In a press release, the company revealed it plans to offer 15 million shares of common stock, with an expected price range of $19 to $21 per share. An additional 2.25 million shares may be sold if underwriters exercise a 30-day option in full. MIH, the parent company of exchanges including MIAX, MIAX Pearl, MIAX…
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Under the initiative, LSEG has entered into an irrevocable agreement with Goldman Sachs International to repurchase ordinary shares on its behalf. Acting as riskless principal, Goldman Sachs will carry out the purchases on the London Stock Exchange and Turquoise Equities Trading, in line with pre-set parameters. The firm said the programme begins immediately and is…
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Announcing the appointment on Friday, HKEX Chairman Carlson Tong said: “I am delighted to welcome Mr Zhang Yong to our Mainland China Advisory Group. His wealth of experience and deep knowledge in China’s business and financial markets will provide invaluable support to the HKEX Board as we continue to deliver on our strategic imperatives of…
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The new “BUX Prime Investment Plans” are pre-built, multi-asset portfolios powered by J.P. Morgan’s actively managed ETFs. They are said to be designed to cater to a range of risk levels and financial goals. The service is initially launching across eight countries: Ireland, Italy, Austria, Belgium, France, the Netherlands, Germany, and Spain. Access is included…
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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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