Deutsche Börse to Sell International Securities Exchange to Nasdaq for $1.1 Billion
German exchange group divests ISE US exchanges as part of ongoing plan to merge with London Stock Exchange.
Under the proposed sale, Nasdaq will acquire ISE's three US electronic options exchanges—ISE, ISE Gemini, and ISE Mercury—but Deutsche Börse will retain its ownership of Bats Global Markets and blockchain startup Digital Assets Holdings. The deal is expected to close in the second half of 2016, subject to approval by competition and supervisory authorities.
Deutsche Börse acquired ISE in 2007 as part of a $2.8 billion merger agreement through its majority-owned Eurex subsidiary.
"We are pursuing the goal to become the number one or two player in every business in which we operate," says Deutsche Börse CEO Carsten Kengeter. "This goal requires an active management of our business portfolio. In areas where we are not able to meet this goal, we are evaluating other options."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Waters Wavelength Ep. 337: Interop.io’s Bob Myers
This week, Tony chats with Interop.io’s Bob Myers about agentic AI, the Model Context Protocol, and interoperability.
SS&C’s Bill Stone: RPA still important for agentic endeavors
The fintech is leaning on almost four decades in financial services and its many acquisitions to power AI deployment and meet the market’s needs.
LLM firms come for finance, BMLL gets bought, LSEG users get Preqin feeds, and more
The Waters Cooler: Tradeweb completes fully electronic RFM swaptions trade, IBM cashes in on digital asset mania, and more frights and delights in this week’s news roundup.
Experts urge banks to prep for quantum’s reckoning
Mathematicians across the world warn that current encryption methods will be crackable by quantum computers inside the current decade, but banks have been reluctant to prepare.
DTCC revamps tech abilities following global reporting overhaul
The Repository & Derivatives Services unit is implementing new technologies to help its clients keep up with changing reg reporting regimes.
Waters Wavelength Ep. 336: Tokenization mania
This week, Tony and Shen talk about the topic that everyone seems to be talking about...tokenization.
Finos’ orchestration platform, digital asset hype, OMS news and more
The Waters Cooler: ISI’s sovereign debt footprint, Bolsa Mexicana’s modernization efforts, Franklin Templeton’s DeFi play, and more.
BlackRock and DRW execs bullish on tokenization potential
DRW’s Don Wilson expects every instrument to be traded on-chain in five years’ time.
