NO 233 – JULY 2012
Half year market highlights

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WFE Focus July 2012
Exchange consolidation news

Hong Kong Exchanges makes cash offer for London Metal Exchange

On 15 June 2012, Hong Kong Exchanges & Clearing and the London Metal Exchange entered into a framework agreement regarding the terms of a recommended cash offer for the entire issued and outstanding ordinary share capital of LME Holdings by HKEx Investment, a direct subsidiary of HKEx International and an indirect wholly-owned subsidiary of HKEx.

NASDAQ OMX completes acquisition of NOS Clearing

NASDAQ OMX Group completed the acquisition of NOS Clearing after regulatory approval and clearance have been obtained. The process of integrating NOS Clearing into the acquiring entity, NASDAQ OMX Stockholm, will now be initiated. The objective is that NOS Clearing will be merged into NASDAQ OMX Stockholm by the end of 2013. The integration of NOS Clearing will allow NASDAQ OMX to move forward with the global strategy of NASDAQ OMX Commodities to grow in new markets.

Tokyo Stock Exchange and Osaka Securities Exchange win regulatory approval for planned merger

On 5 July 2012, the Tokyo Stock Exchange Group and the Osaka Securities Exchange received approval from the Japan Fair Trade Commission for their business combination. They also received approval from the Japanese Prime Minister. The TSE Group has commenced a takeover bid for OSE shares. The two exchanges will subsequently conclude a merger agreement and seek approval at their respective general shareholders meetings. TSE Group and OSE are scheduled to complete the business combination on 1 January 2013.

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