Deutsche Boerse Reaffirms Plan to Buy LSE After Brexit Vote
(This article originally appeared on Bloomberg)
Deutsche Boerse AG and London Stock Exchange Group Plc, whose planned combination is among the biggest deals between European companies right now, reiterated that they will proceed with the tie-up despite the U.K.’s decision to leave the European Union.” LSE’s shares slumped 13 percent to 2,375 pence at 8:29 a.m. in London, giving the exchange operator a market capitalization of $12.9 billion. Deutsche Boerse’s stock dropped 7.1 percent to 75.83 euros in Frankfurt.
Trade associations have asked for an extension of the temporary equivalence decision for UK CCPs.
Temporary equivalence is set to expire on June 30 2022.
IRS trading volumes have fragmented without an equivalence agreement.
Most EU member states had an increase in bankers earning more than €1m.
A structured home-office work mix can optimize a trading desk's efficiency, Fidelity's Tom Stevenson writes.