12/05 Exchange Newswire

DB1 will implement a further €200m share buyback during 2018. The buyback follows the existing €200m share buyback programme commenced on 27-Nov. DB1 currently has €800m of available cash resources.

LSE: TCI circulated a presentation saying “shareholders have lost faith in Donald Brydon as chairman” as “the LSE dismissed a world class CEO without providing any good reasons”, according to FT. TCI added that “Donald Brydon has a long track record of dismissing chief executives; it will be difficult to find a new world class CEO to serve under Donald Brydon.”

DB1: BGC Partners, Bloomberg, TP ICAP’s i-Swap, Tradeweb and Tradition’s Trad-X are each seeking to become an ‘Approved Platform’ as part of the Eurex Clearing Partnership Program framework. This program rewards interest rate swap price makers for providing competitive Eurex prices to both the interbank and end-user market via execution platforms.

DB1 announced Xetra is ready to meet MiFID II requirements.

CME President of post-trade and clearing Kim Taylor will retire at the end of the year. She worked at CME for 28 years.

HKEX CEO Charles Li joined top Hong Kong official Carrie Lam and financial secretary James Lau to met Saudi Arabian King Salman in Riyadh. The officials discussed "areas of cooperation and means of developing them in various fields," according to Reuters. Li said last week that a Hong Kong listing would help secure Chinese demand for Aramco's share sale.

LSE: the Italian Derivatives Market (IDEM) launched FTSE Italia PIR Mid Cap Futures. The underlying index tracks the performance of Italian companies that comply with the Piani Individuali di Risparmio (PIR) law introduced in Italy in 2017. Exane and Societe Generale will act as market makers.

LSE appointed Val Rahmani as Independent Non-Executive Director, with effect from 20-Dec.

SGX, together with the Association of Banks in Singapore (ABS), the Institute of Singapore Chartered Accountants (ISCA), the Law Society of Singapore and the Singapore Institute of Directors (SID), is launching a guide on the prevention of insider trading.

MOEX began offering Sponsored Market Access (SMA) to resident and non-resident clients of market participants. The SMA technology allows direct access to trading on MOEX's Equity & Bond Market. MOEX plans to begin offering sponsored access for trading derivatives in 2018. SMA has been available on the MOEX FX Market since August 2015.

European Commission recognized some US trading venues as eligible for compliance with the EU trading obligation for derivatives. Today's decision will ensure that EU counterparties can continue to trade the most liquid derivatives instruments on US platforms once MiFID II rules come into effect. The CFTC is also working towards exempting certain EU-authorised trading venues from registration requirements in the US. It will enable EU platforms to offer trading services to US counterparties.

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