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World economy 14th February 2012

Deutsche Börse, NYSE Euronext turn to Madrid after failed merger attempt

MADRID | According to Capital Madrid, Deutsche Börse’s executives as well as NYSE Euronext’s are already seeking other growth options, after the European Commission blocked their merger earlier this month. The fact is that the initiative has turned differently in both parts of the Atlantic. As the Germans have sped up the negotiations held with other European stock markets, the New Yorkers are trying to convince investors that they are able…

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Markets 12th August 2011

Is Mr Tordable the Spanish financial markets’ death threat, or their saviour?

LONDON | City and local investors in PAVE, a new Spanish secondary trading platform, must be happy to have recently got Equiduct and EuroCCP on board. Equiduct will be the electronic service provider for PAVE’s stock operations. It will connect private equity firms in Spain to the Square Mile’s capital funds and brokerage houses, which according to PAVE will allow it to reduce position fees 66 per cent and stir competition in one of the, so far, most conservative capital markets of the European Union. On the other hand, the pan-European clearing house EuroCCP will provide central cash equity clearing.

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Markets 3rd May 2011

EU's Lehman-esque synthetic ETFs: don't you blame Wall Street again!

LONDON | Will we witness an official reaction this May after having appeared the first signs of what could become the European Lehman-esque virus? According to the latest Financial Stability Forum’s special report, “the recent rapid growth and innovation in the markets of exchange-traded funds warrants increased attention by regulatory and supervisory authorities, as well as by the exchange-traded fund industry including providers, market-makers and investors.”

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Markets 3rd May 2011

EU’s Lehman-esque synthetic ETFs: don’t you blame Wall Street again!

LONDON | Will we witness an official reaction this May after having appeared the first signs of what could become the European Lehman-esque virus? According to the latest Financial Stability Forum’s special report, “the recent rapid growth and innovation in the markets of exchange-traded funds warrants increased attention by regulatory and supervisory authorities, as well as by the exchange-traded fund industry including providers, market-makers and investors.”