Derivs - Equity

Several participants familiar with the London Stock Exchange Group's (LSEG) bid to buy Refinitiv are unimpressed by Hong Kong Exchanges and Clearing's (HKEX) £31.6bn bid for the LSEG itself and believe it unlikely to tempt shareholders. Silas Brown and Karoliina Liimatainen report.

SMBC Nikko Capital Markets has replaced Bloomberg’s sell-side execution and order management solutions (SSEOMS) platform with the Itiviti order management system.

Hong Kong Exchanges and Clearing has made an unsolicited £32bn bid for the London Stock Exchange Group, a move that could torpedo the LSE’s acquisition of Refinitiv.

European stock exchange operator Euronext suspended trading in various equity derivatives contracts on Monday because of a technical issue.

Arié Boleslawski has joined Natixis to run its equities business.

The Options Clearing Corporation (OCC) is to pay $20m in penalties and undertake remedial efforts as part of a settlement with the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC).

Hong Kong Exchanges and Clearing (HKEX) suspended trading in its derivatives market on Thursday amid connectivity issues.

TP ICAP has named Amir Zaidi, a respected former senior figure at the US Commodity Futures Trading Commission (CFTC), as its global head of compliance.

The Financial Stability Board has appointed Ryozo Himino as chair of its standing committee on supervisory and regulatory cooperation.

Buy and sell-side firms have rejected suggestions that they should have to post additional margin or participate in default funds in the aftermath of last year’s default at Nasdaq clearing.

The World Federation of Exchanges has warned that the European regulator’s proposals for EMIR 2.2 risk fragmenting global markets, raising costs for end users and damaging international relations.

TP ICAP has appointed Michel Planquart as regional CEO for EMEA, giving him oversight of risk and governance for the region.