London Stock Exchange announced that today welcomed ADES International Holding, the Middle East-based oil and gas drilling and production services firm to the Main Market. The company successfully raised $170 million of primary proceeds at IPO with a further $73 million offered by existing shareholders. At the $16.50 offer price, ADES will have a market…
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London Stock Exchange today welcomed the largest Sukuk bond to be issued by a supranational globally in 2017, raising $1.25 billion. Listed by Saudi Arabia based, triple-A rated, Islamic Development Bank, it is a five-year bond with a 2.393% yield and reinforces London’s position as a key global venue for Islamic finance. To date nearly…
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SIX Swiss Exchange announced today approval of the London Stock Exchange’s TRADEcho service as a Trade Data Monitor (TDM) for the SIX Swiss Exchange. This agreement enables foreign participants (Remote Members) of the SIX Swiss Exchange to meet their reporting obligations for trades in Swiss securities admitted for trading on a Swiss regulated market via the…
Read moreLondon Stock Exchange Group has today issued guidance, through its Global Sustainable Investment Centre, setting out recommendations for good practice in Environmental, Social and Governance (ESG) reporting. The global guide responds to demand from investors for a more consistent approach to ESG reporting, which is now a core part of the investment decision process. This…
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German financial markets operator has announced that turnover on its Xetra, Börse Frankfurt and Tradegate exchanges totaled €1.38 trillion in 2016, down from €1.64 trillion in 2015. Of the total, €1.26 trillion was attributable to the Xetra venue, €43.9 billion to Börse Frankfurt and €71.0 billion to Tradegate Exchange. The share with the highest order book…
Read moreLondon Stock Exchange plc’s new block trading, auction and hidden order innovations including the Intraday Auction and Hidden Midpoint Pegged Orders recorded significant growth in 2016. Turquoise Plato Block Discovery also demonstrated very strong growth throughout the year. The trend highlights investor demand for trading services that will allow adaptation ahead of MiFID II’s impending…
Read moreLondon Stock Exchange welcomed the AIM flotation of Creo Medical Group, a medical device company focused on the emerging field of surgical endoscopy. The Chepstow-based company raised £20 million on admission, with a market capitalisation of approximately £61 million. The company has been supported by Finance Wales, who have an equity stake in the company. The…
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LeapRate Exclusive... LeapRate has learned that trading education provider Knightsbridge Trading Academy has inked an agreement with the London Stock Exchange, to deliver training for the LSEG Academy's Institutional Trader Programme. This bespoke programme is designed to provide aspirational and operating traders alike with the ability to master the skills needed to be an effective and successful trader…
Read moreA new iShares equity index ETF from BlackRock's product offering has been tradable on Xetra and Börse Frankfurt since Thursday. Name: iShares Core FTSE 100 UCITS ETF (Dist) Asset class: equity index ETF ISIN: IE0005042456 Total expense ratio: 0.07% Distribution policy: distributing Benchmark: FTSE 100 Index The iShares Core FTSE 100 UCITS ETF (Dist) gives…
Read moreIt is becoming clear as the dust is settling from last week's Leave victory in the UK Brexit referendum that European country government and EU officials are going to do all they can to make it both difficult and expensive for the UK to leave the European Union. Part anger? Part revenge? Part hoping to…
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