Category: Financial Services

Broadridge
November 29, 2022 BY Steffy Bogdanova

Broadridge and SLIB launch global voting solution for the French market

The new solution is a significant addition to the cross-border proxy voting service for France-based investors, Broadridge and SLIB launched in December 2021. Firms using Broadridge and SLIB’s new solution will be able to take advantage of an efficient, streamlined process throughout the vote processing lifecycle which includes the capture and distribution of golden copy…

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Deutsche Börse
November 09, 2022 BY Steffy Bogdanova

Deutsche Börse’s cash markets turnover drops nearly 14%MoM in October

Trading volumes on Börse Frankfurt in October came in at €2.14 billion (September: €2.51 billion). Last month, Equities on Deutsche Börse generated €78.75 billion and trading in ETFs/ETCs/ETNs accounted for €18.29 billion of the turnover. Bonds recorded €0.27 billion, certificates €0.80 billion and funds brought in €0.05 billion. Linde plc was the DAX stock with…

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Euronext
November 09, 2022 BY Steffy Bogdanova

Euronext FX trading volumes drop 15% MoM in October

The average daily volume in FX for last month came in at $21.5 billion. Compared to September’s $24.2 billion, this was a 11.1% MoM drop. Total Cash Market numbers in October stood at $206.8, down by 9% compared to September 2022. On yearly basis, the exchange saw a 19% decrease. Derivatives markets on Euronext also…

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ASIC ban
November 08, 2022 BY Steffy Bogdanova

FX Ponzi scheme operator pleads guilty in a $180 million fraud case brought by ASIC

According to ASIC, the Courtney House companies convinced investors that their funds would be traded in Forex and Futures markets, however, only 3% of those funds were actually traded. Instead, the amounts paid to investors on monthly basis, came from the deposits of new investors. The Australian regulator stated: In addition to offering purported ‘standard’…

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Cboe
November 06, 2022 BY Steffy Bogdanova

Cboe sees 21% rise in global FX net revenue in Q3

The average daily notional value of forex trading on Cboe FX came in at $41.3 billion for Q3 2022, registering a 27% jump compared to the same period the previous year. In the official announcement, the company noted that Cboe FX commanded 17.8% of the market share, compared to 17% in last year’s third quarter.…

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Euronext
November 04, 2022 BY Steffy Bogdanova

Euronext revenue drops by 14% in Q3

Additionally, post-trade revenue (excluding NTI) registered growth of 3.7% YoY to €86.2 million. Clearing revenue reached €29.1 million, 5.8% lower on yearly basis as a result of a growing bonds and derivatives clearing activity and net treasury income of Euronext Clearing stood at -€38.3 million. Euronext reported adjusted earnings before interest, taxes, depreciation and amortization…

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Equinix expands footprint in India with a fourth data centre
November 03, 2022 BY Steffy Bogdanova

Equinix sees Q3 net income of $212 million

Operating income for Q3 reached $333 million, registering a 5% increase compared to the second quarter. Charles Meyers, the President and CEO of Equinix, said: We had another record quarter as global demand for digital infrastructure continues to grow and customer preferences trend convincingly toward architectures that are highly distributed, persistently hybrid, deeply cloud-connected, and…

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LMAX Group
November 02, 2022 BY Steffy Bogdanova

LMAX gross profit reaches $106 million in 2021

Furthermore, LMAX reported that its gross revenue also jumped 80% YoY. The Group explained that it saw growth in “institutional market share in both traditional FX and crypto currency markets, despite volatility and downward pressure on volumes.” In 2021, LMAX Digital volumes reached more than $500 billion, according to the Group. David Mercer, CEO of…

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Swiss Stock Exchange
November 02, 2022 BY Steffy Bogdanova

SIX trading turnover falls 16% MoM in October

According to the figures, total number of transactions conducted from January to October fell 0.9/% to 52,135,512. The SIX Swiss Exchange stated: The highest turnover on a single trading day was recorded on 4 October, which saw securities worth a total volume of CHF 4.6 billion changing hands. The highest number of trades was recorded…

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