Switzerland's SIX looks at potential $2 billion sale of payments unit

SIX Group hired JPMorgan to look at options for its payments unit, including a majority or minority sale or an IPO, according to Reuters. SIX payment unit may be worth around $2 billion Swiss francs, Reuters added.

 

DB1: supervisory board’s support for CEO Carsten Kengeter is weakening, according to Reuters.

 

CME will launch spot FX basis spreads called ‘CME FX Link’ on CME Globex. This will create the first CLOB between the OTC spot FX and CME FX futures markets. The CME FX Link enables trading of an OTC spot FX contract and a CME Group FX futures contract via a single spread trade on CME Globex. It is expected to launch in Q1 2018.

 

ICE Benchmark Administration (IBA) expects to start administering the London Bullion Market Association (LBMA) Silver Price benchmark and operate the underlying auction from 2 October 2017.

 

HKEX is exploring the creation of “Primary Connect”, a programme which would allow mainlanders to subscribe for new shares listing in Hong Kong, according to South China Morning Post.

 

HKEX: Trading Technologies’ execution and client connectivity services are now available at HKEX data center.

 

IBKR invested in Chinese online brokerage start-up Tiger Brokers.

 

Citadel Securities hired Daniel Gottlander as head of swaps trading. Gottlander joins from Citigroup.

 

Sun Trading is up for sale, according to FT.

 

QuantHouse will acquire Victory Networks, a provider of high-speed networks.

 

Colt Technology named current CTO Rajiv Datta as its new COO, reporting directly to CEO Carl Grivner.

 

Powernext, the Austrian Central European Gas Hub AG (CEGH) and Power Exchange Central Europe (PXE) plan to launch the PEGAS CEGH Czech Gas Market. All spot products and futures contracts currently available on the PXE gas market will be opened on PEGAS on the 8th December 2017.

 

CFTC Chairman J. Christopher Giancarlo appointed Matthew B. Kulkin to serve as Director of the CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO). Kulkin comes to the CFTC from the law firm Steptoe & Johnson LLP, where, as a partner, he advised financial market participants on legislative and regulatory issues.

 

SEC disclosed that the Edgar Corporate Filing System was hacked in 2016. Hackers may have traded on the information.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters’ Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com. 

Equity Research Desk (www.erdesk.com) provides fundamental analysis of global capital markets related entities to support the investment process of buy-side analysts at hedge funds and traditional money managers. The company focuses its coverage on securities exchanges, discount brokers, trading platforms, asset managers, financial-related technology companies and intellectual property assets in the US, Europe, Asia, and Latin America.