs (OIA) at the CFTC.

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