Hints and tips:
...There a wine room, private guest suite and an indoor swimming pool on a lower level that opens on to a large terrace....
...South Korea, meanwhile, has a Korean New Deal, or “K-New Deal” backed by a US$135bn investment programme that includes measures to create 659,000 new green jobs by 2025....
...Living costs in Bermuda are the second highest in the world, according to Numbeo, just behind the Cayman Islands, a tax haven 2,200 miles south-west of Bermuda....
...“There has been consolidation in the industry and I am guessing there will be more consolidation,” said Kirsten Wegner, chief executive at Modern Markets Initiative, the industry association....
...Exchange fees are razor-thin; some dark pools in effect pay to attract business....
...The industry has already undergone huge consolidation....
...There was also overlap in the way equities trade in the US and Canada through a system of registered exchanges, alternative trading systems and dark pools....
...Britain will need to ensure that whatever happens, employers still have access to a pool of talent without excessive immigration bureaucracy and costs....
...Some market participants had a scare this year, when the malfunction of an algorithm trading derivatives – lasting 143 seconds – caused the collapse of a small local broker in South Korea....
...Gavilon was owned by hedge funds Ospraie Management and Soros Fund Management and the private equity group General Atlantic....
...Over the past four weeks, more than 1m barrels a day of refining capacity has shut down in the Atlantic basin, including the Hovensa plant, and the refineries run by Petroplus....
...Meanwhile, London has become a focal point for exchange consolidation....
...As exchange operators around the world chase tie-ups with rivals, the head of India’s largest exchange by volumes has steadfastly ignored the consolidation chatter and focused on core growth and strategic...
...“Now we’re seeing consolidation, such as with BATS and Chi-X. We’re also seeing a consolidation of liquidity.”...
...But analysts have long flagged the need for consolidation....
...The deal could herald a wave of consolidation among smaller players in the highly competitive industry....
...Lucas Carné, joint chief executive and co-founder of Privalia, said he was eyeing acquisitions in Europe’s fragmented market, which he sees as ripe for consolidation....
...Mr Lowrey recently signalled ambitions to enter other markets such as South Korea....
...It also operates a “dark pool” block trading facility called Chi-Delta....
...But Tora is not the only company in Asia seeking to aggregate liquidity from multiple dark pools....
...“We’ve always tried to identify areas that are ripe for consolidation and innovation....
...It comes as regulators on both sides of the Atlantic are examining the emergence of “dark pools” – designed for the matching of large blocks of shares – and so-called high frequency traders....
...Dark pools have proliferated in the US and Europe and while several broker-led dark pools operate in Asia – mainly in Japan, Hong Kong and Singapore – they account for only 1-3 per cent of trading in the...
...David Begg, general secretary of the Irish Congress of Trade Unions (ICTU), says they lost the battle to stretch out fiscal consolidation to ease pressure on wages and maintain some demand....
...This was a business sector crying out for consolidation....
International Edition