News Centre

European Parliament - Article 50: How The Future Of EU-UK Relations Will Be Decided

Date 29/03/2017

The UK government announced today it is invoking article 50 of the Treaty of the EU, which serves as formal notification of its intent to withdraw from the Union. Starting today the UK and the EU have two years to negotiate a withdrawal agreement. In addition the two will need to start determining the future trade relations, though this is expected to take significantly longer. Read on to find out more about the procedure and the role played by Parliament.

European Commission Clears Post-Mandate Activities For former Commissioner Jonathan Hill, Subject To Conditions

Date 29/03/2017

The Commission approved today the appointment of former Commissioner for Financial Stability, Financial Services and Capital Markets Union, Jonathan Hill, to two positions.

Video: Arrival Of UK Permanent Representative To The EU To Deliver Article 50 Letter

Date 29/03/2017

Arrival of Tim BARROW, Permanent Representative of the United Kingdom to the EU, on 29 March 2017 in Brussels.

OCC Appoints Two New Members To Board Of Directors

Date 29/03/2017

OCC, the world's largest equity derivatives clearing organization, today announced that Andrej Bolkovic, CEO of ABN AMRO Clearing Chicago LLC, and Jamil Nazarali, Head of Execution Services at Citadel Securities, have joined the board of directors as Member Directors. Bolkovic was appointed to fill a vacancy for a term ending in 2017 created by the departure of John Ruth, and also was nominated for election this year. Nazarali was appointed to fill a vacancy created by the departure of George S. Fischer with a term ending in 2018.

Proposed Sale Of LCH SA To Euronext N.V

Date 29/03/2017

LCH Group notes the announcement by London Stock Exchange Group plc (“LSEG”), Deutsche Börse AG (“Deutsche Börse”) and HLDCO123 PLC that the European Commission has officially notified them of its decision to prohibit the recommended all-share merger between LSEG and Deutsche Börse on the basis of the EU Merger Regulation. As a consequence of the termination of the Merger, LCH Group confirms that the proposed sale of LCH SA by LSEG and LCH Group to Euronext N.V. will also terminate in accordance with its terms.

Remarks By President Donald Tusk Following The UK Notification - "What Can I Add To This? We Already Miss You"

Date 29/03/2017

So, here it is, six pages: the notification from Prime Minister Theresa May, triggering Article 50 and formally starting the negotiations of the United Kingdom's withdrawal from the European Union. There is no reason to pretend that this is a happy day, neither in Brussels, nor in London. After all, most Europeans, including almost half the British voters wish that we would stay together, not drift apart. As for me I will not pretend that I am happy today.

Cantor Fitzgerald Adds Lance Vegna To Lead Global Portfolio Solutions Team

Date 29/03/2017

Cantor Fitzgerald, a leading financial services firm, today announced the addition of Lance Vegna to head its Portfolio Solutions team globally. Mr. Vegna will be a Managing Director, based in New York.

RWE Extends EEX Market Making Agreement To Spanish, French And Italian Power

Date 29/03/2017

The European Energy Exchange (EEX) has welcomed RWE Supply & Trading GmbH as a market maker for the Spanish, French and Italian Power Futures Markets. Under the new agreement RWE Supply & Trading will promote liquidity in these markets by providing bid-offer spreads for Baseload Month, Quarter and Year contracts in the order book.

European Commission - Fact Sheet - Article 50 Of The Treaty On European Union – Q&A

Date 29/03/2017

Correction: DTCC’s Omgeo ALERT Completes Enhancements To Become Industry’s SSI Utility, Increases SSIs By 15% - Introduces Omgeo ALERT Automating SSIs Together (ASSIsT) Program - Readies Industry For U.S. T+2 Go-Live In September 2017 And Implementation Of MiFID II in January 2018

Date 29/03/2017

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its Omgeo ALERT (ALERT) solution, a global repository for storing standing settlement instruction (SSI) data, has completed enhancements to become the industry’s single and centralized ‘SSI Utility.’ With 6.6 million settlement instructions as of year-end 2016, an increase of 15% over 2015, DTCC remains committed to driving the industry towards automating and replacing onerous, manual processes.