NO 238 – DECEMBER 2012
Season's Greetings!

WFE Focus December 2012
Exchange consolidation news

CME Group completes acquisition of Kansas City Board of Trade

CME Group has completed its acquisition of the Kansas City Board of Trade, the leading futures market for hard red winter wheat. The completion of the acquisition will provide both CME Group and KCBT customers with greater capital efficiencies, new trading opportunities and additional products to manage their global wheat price risk.

Hong Kong Exchanges completes acquisition of London Metal Exchange

On 6 December 2012, Hong Kong Exchanges and Clearing completed its acquisition of the entire issued ordinary share capital of LME Holdings, the parent company of the London Metal Exchange, after UK Financial Services Authority approved the merger.

NASDAQ OMX acquires stake in Dutch derivatives trading venue

NASDAQ OMX Group acquired 25% of the Dutch cash equity and equity derivatives trading venue TOM, The Order Machine. The agreement also includes an option for NASDAQ OMX to acquire an additional 25.1% of the remaining shares and secure a majority stake in TOM. The transaction will allow NASDAQ OMX to expand its derivatives presence across the European market.

Oslo Børs to acquire Fish Pool

Oslo Børs has reached an agreement with the shareholders of the fish and seafood derivatives exchange Fish Pool to acquire approximately 71% of the shares of the company. The acquisition represents a further step in strengthening Oslo Børs’ commitment to the seafood sector in which it already has a world-leading position.

Tokyo Stock Exchange and Osaka Securities Exchange combination and listing of new entity approved

On 11 December 2012, the business combination between Tokyo Stock Exchange Group and Osaka Securities Exchange was approved by the Japanese Financial Services Agency, effective 1 January 2013. At the same time, the approval of the listing of the combined company Japan Exchange Group’s stock on the 1st Section of Tokyo Stock Exchange was also received with a scheduled listing date of 4 January 2013. The stock of Japan Exchange Group, Inc. will be dually listed on both Tokyo Stock Exchange’s 1st Section and Osaka Securities Exchange’s JASDAQ Standard.