CNMV: Spain’s stock market regulator will extend a short-selling ban for another three months until January 31, Reuters reported. According to a CNMV statement, “the bank restructuring process is still not completed, leading to uncertainty about the sector, which could affect financial stability. In this context, not banning short-selling could add to uncertainty.”
BATS Chi-X Europe launched Lit Sweep and Dark Sweep inter-book order types. Members can send aggressive orders to CXE, BXE, or BATS Chi-X dark pools and then rest the remaining part of the order in either CXE or BXE.
SIX Swiss Exchange introduced Market Quality Metrics (MQM) in bonds. Market participants can now view and analyze the historical availability of quotes, the daily average bid/ask spreads as well as the average size of offered rates on both sides of the order book.
NDAQ acquired the Mergent indexing business, the Financial Times reported. No financial deal terms were disclosed, and assets of ETFs licensed by NDAQ are estimated to increase by 30% due to the acquisition.
LSE’s proposed acquisition of LCH.Clearnet received French regulatory approval, the Financial News reported.
ICAP rebranded its legacy Plus Exchange, the listing board for SMEs, as ICAP Securities & Derivatives Exchange (ISDX). ICAP added Peel Hunt and Shore Capital as leading market makers in the largest stocks. It may also design a new listing admission framework with stricter standards by 2013.ICAP appointed a new management team for ISDX led by Seth Johnson.
CBOE reported adj. diluted EPS of $0.43 (-14% y/y), on total operating revenues of $128.3m (-11% y/y), and total operating expenses of $67.5m (-2% y/y). CBOE’s Board of Directors declared a 4Q12 dividend of $0.15, payable on December 21, to shareholders on record on November 30.
ITG announced the launch of POSIT Match, a new point-in-time match for U.S. equities. POSIT Match will take place daily at 9:45 AM Eastern Time, starting on Friday, November 16. POSIT Match serves institutional investors seeking quality block liquidity early in the trading day.
JSE added silver and platinum quanto futures to its existing gold, copper and brent products.
ITG reported 3Q12 EPS of $0.01, down from $0.25 per diluted share for 3Q11. Results included a $0.03 per diluted share income tax benefit from resolving a contingency in the U.S. 3Q12 Revenues were $119.6 million, compared with $149.4 million a year ago. ADV was down 18% Y/Y to 172.3 million shares. Expenses declined 10% Y/Y to $119.4 million. ITG repurchased 500,000 shares in 3Q12.
FSA published new rules requiring Self-Invested Personal Pensions operators to provide Key Features Illustrations to consumers and show how charges impact upon a consumer’s investment return. The FSA is also requiring scheme operators to disclose any interest or commissions they receive from banks, so that consumers are left in no doubt about the profits operators keep.
Financial Stability Board (FSB) said that the market infrastructure is in place and can be scaled up, and does not appear to be an impediment to meet G20 commitments; the international policy work on the four safeguards for global clearing is substantially completed and implementation is proceeding at a national level; regulatory uncertainty remains the most significant impediment to further progress and to comprehensive use of market infrastructure.