When approached by the Financial Times, Cboe, who also owns stock exchange operator BATS Global Markets, said it "does not comment on market rumours or speculation." Despite the denials, any deal would mean two of the most important names in financial market derivatives coming together. CME Group (Chicago Mercantile Exchange, Chicago Board of Trade, New…
Read more
Plaid also intends to bring in new products that will allow banks and fintech companies to connect more easily. This will provide the level of security that banks expect while also making sure that no functionality is removed. As the fintech landscape continues to move forward, new and innovative products are vital to the industry’s…
Read more
Stefan Steiner, Co-Managing Director, Venturelab, said: We believe that an IPO has always been an important option for scale-ups, and we need to further raise awareness of its benefits. Today, most entrepreneurs lack the necessary knowledge of how IPOs work, and many misconceptions potentially limit growth opportunities for these organizations. The TOP 100 partnership will…
Read more
Oksana Remez, Senior Business Development Executive, said: We have seen a big interest in our proprietary trading platform that offers single access point for trading all instruments as well as these immense capabilities to add many 3rd party trading tools, news, education, TV channels etc. The standalone trading solution Finalto Trade was split into a…
Read more
CySEC stated: The Board of the Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that, at its meeting held on the 5th April 2021, decided to impose an administrative fine of €40.000 to CIF London Capital Group (Cyprus) Ltd (the ‘Company’) for non-compliance with article 16(2) of Regulation (EU) 596/2014 on market…
Read more
Summary Financial Results Fourth Quarter Fiscal Year Dollars in millions, except per share data 2021 2020 Change 2021 2020 Change Recurring fee revenues $1,065 $930 15% $3,333 $3,036 10% Total revenues $1,532 $1,362 12% $4,994 $4,529 10% Operating income 281 299 (6%) 679 625 9% Margin 18.4% 21.9% 13.6% 13.8% Adjusted Operating income -…
Read more
Despite seeing a rise in revenue of 24%, expenses have only increased by 9%. It means that a large portion of the revenue increase can go towards profits. Expenses sat at HK$2 billion for the first half of 2020 and only increased to HK$2.2 billion for the first half of 2021. This helped to create…
Read more
This provides an EBITDA margin of 49.4% for H1 2021, which is an improvement on the H1 2020 figure of 46.5%. Despite a constant currency variance increase in operating expenses, the more significant increase in revenue and income means the EBITDA has shown an improvement for the 2021 first half of the year. Expenses are…
Read more
Cboe added: Total volume in Russell 2000 Index (RUT) options reached nearly 1.2 million contracts traded in July, with 56,054 contracts traded on average per day – the highest month on record since October 2018. According to the trading update, S&P 500 Index (SPX) options had highest monthly average daily volume for the year. It…
Read more
However, in terms of percentage growth there was a slight change in the top 3 metrics. Interest rates saw a 96% growth, options saw a 55% and energy - a 23%. Individual futures within the interest rates saw large increases which helped to create the overall high increase in ADV. SOFR futures specifically jumped 221%.…
Read more