JD Supra: Mergers

OCTOBER 14, 2024

Federal Trade Commission (“FTC”) and Antitrust Division of the U.S. On October 10, 2024, the U.S.

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Trading 172

JD Supra: Mergers

OCTOBER 15, 2024

Effective mid-January 2025, the FTC’s new HSR notification process will significantly increase the burden and cost of filing M&A notifications under the HSR Act.

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JD Supra: Mergers

OCTOBER 11, 2024

On October 10, 2024, the Federal Trade Commission (“FTC”) published the final version of changes affecting Hart-Scott-Rodino (“HSR”) reporting requirements, which were the subject of a previous Notice of Proposed Rulemaking.

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Trading 167

Global Banking & Finance

FEBRUARY 29, 2024

Dell forecasts upbeat fiscal 2025 on AI server demand By Jaspreet Singh (Reuters) -Dell Technologies forecast annual revenue and profit above Wall Street estimates on Thursday, betting on demand for its artificial intelligence servers, sending the company’s shares up more than 16% in after-hours trading.

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JD Supra: Mergers

JANUARY 26, 2024

The Federal Trade Commission (FTC) announced its annual update to the Hart-Scott-Rodino (HSR) filing thresholds. The new thresholds will take effect 30 days after publication in the Federal Register and will remain in effect until the next annual change in early 2025.

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JD Supra: Mergers

FEBRUARY 8, 2024

The Federal Trade Commission ("FTC") announced that the Hart-Scott-Rodino ("HSR") Act filing thresholds will increase again in 2024. The higher thresholds are expected to take effect on March 6, 2024, and will remain in effect through early 2025. Annual increases in U.S. By: Jones Day

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The TRADE

FEBRUARY 29, 2024

The London Stock Exchange (LSEG) saw overall growth across its key businesses in 2023, with considerable improvement across data and analytics, capital markets, and in particular, post-trade. LSEG labelled 2023 an “outstanding” year for post-trade, having seen significant strategic progress. rise year-on-year as compared to 2022.

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The TRADE

JULY 3, 2024

The shift to T+1 in the US can largely be described as a success – affirmation rates remain comfortably high, fail rates have stayed reasonably low and FX trades don’t appear to have shifted to bilateral settlement as feared. Depending on the day of the week or the settlement cycle used it’ll be more expensive to trade.”

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The TRADE

JULY 18, 2024

The Green Impact Exchange (GIX) is on track to becoming the first sustainability-focused securities exchange in the US to file with the US Securities and Exchange Commission (SEC), and if approved, could begin operations in early 2025. It means your company is sincere in its motivation to follow through on those promises.

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The TRADE

MARCH 21, 2024

The European Securities and Markets Authority (ESMA) has released findings from an industry-wide settlement cycle consultation, presenting various viewpoints on exchange trading hours in the context of a shift to T+1. ESMA did note that, overall, views on whether T+1 should be pursued are “quite mixed”.

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Consulting Trading IT Investors 69

The TRADE

DECEMBER 29, 2023

All of these use cases should continue to proliferate next year, especially as we see the industry trend towards a heightened focus on trading costs, the rise of multi-asset trading and the continued liquidity demands. Credit trading provides a good example of the benefits, where RFQ negotiation and trading can all be automated.

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Trading Investors Risk Assessment Management 72

The TRADE

JULY 17, 2024

MIAX has gained approval from the US Securities and Exchange (SEC) for its new US options electronic exchange and physical trading floor, MIAX Sapphire. The physical trading floor is expected to go live in 2025 and will be the first national securities exchange to be established in Miami, Florida.

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Proprietary Trading Electronics Trading Media 64

The TRADE

OCTOBER 15, 2024

Tradeweb FTSE Closing Prices are expected be included in March 2025. The inclusion of Tradeweb’s benchmark closing prices in FTSE’s indices validates our continued commitment to develop the next generation of fixed income pricing and index trading products for traders and investors worldwide.”

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Government Trading Electronics Debt 64

The TRADE

JULY 18, 2024

Named Nasdaq Rates Trader, the new interface is aimed at enhancing the trading experience by offering access to Nasdaq’s data and trading functionality as part of a “front-end and feature advanced” workspace. “We The official go live is due to take place in October 2025. “We

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Electronics Trading Financial Services IT 52

The TRADE

SEPTEMBER 18, 2023

The FCA’s ‘supervisory strategy for Principal Trading Firms (PTF)’ letter – circulated to chief executives last month – highlighted five key areas of focus for the regulator for the next two years. The TRADE takes a look at what the FCA’s planned strategy means for the market empirically.

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The TRADE

MARCH 28, 2024

The UK’s Accelerated Settlement Taskforce has recommended a two-phased approach to shortening the settlement cycle beginning with operational changes in 2025 and a full transition by the end of 2027. More than 80 trade associations and industry participants have volunteered to support the Technical Group.

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The TRADE

AUGUST 22, 2024

TNS will offer users market data and order routing access in an ultra-low-latency trading environment. We’re proud to extend access for those seeking to trade on MIAX Sapphire from day one,” said Tom Lazenga, general manager, TNS Financial Markets.

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Equities Trading Electronics Financial Market 64

The TRADE

SEPTEMBER 5, 2024

Nikko Asset Management is set to rename itself as Amova Asset Management on 1 September 2025. The post Nikko Asset Management to rename as Amova Asset Management appeared first on The TRADE. ” Specifically, ‘Amova’ is an amalgamation of the concepts driving the business.

