Thursday 24th April 2014
 flextrade
Clearstream has agreed to purchase Citco’s hedge fund custody processing unit in Cork for a sum in the ‘mid-double-digit-million euro range’ - The National Bank of Abu Dhabi (NBAD) has become the first licensed market-maker in the United Arab Emirates after winning approval from the Securities and Commodities Authority (SCA) - BlackRock has been awarded its first Renminbi Qualified Foreign Institutional Investor (RQFII) licence by the China Securities Regulatory Commission (CSRC) - An index joint venture between FTSE Group and Canada’s TMX Group has acquired the indices business of MTS, a European electronic fixed income trading business owned by the London Stock Exchange - The European leveraged finance market is set to undergo a shift this year, as private equity sponsors veer back towards loans to finance leveraged buyouts, says S&P Capital IQ - Turkish corporates are the most exposed among EMEA emerging markets to a scenario of slowing growth, rising interest rates and a persistently weak local currency, according to Fitch Ratings - London-based Global Markets Exchange Group (GMEX) is in talks to acquire an equity stake in ALTX Africa Group, a new exchange operator focusing on East Africa - Alternative asset managers with expertise in high-yield fixed income and distressed assets are upping their investments in the peer-to-peer loan market, according to a new report from Cerulli Associates.
Europe

Exchange operator NASDAQ OMX has reported a record first quarter profit of $529m driven by recent acquisitions and growth across its four main business lines.

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Independent agency broker Neonet Securities has appointed Aquis Exchange’s Alasdair Haynes as its new non-executive chairman. 

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Portugal successfully auctioned 750m euros (£620m) in bonds on Wednesday in a move which paves the way for the country to exit its bailout programme. 

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AMP Capital has appointed JP Morgan’s Kate Campbell as institutional director for Europe, based at the firm’s London office.

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Trading in Italian stocks has fallen by 34.2% since the introduction of a Financial Transaction Tax (FTT) twelve months ago, according to research from Credit Suisse.

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The Basel Committee on Banking Supervision has appointed William Coen as its next secretary general, for an initial term of three years. He will also serve as the chairman of the Committee's Policy Development Group. 

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Rising investment management fees helped push BNY Mellon’s first quarter profit up by 12% in this year’s first quarter. The US custodian bank made a profit of $926m (£550m) in the three month period, up from $825m between January-March 2013. 

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Jonathan Sudaria, dealer at Capital Spreads.
Wednesday, 23 April 2014

Mixed cues, mixed moves

European equities have opened marginally on the up this morning as traders remain cautiously optimistic. Although the US’s earning season appears to be doing a good job of keeping the bulls fuelled, looking east however, another sign of weakness from China’s manufacturing industry is cause for concern. The gains over the last few days have seen a welcome turn around after the initial weak start to the month, but now as we edge near to the top of recent range, traders are looking hesitant in case sellers emerge again.

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