European exchanges launch JV for CTP tender
The joint venture (JV) participants include: BME, Deutsche Boerse Group, Euronext, Luxembourg Stock Exchange, and Nasdaq.
The joint venture (JV) participants include: BME, Deutsche Boerse Group, Euronext, Luxembourg Stock Exchange, and Nasdaq.
Just months before the planned integration, SIX has concluded the project would be too legally and technologically complex, The TRADE can reveal.
The exchange says without the effects of Worldline it would’ve seen a rise in group net profit of 37.3% on the previous year.
Following the acquisition of Spain’s BME, SIX has outlined plans to integrate the Spanish market onto its existing trading platform.
With the addition of Unicredit, BME Clearing now has 25 clearing members in the fixed income segment.
The new big data platform from BME will aim to reduce computing times and provide customised MiFID II-compliant reporting to clients.
Plans to integrate Spain’s BME with Swiss exchange group SIX are underway following closure of the transaction in June.
After confirming a bid to acquire BME in November, SIX has completed its acquisition of the Spanish stock exchange.
Euronext has pulled out of the race to acquire Spain's BME after SIX Group gained regulatory approvals for the takeover last week.
Spain’s CNMV has approved SIX Group’s bid to acquire BME following approval from the Spanish Economy Ministry earlier this week.