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WFE Focus April 2011
Corporate news

London Stock Exchange acquires transaction reporting service

The London Stock Exchange Group has completed the acquisition of Transaction Reporting Service, the FSA’s Approved Reporting Mechanism. Existing TRS clients can now rapidly migrate to the UnaVista platform, the Group’s own ARM, which has acquired the rights to accept brokers’ TRS-formatted data submissions. TRS customers will benefit from UnaVista’s significant functionality enhancements including management dashboards, data reconciliations and reference data for all asset types incorporating the new Alternative Instrument Identifier Exchange.

NASDAQ OMX Group acquires Glide Technologies

The NASDAQ OMX Group has agreed to acquire Glide Technologies, a leading London-based software-as-a-service provider specializing in corporate communications and reputation management solutions. It will be integrated into NASDAQ OMX’s Corporate Solutions to create the first and fully-integrated workflow solution for investor and public relations professionals. NASDAQ OMX Corporate Solutions helps public and private companies minimize risk, maximize efficiency and increase transparency with a suite of products that improves market intelligence, communications effectiveness with key constituencies, corporate governance and overall visibility.

NASDAQ OMX repurchases common stocks

The NASDAQ OMX Group’s Board of Directors has approved a share repurchase program, authorizing NASDAQ OMX to repurchase in the aggregate up to USD 300 m of its outstanding common stock.

NYSE Euronext and Deutsche Börse announce stock buy-back plans

NYSE Euronext plans to repurchase up to USD 100 m in NYSE Euronext common stock at the discretion of management in open market or privately negotiated transactions or otherwise, subject to applicable US and European laws, regulations and approvals, strategic considerations, market conditions and other factors. In conjunction with NYSE Euronext’s announced plan, Deutsche Börse has also announced a buy-back plan of around EUR 100 m. NYSE Euronext and Deutsche Boerse have agreed to coordinate their respective share buy-back programs in order to preserve the ownership percentages of 40% and 60% to be held by former NYSE Euronext and Deutsche Boerse shareholders, respectively, in the combined company following the pending business combination.

TMX Group enters into support agreement with Maple Group

TMX Group and Maple Group Acquisition Corporation have entered into a support agreement in respect of Maple’s proposed acquisition of all of the outstanding TMX Group shares pursuant to an integrated two-step transaction valued at approximately CAS 3.8 bn. The TMX Group Board unanimously recommended that TMX Group shareholders accept and tender their shares to the Maple offer, and vote in favor of the second-step arrangement transaction. In making its determinations, the TMX Group Board took into account a number of factors, including the value of the transaction to TMX Group shareholders as well as the expected benefits of the Maple transaction to TMX Group and Canadian capital markets participants and other stakeholders.

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