Depositories

375 articles tagged with this keyword

/Depositories

Icap consortium makes EUR830m LCH.Clearnet bid - FT

A consortium of 11 banks and interdealer broker Icap has launched an EUR830 million bid for LCH.Clearnet just weeks after the Depository Trust and Clearing Corporation called off its pursuit of the London clearing house, according to the Financial Times.

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LCH.Clearnet agrees competitive clearing deals

Just days after revealing swinging price cuts, LCH.Clearnet has stepped up the pressure on rivals by agreeing new competitive clearing offerings for European MTFs Bats Europe, Chi-X, Turquoise and Nyse Arca Europe.

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LCH.Clearnet slashes clearing costs

LCH.Clearnet is to slash its fees by a third as it responds to the arrival of fresh competition inspired by an EU-mandated Code of Conduct for European clearing agreed last year.

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DTCC calls off LCH.Clearnet merger

The Depository Trust and Clearing Corporation has called off its pursuit of LCH.Clearnet after the parties failed to reach agreement over a proposed transatlantic merger.

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LCH.Clearnet recruits BarCap's Joe Reilly to lead SwapClear

LCH.Clearnet has recruited Joe Reilly from Barclays Capital to head up its SwapClear over-the-counter interest rate clearing unit.

/Depositories

LSE abandons exchange traded CFDs project

The London Stock Exchange (LSE) has abandoned plans to launch an exchange traded contract for difference (ETcfds) service following discussions with bank and broker clients.

/Depositories

LSE debuts post-trade routing technology

The London Stock Exchange is to debut its new post-trade routing technology X-TRM as it launches a Central Counterparty (CCP) service for trading in the 50 most liquid Depositary Receipts (DRs) on the LSE's International Order Book (IOB).

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CME delays CDS clearing launch as search continues for investors

The Chicago Mercantile Exchange has delayed the launch of its clearing counterparty for credit default swaps as it seeks to attract investment and liquidity promises from the dealer community.

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LSE pulls out of LCH.Clearnet consortium

The London Stock Exchange has pulled out of a consortium of banks led by inter-dealer broker Icap that is considering a takeover bid for LCH.Clearnet. The independent clearer says it has had extensive talks with the consortium but that it is still awaiting an offer.

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Eurex in talks to sell CDS clearing stakes

Swiss-German derivatives exchange Eurex says it is in advanced talks to sell stakes in its forthcoming credit default swaps clearing house.

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LCH.Clearnet mulls buying out investors - FT

London clearer LCH.Clearnet is considering buying out its shareholders and converting into a user-owned utility in a bid to fend off a takeover bid from an Icap-led consortium of banks, according to the Financial Times.

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ICE wins Fed approval for CDS clearing; Eurex to concentrate on Europe

IntercontinentalExchange (ICE) has received regulatory approval from the Federal Reserve to serve as a clearing house and central counterparty for credit default swap (CDS) transactions.

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Asean exchanges collaborate on e-trading link

Stock exchanges in Malaysia, Indonesia, Singapore, Thailand and the Philippines have signed a Memorandum of Understanding (MOU) to form an Asean direct market access electronic trading link.

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LSE revealed as core member of LCH.Clearnet bid consortium

The London Stock Exchange (LSE) has been revealed as a participant in the consortium of inter-dealer brokers and investment banks that is considering a cash offer for LCH.Clearnet.

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LCH.Clearnet to develop eurozone clearing house for credit default swaps

LCH.Clearnet has announced plans to launch a clearing service for credit default swaps in the Eurozone by December 2009.

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SIX- x-clear and EMCF to offer competitive clearing

SIX x-clear and Dutch central counterparty EMCF have signed a Memorandum of Understanding to offer competitive clearing across multiple stock exchange venues.

/Depositories

Icap-led consortium preps counter-bid for LCH.Clearnet

UK interdealer broker Icap is part of a consortium of firms mulling a bid for LCH.Clearnet, in a move that could destabilise an agreed takeover of the London clearing house by the US-based Depository Trust and Clearing Corporation.

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DTCC plans real-time trade guarantee

The Depository Trust & Clearing Corporation (DTCC) has outlined plans to implement a real-time trade date guarantee for equity and corporate and municipal bond transactions, as it looks to ease concerns among market participants over security of settlement.

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Quadriserv and Eurex Clearing team on transatlantic CCP for securities lending

Eurex Clearing is partnering North America's Quadriserv to offer central counterparty (CCP) clearing and settlement services for securities lending of European equities.

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European Commission ready to mandate central clearing for CDS deals - Reuters

The European Commission is set to introduce legislation forcing market participants to adopt central clearing of credit derivatives transactions, an anonymous source from the EU's executive body has told Reuters.