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  • Euronext To Acquire FastMatch And Expand Into Global FX Markets

    Date 23/05/2017

    • Acquisition of FastMatch, Inc. (“FastMatch”) – the fastest growing Electronic Communication Network (“ECN”) in the spot Foreign Exchange (“FX”) market with leading-edge technology, entrepreneurial spirit and access to a large, transparent and diversified pool of liquidity at unrivalled speed and capacity. After four years of consecutive growth, in Q2 to date FastMatch registered record ADV of $20.8 billion.
    • Key highlights of the transaction:
    • Acquisition of a c.90% interest in FastMatch for initial cash consideration of $153 million at closing (on a debt-free cash-free basis), a contingent earn-out payment for an additional $10 million and customary minority rights for the management of FastMatch that will remain committed to the development of the business and stay invested with a c.10% interest.
    • Fully financed acquisition through bank debt (pro-forma net leverage below 0.1x), transaction to maintain Euronext’s ability to pursue other external growth opportunities and will be immediately accretive to Euronext’s earnings.
    • Subject to customary regulatory and anti-trust approvals and expected to close in Q3 2017.
    • Enabling further growth potential through development in Europe, market data, and derivative products.
    • Transaction to strengthen Euronext’s product and geographic diversification and accelerate growth profile:
    • Combining FastMatch’s leading-edge technology, entrepreneurial spirit and talent with Euronext’s network, brand, neutrality and industry positioning.
    • Consistent with Euronext’s “Agility for Growth” strategy: capturing opportunity arising from the environment, accelerating growth through bolt-on acquisitions, enhancing agility and strengthening core offering of servicing the real economy.

  • NEX Optimisation Transforms Business To Better Serve Clients

    Date 23/05/2017

    • Business launches five new end-to-end solutions combining existing NEX Optimisation services
    • New solutions will be available on NEX Infinity
    • Andrés Choussy joins NEX Optimisation to lead Trade and Portfolio Management solutions pillar

  • Qatar stock Exchange Working Hours During Ramadan

    Date 23/05/2017

    On the occasion of the Holy Month of Ramadan, Qatar stock Exchange (QSE) is pleased to announce that the official business hours during the month of Ramadan will be from 9:00 AM till 2:00 PM.

  • Colt To Offer New Low-Latency Network Route Between Stock Exchanges In Tokyo And Chicago - Optimised Routes Will Enhance Exchange Venue Competitiveness And Continue Colt's Tradition Of Providing Secure And Reliable Trading Infrastructure To Capital Markets

    Date 23/05/2017

    Colt Technology Services has announced newly optimised low-latency network routes linking stock exchanges in Tokyo and the Chicago Mercantile Exchange, which will be available from May 23, 2017. Connectivity will be provided through the company's private Ethernet-based Colt IQ Network. Latency between Tokyo and Chicago will reach a speed of 121.07ms between each endpoint after network optimisation. In addition, the company has also commenced optimisation of other key routes in the Asia-Pacific region.

  • Shenzhen Stock Exchange Releases Guideline For Information Disclosure Of Civil Engineering And Construction Industry To Deepen Industry Regulation

    Date 23/05/2017

    In order to further regulate the information disclosure of listed companies engaging in civil engineering and construction industry, Shenzhen Stock Exchange (SZSE) has recently formulated and released the No. 7 Guideline of Shenzhen Stock Exchange for Industry Information Disclosure of Listed Companies Engaging in Civil Engineering and Construction Business.

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