NO 249 – NOVEMBER 2013

WFE Focus
Exchange consolidation news

Hellenic Exchanges and Athens Exchange sign draft merger agreement

On 23 September 2013, the Boards of Directors of the companies “Hellenic Exchanges Holding, Clearing Settlement and Registry” and “Athens Exchange” signed a Draft Merger Agreement, which was subsequently submitted to the General Commercial Registry.

ICE completes acquisition of NYSE Euronext

On 13 Nov. 2013, IntercontinentalExchange Group completed its acquisition of NYSE Euronext. The combination creates the premier operator of global exchanges diversified across a range of asset classes spanning interest rates, equities and equity derivatives, credit derivatives, bonds, foreign exchange, energy, metals and agricultural commodities. The combined company operates 16 global exchanges and five central clearing houses. ICE and NYSE Euronext businesses will continue to operate under their respective brand names. As previously announced, the company expects to conduct an IPO for the Euronext group of Continental European exchanges as a stand-alone entity, subject to market conditions and regulatory approvals.

Japan Exchange Group determines date of derivatives markets integration

As part of consolidating the functions of the subsidiaries of Japan Exchange Group, the JPX Group plans to integrate the derivatives market of the Tokyo Stock Exchange into that of Osaka Securities Exchange on 24 March 2014. In connection with this integration, the 20-year JGB futures will become available for trading from the morning session on 7 April 2014.