ICE buys Holland Clearing House
Big news from the clearing business. InterContinental Exchanges, ICE, has bought the majority of Holland Clearing House from ABN AMRO. The clearing house HCH has been created by ABN AMRO to clear the trades on TOM. ABN AMRO remains a minority shareholder.
End of June Euronext was spun off from ICE by an IPO. Apparently, the Atlanta based exchange didn’t sell Euronext to leave Europe. With buying Holland Clearing House it’s back in the game in Europe. It supports TOM in their battle against Euronext.
It isn’t the only US institution backing TOM. Nasdaq OMX is the biggest shareholder in TOM. It owns 25% and has an option to buy an additional 25,1% in TOM. As long as both American exchanges are committed to supporting TOM, the Dutch option market could be used as bridgehead for the rest of Europe. It makes sense to work with a new exchange without too much old expenses (buildings, employees).
first,
‘Big news from the clearing business’
who cares about this, nobody, really
You care enough to comment.
third,
I care
caring enough to comment doesn’t automatically imply that he cares about those stupid clearing houses, he’s just pushing jack to not post meaningless articles
even in case of jack, does he really care who clears his option trades, he might be forced to care, but apart from that, he most def doesnt care, though curiously he keeps posting about them, like an excited school girl, wonder if he’s getting paid off, quid pro quo
GOSH. It’s not JUST an article about who is CLEARING. There’s obviously more substance to the article than just a clearing house. They are discussing US institutions backing TOM and what it means for the rest of Europe. DUH.
hypothetically, would it be better if deutsche boerse would have been allowed to buy liffe?
what DUH, what more substance in the article are you refering, it’s still all the non-sense a speculator/trader doesn’t need to get distracted by, mm or market structure have of course huge implications from this bs, but even then it’s not worth getting into unless you are the ones driving these changes
how’s tibra doing ?
what’s new in getco vs tibra case ?
tibra is fine, no news on getco v tibra case, next