DERIVATIVES – AUSTRALIA

Gordon positions to increase Ten holding

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Original article by Max Mason
The Australian Financial Review – Page: 19 : 23-Jun-16

Cross-ownership laws prevent Bruce Gordon from increasing his 14.6 per cent stake in the Ten Network to more than 15 per cent. However, the WIN Corporation owner could potentially lift his stake in Ten by 2.5 per cent if media ownership laws are relaxed, after he secured a cash-settled share swap deal with Deutsche Bank. Gordon has previously entered a similar arrangement with the investment bank regarding Nine Entertainment Company.

CORPORATES
TEN NETWORK HOLDINGS LIMITED – ASX TEN, WIN CORPORATION PTY LTD, DEUTSCHE BANK AG, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, BIRKETU PTY LTD, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL

ASX buys stake in e-trading provider

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Original article by Mitchell Bingemann
The Australian – Page: 23 : 19-Sep-14

The Australian Securities Exchange has paid $A65 million for a 49 per cent in Yieldbroker, a specialist electronic markets company. The acquisition will strengthen the ASX’s derivatives trading business. Twelve banks have invested in Yieldbroker, which was founded in 1999. It operates electronic markets for trading more than 800 Australian and New Zealand debt securities and interest rate derivatives

CORPORATES
ASX LIMITED – ASX ASX, YIELDBROKER PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, CITI AUSTRALIA PTY LTD, DEUTSCHE BANK AG, JP MORGAN AUSTRALIA LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ROYAL BANK OF CANADA, ROYAL BANK OF SCOTLAND GROUP PLC, TORONTO DOMINION AUSTRALIA LIMITED, UBS HOLDINGS PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC

ASX faces income loss after fee cuts

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Original article by Shaun Drummond
The Australian Financial Review – Page: 17 : 25-Jul-14

Analysts do not expect a move by ASX Limited to cut some fees to have much long-term impact on the stock market operator’s earnings. The ASX will reduce fees on over-the-counter derivatives and interest rate futures in October 2014. The changes include a shift from flat rate fees to a system of volume-based fees for derivatives clients. Ryan Fisher of Goldman Sachs expects the new fee structure to enhance the ASX’s competitiveness

CORPORATES
ASX LIMITED – ASX ASX|GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD|LCH.CLEARNET SA|CHI-X AUSTRALIA PTY LTD|COUNCIL OF FINANCIAL REGULATORS