Deutsche Bourse and Celent mull the future of fintech in capital markets.
The public exchange offer made by HLDCO123 PLC, London, United Kingdom, to the shareholders of Deutsche Börse AG, Frankfurt am Main, on 1 June 2016 for acquiring all registered no-par-value shares in Deutsche Börse AG is subject to a minimum acceptance threshold of 75% of the shares in Deutsche Börse AG.
Deutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals.
Deutsche Börse AG welcomes the London Stock Exchange Group plc (LSEG) shareholders’ approval on the recommended all-share merger between LSEG and Deutsche Börse.
At the Court Meeting and the London Stock Exchange Group plc ("LSEG") General Meeting held earlier today in connection with the recommended all-share merger between LSEG and Deutsche Börse AG ("Deutsche Börse") (the "Merger"), to be implemented through a new UK TopCo holding company ("HoldCo") which will acquire LSEG by way of a scheme of arrangement of LSEG under Part 26 of the Companies Act 2006 (the "Scheme") and will acquire Deutsche Börse (the "Deutsche Börse Acquisition") by making a securities exchange offer to all shareholders of Deutsche Börse, the LSEG Shareholders approved all the resolutions proposed at both meetings by the requisite majorities.
Nasdaq (NDAQ) today announced the completion of its acquisition of International Securities Exchange, an operator of three electronic options exchanges, from Deutsche Börse Group.
The Brexit fallout continues, with concerns rising that Visa might move hundreds of jobs out of the UK, the London Stock Exchange's merger with Deutsche Bourse could be hampered, and the City's role running euro clearing is under threat.
Since June, Deutsche Börse Managed Services provides the IT infrastructure for the trading platform of German private bank Donner & Reuschel.
Deutsche Bourse is to set up a dedicated fintech venture fund, DB1, to invest in early to growth stage companies operating in the capital markets arena.
The London Stock Exchange says that its planned merger with Deutsche Boerse could see up to 1250 jobs axed as the combined firm bids to make hundreds of millions of euros in cost savings, partly through technology.
© Finextra Research 2016