LSEG looking to sell $669.50mln stake in Euroclear, Sky News reports

September 24, 2024--LSEG has hired J.P. Morgan to sell off its 4.9% interest in Euroclear
The London Stock Exchange's owner is looking to offload its stake in Belgium-based financial services company Euroclear, in a deal that could generate proceeds of about 500 million pounds ($669.50 million), Sky News reported on Tuesday.

The British exchange operator bought a minority stake in Euroclear in 2019 for 278.5 million euros ($310.75 million) to strengthen its influence over core market infrastructure.

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Esma advisory group warns ETFs will be hit by T+1 move

September 26, 2024--Stakeholder group calls for temporary suspension of penalties for failed trades when EU moves to one-day trade settlement
Exchange traded funds will be particularly vulnerable to settlement fails when the EU moves to shorten its two-day trade settlement cycle (T+2) to T+1, an advisory group to the European regulator has warned.

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