News Centre

Euroclear UK & Ireland Cuts Fees For Growing Fund Business

Date 09/07/2012

Euroclear UK & Ireland (EUI) has cut its investment fund order-routing fees for both high- and low-volume clients with immediate effect. The tariff for 10,000 or more orders per year has been cut by 9%, rising to a reduction of 33% for clients routing over 25,000 orders per year through the EMX Message System.

mergermarket H1 2012 UK M&A Round-Up

Date 09/07/2012

Summary Overview

• UK M&A activity totalled £44.4bn in the first half of 2012, representing a 17.5% increase in deal value compared to H12011, and with £28.4bn this was the highest Q2 since Q2 2007 (£68.8bn).
• Energy, Mining and Utilities was the most active sector valued at £14.3bn for 26 deals. This was a 55.7% increase in dealvalue compared to H1 2011. The jump is largely due to GDF Suez’ acquisition of International Power for £6.8bn.
• Foreign investment into the UK accounted for 69.7% of all UK M&A in Q2 2012, valued at £19.8bn, and represented a 61%increase on Q1 2012. Inbound activity experienced its highest value in H1 2012 (£32.1bn) since the same period in 2008(£37.2bn).
• Outbound M&A recorded the lowest H1 since H1 2009 (£10.3bn) at £17.4bn. Outbound deals for Q2 2012 however increased by 85.2% to £11.3bn from Q1 2012 (£6.1bn).
• Having advised on three of the top five deals for H1 2012, Goldman Sachs retained its leading position advising on£26.9bn-worth of UK deals.
• Clifford Chance jumped from ninth to first place in H1 2012 after advising on 37 deals worth £25.6bn including the top four deals of the first half of the year.

Platts: Petrochemical Prices Continue 2Q Declines On Lower Oil Prices

Date 09/07/2012

Continuing the decline begun in early second quarter, prices in the $3-trillion-plus global petrochemicals market fell in June to an average of $1,104 per metric ton (/mt) for the month. June’s average price is down $175 or 14% from the May average, according to the just-released monthly average of the Platts Global Petrochemical Index(PGPI), a benchmark basket of seven widely used petrochemicals.

Ljubljana Stock Exchange Statistical Report For First-Half Year 2012

Date 09/07/2012

Please click here to download the LJSE statistical report.

Iberclear To Chair CSD Steering Group In The Governance Framework Of TARGET2 Securities

Date 09/07/2012

Jesús Benito, CEO of Iberclear, the Spanish Central Securities Depository and a BME subsidiary, today was appointed Chairman of the CSD Steering Group (CSG) in the governance framework of TARGET2 Securities (T2S). He was unanimously elected by the full members of the CSG for a renewable term of two years.

NYSE Euronext Announces New London Management

Date 09/07/2012

NYSE Euronext (NYX) today announced the restructured leadership team for its regulated exchange business (NYSE Liffe). 

Monetary Authority Of Singapore: Reply To Parliamentary Question On Impact Of Euro Zone Crisis On Singapore’s Banking Sector And Overall Economy

Date 09/07/2012

Date: For Parliament Sitting on 9 July 2012

Name and Constituency of Member of Parliament
Ms Low Yen Ling, MP for Chua Choo Kang GRC

Question:

To ask the Prime Minister (a) what is the level of exposure that Singapore has to European Union banks; (b) whether Singapore is prepared for banks deleveraging arising from the euro zone crisis; (c) what will the implications of deleveraging be on (i) our banks (ii) the availability of trade credit for our SMEs and companies and (iii) the domestic credit supply; (d) what kind of spillover effects and wider implications will the euro zone crisis have on our banking sector and overall economy; and (e) what measures does the Ministry have in place to mitigate its potential impact.

Thomson Reuters Agrees To Acquire FX Alliance Inc. (FXall), The Leading Multi-Bank Electronic Foreign Exchange Platform - Transaction Provides FX Community With An Integrated End To End Solution

Date 09/07/2012

Thomson Reuters (TSX / NYSE: TRI), the world’s leading source of intelligent information for businesses and professionals, has entered into a definitive agreement to acquire 100% of the shares of FXall for $22 per share in cash. FXall (NYSE:FX), is the leading independent global provider of electronic foreign exchange trading solutions to corporations and asset managers. Under the agreement, Thomson Reuters will launch a tender offer, which is subject to standard regulatory approvals, for the acquisition in the coming days. The FXall Board has unanimously resolved to recommend that all shareholders tender their shares into the offer.

Equiduct Launches Interoperable Clearing Services With EuroCCP

Date 09/07/2012

EuroCCP, the pan-European cash equities clearing house, today announced that its interoperable Central Counterparty (CCP) clearing is now live on Equiduct.

Xetra/FWB: IPO In Frankfurt For Chinese Company FAST Casualwear AG

Date 09/07/2012

FAST Casualwear AG (ISIN: DE000A1PHFG5) joined the Prime Standard of the Frankfurt Stock Exchange on 9 July. A total of 1,065,020 shares were placed at the IPO (1,000,000 of which were from a capital increase). The issue price was €5.00 and the initial listing price €5.00. The issue volume was €5.3 million.