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Thyssenkrupp CFO: Spin-off of marine division possible in 2026

Global Banking & Finance

FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp is working on a spin-off of its warship division after private equity firm Carlyle dropped out as a bidder last week, the group’s CFO said, flagging 2026 as a realistic time frame for when such a move could happen.

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IEX firms up launch date for new options exchange

The TRADE

IEX has firmed up the date for its new options exchange, IEX Options, set to be launched by Q2 2026, pending regulatory approval. Following the announcement of the launch last year, the firm also stated that minimal effort will be required to onboard current members of its equities exchange onto the new venue.

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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

First reported by Wall Street Journal, TXSE is aiming for a launch at the start of 2025 and host its first listing in 2026. Texas has been noted by market participants as an increasingly significant market in North America and globally, playing host to around 5000 private equity-backed firms and 1500 publicly listed firms.

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05-19-2023 Newsletter: TONIGHT ONLY: $99 Buyside Starter Kit

OfficeHours

If you’ve ever thought that Buyside might be for you — whether it be Growth Equity, Private Equity, Hedge Funds, Corporate Development, Venture Capital, etc. Click here to access our pricing page and use the code BUYSIDESTARTER at checkout… … Expires at 11:59PM EST TONIGHT ONLY! = NOW is the time to prepare!

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European Parliament’s approval of Mifid/Mifir revisions a starting gun for change

The TRADE

For a member state where PFOF is currently allowed, they will continue to be able to offer this until 30 June 2026, after which it will be phased out. In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape.

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BP Ventures to invest $200m in dozen green energy startups

Growth Business

BP Ventures, the corporate venture capital arm of the energy giant, expects to plough more than 90 per cent of its spending between 2023 and 2026 into the company’s five “transition growth engines” of bioenergy, electric vehicle charging, convenience, hydrogen and renewables and power.

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Retail boost is driving volumes off-exchange, Liquidnet finds

The TRADE

Retail traders typically follow equity performance closely – a trend dating back to 2021. According to Liquidnet’s review, pressure put on equities throughout the course of this year has presented retail traders with a number of “valleys” that offer large percentage gains on specific stocks.

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