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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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 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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Under a memorandum of understanding, the UK-based bank will collaborate with Alibaba Cloud as its strategic partner for AI technologies, aiming to boost operational efficiency and enhance customer experience. The agreement will see the two firms co-develop AI-powered tools for customer service, sales intelligence, risk management, and compliance automation, while also promoting talent development through…
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FINRA stated that between July and September 2022, TradeStation issued promotional materials across its website, emails, and social media platforms that failed to clearly state that crypto assets were not offered through TradeStation itself but through an affiliated entity. The affiliate was not a FINRA member or registered broker-dealer. According to FINRA, some communications gave…
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According to FINRA, the fine is related to private placement solicitations and telemarketing practices between May 2021 and December 2023. The Florida-based brokerage reportedly failed to establish, maintain and enforce adequate supervisory systems and written procedures to ensure compliance with securities laws and telemarketing rules. The firm was found to have violated FINRA Rules 3110,…
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In a release on Thursday, the firm said that excluding the treasury component, net revenue grew 10% year-on-year to €1.3 billion, slightly ahead of internal expectations. Operating costs rose 3% to €620 million, while EBITDA climbed 5% to €891 million. Stripping out the treasury result, EBITDA surged 19% to €684 million. Net income attributable to…
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