NO 249 – NOVEMBER 2013

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Corporate news

Deutsche Börse acquires stake in GMEX Group

Deutsche Börse has purchased a minority stake in Global Markets Exchange Group International (GMEX Group). GMEX Group is a London based exchange business focused on the launch of a suite of new products, including original interest rate swap futures contracts, derivatives indices and emerging markets exchange business partnerships enabled by multi-asset trading technology.

Dubai Financial Market appoints new chairman

The Dubai authorities have issued a decree appointing Essa Kazim as Chairman of the Dubai Financial Market.

Global Board of Trade renamed Borsa Africa

The Global Board of Trade, one of the Mauritius exchanges, has been renamed Bourse Africa. The new entity is licensed and regulated by the Financial Services Commission and is the first international multi-asset class exchange from Mauritius that offers trading on commodity derivatives, African and global currency derivatives, African equity index derivatives and CFDs on commodities and currencies.

London Stock Exchange Group’s LCH.Clearnet announces appointment of new CEO

LCH.Clearnet, a London Stock Exchange Group’s subsidiary and multi-national clearing house, appointed Suneel Bakhshi as its new Chief Executive Officer. Subject to final regulatory approval, Suneel Bakhshi is expected to join the organization in early 2014.

Tel Aviv Stock Exchange appoints new CEO

The Tel Aviv Stock Exchange’s Board of Directors appointed Mr. Yossi Beinart as TASE new CEO. Mr. Beinart replaces Ms. Ester Levanon, who is leaving her post at the end of the year.