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Asset Management Management Business Trading 59

The TRADE

JULY 25, 2024

Turquoise and Plato Partnership have made the decision to bring their commercial relationship to a close in 2025. The deal brought the newly rebranded Turquoise Plato to market with the aim of developing efficiencies in the European equities block trading space. The pair have been in partnership since 2016.

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The TRADE

JUNE 5, 2024

First reported by Wall Street Journal, TXSE is aiming for a launch at the start of 2025 and host its first listing in 2026. The TRADE understands that BlackRock has taken a minority investment. The post BlackRock and Citadel Securities back new Texas-based challenger exchange appeared first on The TRADE.

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The TRADE

JULY 8, 2024

Set to launch in the fourth quarter, the VWAP-X service will be made available through block trading platform Cboe BIDS Europe and will give users a greater chance of sourcing and matching liquidity at a forward benchmark price. Trades will be reported in real time as off-book on-exchange executions.

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The TRADE

SEPTEMBER 27, 2024

A full copy of the report can be found here. The post UK T+1 taskforce publishes recommendations ahead of proposed 2027 switch appeared first on The TRADE.

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The TRADE

SEPTEMBER 25, 2024

The mood does seem to be positive around trying to do that, but there’s complexities in Europe given the number of CSDs and CCPs involved.” The post UK settlement taskforce pencils in October 2027 for T+1 switch appeared first on The TRADE.

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The TRADE

MAY 3, 2024

The Digital Token Identifier Foundation (DTIF) has announced an expansion to the scope of the Digital Token Identifier (DTI) to encompass regulatory reporting of crypto asset derivative trades across the G20. The post DTIF expands digital token identifier for crypto derivatives regulatory reporting appeared first on The TRADE.

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The TRADE

JUNE 21, 2024

The current timeline for the UK appears to include a plan being put in place in 2025 with the implementation of a T+1 settlement cycle in UK occurring no later than 31 December 2027. When we proposed the rule in February 2022, only about two-thirds (68%) of transactions were being affirmed on trade day.

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The TRADE

SEPTEMBER 19, 2024

Oaktree Capital Management has agreed to acquire Close Brothers Asset Management (CBAM) – the wealth management arm of Close Brothers – for an equity value of up to £200 million, set to be completed in early 2025 pending customary regulatory approvals.

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The TRADE

SEPTEMBER 23, 2024

The additional minimum pricing increment or ‘tick size’ will apply to the quoting of certain NMS stocks, while the reduction in access fee caps will be linked to protected quotations of trading centres. For Rule 612, Rule 610, and the round lot definition, compliance will begin on the first business day of November 2025.

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Stock Trading Shares Investors 75

The TRADE

MAY 15, 2024

Another notable development in progress is the establishment of a central counterparty clearing house (CCP) for the CSE, expected to be implemented in the first half of 2025. The post Sri Lanka to cut settlement cycle from T+3 to T+2 in June appeared first on The TRADE.

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Stock Equities Financial Market Trading 59

The TRADE

JULY 10, 2024

With the amount of US Treasury clearing activity processed through FICC expected to rise by $4 trillion daily following the SEC’s expanded clearing mandate which will be implemented in 2025 and 2026, DTCC’s calculator will be a key tool for firms to determine VaR and potential margin obligations for any simulated portfolio.

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Portfolio Risk Management Government Financial Services 64

The TRADE

JUNE 21, 2024

Once reporting requirements begin in 2025, Bloomberg stated that the new data offering will help to holistically inform the sustainability strategy of financial firms and will help with the sustainability reporting of their financing activities.

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Finance Finance Investment Corporation 64

The TRADE

APRIL 11, 2024

Beginning in 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers under the Digital Operation Resilience Act (DORA). The post ESAs to launch industry exercise ahead of next stage of DORA implementation appeared first on The TRADE.

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Insurance Securities Bank Banking 64

JD Supra: Mergers

MAY 23, 2024

The fiscal year (FY) 2025 budget proposed by the Federal Trade Commission (FTC) seeks a 20 percent increase from its FY 2024 budget and an additional 55 employees to help support its mission. By: Epstein Becker & Green

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The TRADE

AUGUST 23, 2024

The shortening of settlement cycles across markets and asset classes, combined with increasing trade volatility, is creating new pressures on manual operational processes for both buy- and sell-side participants across multiple trade lifecycle functions. AI has the potential to transform all stages of the trade lifecycle.

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Trading Architecture IT Risk Management 64

The TRADE

NOVEMBER 29, 2023

The Securities and Exchange Board of India (Sebi) plans to roll out an optional same-day settlement system in March next year as part of plans to introduce instantaneous settlement in 2025. The post India to roll out optional T+0 from March 2024 as part of roadmap to instantaneous settlement appeared first on The TRADE.

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The TRADE

JULY 1, 2024

The migration of the majority of client transactions in Switzerland to the UBS platform will take place in 2025 and will be gradual, with tailored updates to our clients,” said Sabine Keller-Busse, president of UBS Switzerland. “As The post UBS completes merger of UBS Switzerland and Credit Suisse (Schweiz) appeared first on The TRADE.

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Mergers Mergers and Acquisitions Economics Business 75

The TRADE

OCTOBER 20, 2023

The merger of its EU businesses is planned for 2025, according to the business, with client service at the forefront of the decision-making process. The post Mizuho set to merge European banking and securities businesses appeared first on The TRADE.

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Bank Banking Securities Business 64

Growth Business

APRIL 16, 2024

By Dom Walbanke on Growth Business - Your gateway to entrepreneurial success With the aim of bringing our readers an extensive UK business events, exhibitions and trade fairs diary, Growth Business will be continually updating this page as new events come onto our radar.

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