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LSE and Maple sweeten TMX offers

The battle to woo TMX Group shareholders has heated up, with the London Stock Exchange sweetening its offer through a C$660 million special dividend, prompting rival suitor Maple to up its bid to C$50 a share.

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LCH.Clearnet poised to make Australia move

London-based clearinghouse LCH.Clearnet looks set to take advantage of recent regulatory changes and move into the Australian market, taking on ASX Clear.

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Glitches delay Nyse Euronext trading for second day

Computer glitches have hit trading in Nyse Euronext's European markets for the second successive morning.

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Bats acquisition of Chi-X Europe referred to Competition Commission

The UK's Office of Fair Trading (OFT) has referred Bats Global Market's planned acquisition of rival MTF Chi-X Europe to the Competition Commission.

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Nyse Euronext postpones LCH.Clearnet termination plans as M&A proposals play out

Nyse Euronext has postponed plans to terminate its clearing contract with LCH.Clearnet, leaving the door open to a longer-term agreement as consolidation trends grip the industry.

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Lederman loses LSE employment case

The London Stock Exchange has won a claim for damages brought against it by former Turquoise boss Eli Lederman.

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SunGard wins Asean trading tender

Sungard has won the tender to supply an electronic trading link between Bursa Malaysia, the Philippine Stock Exchange, Singapore Exchange and the Stock Exchange of Thailand.

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Maple consortium formally tables hostile bid for TMX

The Maple Group of Canadian pension funds and banks have formally presented their $3.7 billion hostile bid for TMX to the exchange's shareholders.

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LSE to provide tech for new Central and Eastern Europe CCP infrastructure

The London Stock Exchange has won a contract to provide the technology platform for a new cross-market central counterparty infrastructure in Central and Eastern Europe.

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European proprietary trading lobby group established

A group of proprietary trading firms have set up a European lobby group as they prepare for greater regulatory scrutiny of high-frequency trading.

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Deutsche Börse to buy SIX Group's Eurex stake

Deutsche Börse is set to take full control of electronic derivatives exchange Eurex, agreeing to buy out co-owner SIX Group for nearly EUR600 million in cash and shares.

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Equiduct out, Cinnober in for Spanish MTF Pave

Spanish MTF Plataforma Alternativa de Valores Españoles (Pave) has selected Cinnober as its technology partner after a previously announced deal with Equiduct fell through.

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BM&FBovespa moves to complex event processing for app innovation

Brazilian exchange operator BM&FBovespa is to implement complex event processing technology from Streambase to build a dynamic fleet of real-time, low-latency data applications.

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TMX gets approval for ATS; Maple looks to bring in new members

Canadian exchange operator TMX is set to launch an alternative trading platform next month after getting regulatory approval.

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Wall Street calls for more delays to Dodd-Frank rules

Financial market trade groups have written to industry regulators asking for more time to review new swap trading rules.

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XBRL US launches corporate actions taxonomy

XBRL US has finalised its corporate actions taxonomy and made it available for use.

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Banks push FIX for fixed income trading

The world's biggest sell-side banks have formed a working group to push the adoption of FIX connectivity for fixed income trading.

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Nyse Euronext to offer trading in the cloud

Nyse Euronext's tech unit has teamed with VMWare and EMC on a cloud-based platform offering capital markets participants secure, on-demand services.

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Instinet launches Australian dark pool

Electronic trading and brokerage giant Instinet has launched a liquidity pool for Australian equities.

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LCH.Clearnet swept up in global exchange M&A battle

Independent clearing house LCH.Clearnet has emerged as a prized asset for global exchanges gripped by M&A fever, with the clearer confirming that it has received numerous takeover or merger approaches over the past six weeks.