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Panel 1 – Emerging Business Models and Alliances: What’s Now and Next in ACSDA CSDs

ACSDA 2011 GENERAL ASSEMBLY Bermuda. Panel 1 – Emerging Business Models and Alliances: What’s Now and Next in ACSDA CSDs “A look at collaboration that transcends business models and governance, with the objective of magnifying economies

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Panel 1 – Emerging Business Models and Alliances: What’s Now and Next in ACSDA CSDs

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  1. ACSDA 2011 GENERAL ASSEMBLY Bermuda Panel 1 – Emerging Business Models and Alliances: What’s Now and Next in ACSDA CSDs “A look at collaboration that transcends business models and governance, with the objective of magnifying economies of scale, regional clout and risk reduction, while preserving individual CSDs’ independenceandautonomy.” March 2011

  2. M&A • 2007 • January: NYSE and 3 big players, including Goldman Sachs, paid US$ 460 mm to buy the National Stock Exchange of Índia • May: Nasdaq acquires OMX • April: Deutsche Börse acquires, through Eurex (an association between DB and Swiss SE), the American International Securities Exchange (ISE) for US$ 2,8 mm, creating the biggest transatlantic derivatives market in the world • June: LSE and BorsaItaliana announce merger • July: CME and CBOT complete merger • October: After the approval of the shareholders in august 8th, LSE and BorsaItaliana complete merger • 2008 • January: BM&F and CME conclude cross-investment agreement • February: BOVESPA and BM&F announce discussions on merger. NASDAQ acquires OMX and creates the NASDAQ OMX Group • March: CME announces acquisition of NYMEX • October: Merger between DTCC and LCH.Clearnet

  3. M&A • 2009 • May: Consortium led by ICAP makes a new bid for LCH.Clearnet, which had already been done at the beginning of February • December: LSE and global investment banks acquire Turquoise and Baikal to create a pan-European trading venture • 2010 • June: Citadel acquires majority participation on Equiduct • June: CETIP and Clearstream sign an agreement to distribute tri-party collateral management services • July: Nasdaq OMX acquires SMARTS • August: DTCC agreed to acquire 10% of DCV in an agreement of cooperation

  4. M&A • 2010 • October: Singapore and Australian exchanges unveil a $7.8bn merger plan • November: The Santiago Exchange (Chile), The Colombia Exchange and the Lima Exchange (Peru), together with the respective deposits of each country: DCV, Deceval and Cavali, integrates their activities, creating MILA • December: Nasdaq acquires FTEN

  5. M&A - 2011 January February March

  6. ACSDA 2011 GENERAL ASSEMBLY Bermuda Panel 1 – Emerging Business Models and Alliances: What’s Now and Next in ACSDA CSDs “A look at collaboration that transcends business models and governance, with the objective of magnifying economies of scale, regional clout and risk reduction, while preserving individual CSDs’ independenceandautonomy.” March 2011

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