The move is said to come in response to shifting demand patterns in the Australian National Electricity Market (NEM), driven by the rapid rise in renewable energy, particularly solar. According to ASX, the increased reliance on solar has resulted in heightened electricity demand during morning and evening periods across all regions. “With the changes in…
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Non-volume-related revenue accounted for 58% of total income, covering 161% of underlying operating expenses excluding depreciation and amortisation. Securities Services revenue rose 6.5% to €86.2 million, while Capital Markets and Data Solutions revenue increased 12% to €165.4 million, aided by the acquisition of Admincontrol and continued expansion in advanced data and tech services. Volume-related income…
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The regulator revealed that between December 2018 and December 2023, Sigma submitted nearly 925,000 incorrect reports, representing almost all of its transactions during that time. The FCA said the errors stemmed from incorrect system setup and remained uncorrected due to weaknesses in Sigma’s reporting processes. “The transaction reports we receive are crucial to the work…
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The jump in transaction-based income contributed to a 45% rise in total net revenues, which came in at $989 million. Net income more than doubled to $386 million, while diluted earnings per share rose 100% to $0.42. Options trading is said to have led the way with revenues of $265 million, up 46%, followed by…
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Moran joined ASX in 2010 as Deputy General Counsel and became Group General Counsel in 2017. He was appointed Chief Compliance Officer in 2022, leading the organisation’s transition to a more risk-based and data-driven approach to market supervision. ASX CEO Helen Lofthouse praised Moran’s long-standing contribution to the organisation. “Having served on the Executive Team…
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The deal, which values ATHEX at approximately €412.8 million, is part of Euronext’s broader strategy to integrate European capital markets and expand its presence in Southeast Europe. Based on Euronext’s closing price of €142.70 on 30 July, the offer equates to €7.14 per ATHEX share. ATHEX’s board has unanimously backed the offer and entered into…
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The move marks an expansion of the Eurobond infrastructure into the Asia-Pacific region. Starting 1 August 2025, BOCHK will support the issuance, safekeeping, and lifecycle servicing of international securities under the Eurobond model. The appointment follows BOCHK’s successful completion of the ICSDs’ qualification process. The Eurobond market, valued at over €13 trillion, has long provided…
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Madalena Cascais Tomé, former CEO of SIBS, will join as Head of Financial Services from October 1. She replaces Alessandro Baroni, who is departing the company. Anika Grant, previously the Chief People Officer at Ubisoft and an HR executive at Uber, will assume the role of Chief People Officer, effective September 1, succeeding Florence Gallois. …
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The multi-asset platform revealed the move during its global webinar, eToro Unlocked: Trade Without Boundaries, as part of its goal to make markets more accessible and responsive to investor needs. Users will now be able to trade 100 of the most popular US-listed stocks and ETFs around the clock during the working week, with plans…
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The move is expected to help clients better manage settlement risks and prepare for the transition to T+1 settlement cycles. The updated tool uses artificial intelligence to forecast the likelihood of timely settlement and estimate potential penalty costs. The firm explained that by analysing transaction details and historical settlement patterns, it can identify at-risk instructions…
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