The UK Competition and Markets Authority is investigating the proposed acquisition by Nasdaq Technology AB, a wholly-owned subsidiary of Nasdaq, Inc., of Cinnober Financial Technology AB.
Phase 1
Invitation to comment: closes 7 December 2018
23 November 2018: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
Contact
Please send written representations about any competition issues to:
Alex Hazell
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD
alex.hazell@cma.gov.uk
Source: CMA
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Options are 65% of derivatives volumes in traditional finance, but less than 5% in crypto.
-
Average daily volume grew 15% with record volume in interest rate, agricultural & metals contracts.
-
The exchange hit records across asset classes in the second quarter.
-
The platform is based on CONNEQTOR, developed by the Tokyo Stock Exchange and Fujitsu.
-
Minneapolis Hard Red Spring Wheat Futures are trading on the new platform.