The boards of NEX Group plc (LON:NXG), CME London Limited and CME Group Inc. CME (NASDAQ:CME) have announced that they had reached an agreement on the terms of a recommended share and cash acquisition of the entire issued and to be issued share capital of NEX. The Acquisition is to be effected by means of a…
Read moreBursa Malaysia Berhad announced that it has registered a Profit After Tax and Minority Interest (PATAMI) of RM63.8 million for the first quarter ended 31 March 2018 (“1Q2018”), an increase of 12.6% from RM56.6 million reported in the previous first quarter ended 31 March 2017 (1Q2017), and an increase of 15.4% compared to the preceding…
Read moreMoscow Exchange (MOEX) has just announced that it will launch a Light Sweet Crude Oil futures contract and futures-style options on the futures to facilitate investment in global commodity instruments by Russian participants and their clients. This will happen on 25 April 2018. Igor Marich, Managing Director of the Money and Derivatives Markets at Moscow…
Read moreThe U.S. Securities and Exchange Commission (SEC) has announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of…
Read moreFacing trouble both at home and abroad, X Trade Brokers Dom Maklerski SA (WSE:XTB) nevertheless has issued preliminary results for Q1-2018 indicating record Revenues and Profits for the Warsaw based company. X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q1 2018 Revenues came in at PLN 113.7…
Read moreThe Extraordinary General Meeting of the Warsaw Stock Exchange (GPW) has appointed Marek Dietl as President of the Exchange Management Board for a new term of office On 23 April, the Extraordinary General Meeting passed a resolution under the agenda item concerning changes to the Management Board, tabled by request of the State Treasury which…
Read moreFollowing the implementation of MiFID II in January 2018, a new survey reveals that UK fund managers believe the more stringent financial regulations are having a detrimental impact on small and mid-size quoted companies, both in terms of their research coverage and liquidity in their shares. According to the survey of 100 UK-based fund managers,…
Read moreMicrosoft Corporation (NASDAQ:MSFT) and Copenhagen based Forex and multi asset broker Saxo Bank have today announced a strategic partnership with the aim of running Saxo Bank’s entire technology stack on the Microsoft Cloud. The companies said that financial services are at a transformational tipping point. It is key for financial organizations to harness data and cloud…
Read moreAndrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA) has today given a speech at the City Week ‘The International Financial Services Forum’, Guildhall, London, regarding Brexit, UK and EU authorities, and more. Highlights of it include: Now is the time for the UK and EU authorities to come together and work on…
Read moreThe Nigerian Stock Exchange (NSE) has announced that it has signed a Memorandum of Understanding (MoU) with RecyclePoints Limited for the collection and recycling of waste materials generated at The Exchange’s offices. This initiative is also a demonstration of the Exchange’s effort to ‘End Plastic Pollution’, which is the theme of this year’s Earth Day,…
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