The acquisition will see Coinbase pay $700 million in cash and issue 11 million shares of its Class A stock. The deal is expected to close by the end of 2025. Deribit has roughly $30 billion in open interest and processed more than $1 trillion in trading volume last year in its key markets, largely…
Read more
Total income excluding recoveries rose 8.7% year-on-year, or 7.8% on an organic constant currency basis, to £2.26 billion. Growth was broad-based, with Data & Analytics up 5.1%, FTSE Russell up 9.6%, Risk Intelligence up 10.7% and the Markets division climbing 10.7%. CEO David Schwimmer said: “We have started the year strongly, delivering another quarter of…
Read more
Group revenue and other income rose 32% year-on-year to $6.86 billion, while profit attributable to shareholders increased 37% to $4.08 billion. The exchange also recorded a 42% jump in EBITDA to $5.25 billion, with the EBITDA margin improving to 78%. Chief Executive Officer Bonnie Y Chan said: “HKEX had a strong start to the year,…
Read more
The contracts began trading Tuesday on the Cboe Futures Exchange (CFE), offering cash-settled exposure to bitcoin through the FTSE Bitcoin Reduced Value Index. The exchange stated that the new XBTF futures provide institutional and professional investors with a tool to gain or hedge bitcoin exposure. XBTF futures are cash-settled contracts. "As customer demand for crypto-based…
Read more
The firm said EBITDA increased by 4% year-on-year to €912.3 million, while net revenue excluding treasury results — the group’s preferred metric for managing performance — rose by 10% to €1.28 billion, slightly exceeding expectations. EBITDA on the same basis climbed 11% to €681.9 million. Net profit attributable to shareholders stood at €524.9 million, with…
Read more
The renewed agreement builds on LSEG’s existing partnership with AWS and supports its long-term cloud strategy. The firm explained that by continuing its migration of internal systems to the cloud, it aims to bolster resilience and security while accelerating the delivery of new services and products to clients. Daniel Maguire, Group Head of Markets at…
Read more
The exchange said in its press release that the move highlights its “long-term commitment to the growth and future development of Hong Kong as a leading global financial centre.” HKEX has agreed to purchase the top nine floors of One Exchange Square and additional space adjacent to HKEX Connect Hall for HK$6.3 billion, funded through…
Read more
Available immediately across all Euronext listing venues, including Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris, the new prospectus is said to simplify the listing process by replacing 21 traditional sections with just 11. The firm adds that the prospectus is designed in English and will undergo the usual regulatory approvals. Euronext said the initiative…
Read moreThe move expands its suite of equity derivatives products aimed at both retail and institutional investors. The new options, which began trading on 14 April, are said to be based on the S&P 500 Equal Weight Index, where each constituent is weighted equally at 0.2% following quarterly rebalancing. Cboe explained that, unlike the traditional capitalisation-weighted…
Read more
In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives market. The enterprise value of the transaction will be split equally between S&P Global and CME Group, which each hold a 50% stake in OSTTRA. The…
Read more