News Centre

BGC Partners Reports Third Quarter 2014 Financial Results

Date 30/10/2014

• Declares Quarterly Dividend 
• Conference Call to Discuss Results Scheduled for 10:00 AM ET Today 

FCA Fines Sesame Ltd For ‘Pay-To-Play’ Arrangements

Date 30/10/2014

Sesame Ltd, the UK’s largest network of financial advisers, has been fined £1,598,000 by the Financial Conduct Authority (FCA) for setting up a pay-to-play scheme. Sesame’s arrangement effectively undermined the ban on commission payments brought in by the Retail Distribution Review (RDR). The pay-to-play scheme meant that the range of products recommended to Sesame clients under its restricted advice service was influenced by the amount of services Sesame had sold to product providers.

TSX Venture Exchange Celebrates 600 Graduates - TMX Group’s Unique Two-Tier Exchange Model Supports Growth Of Companies At All Stages

Date 30/10/2014

TMX Group today announced that with the graduation of Fission Uranium Corp. (FCU) from TSX Venture Exchange (TSXV) to Toronto Stock Exchange (TSX), the total number of companies to graduate from TSXV to TSX has reached 600 since January 1, 2000. These companies have raised $85 billion in equity capital on TSX since then.

Thomson Reuters Reports Third-Quarter 2014 Results - Third-Quarter And Nine-Month Results On Track With Financial & Risk Net Sales Positive Year-To-Date And For All Regions In The Quarter, While Legal Returned To Positive Organic Revenue Growth

Date 30/10/2014

Thomson Reuters (TSX / NYSE: TRI) today reported results for the third quarter ended September 30, 2014.

• Revenues from ongoing businesses grew 1% before currency to $3.1 billion
• Adjusted EBITDA and underlying operating profit were both down 3%
  • Adjusted EBITDA margin 26.5%, down 100 basis points; excluding charges was 27.0%
  • Underlying operating profit margin 17.1%, down 70 basis points; excluding charges was 17.6%
• Adjusted earnings per share were $0.45 versus $0.48 in the prior-year period
• 28.4 million shares repurchased since October 2013 returning $1.0 billion to shareholders
• 2014 Outlook affirmed

CME Group Inc. Reports Third-Quarter 2014 Financial Results

Date 30/10/2014

CME Group Inc. (NASDAQ: CME) today reported revenues of $762 million and operating income of $430 million for the third quarter of 2014.  Net income attributable to CME Group was $290 million and diluted earnings per share were $0.86. Excluding the items noted in the reconciliation, adjusted earnings per share would have been $0.84[1].

MiFID II/MiFIR: Europex Calls Upon ESMA And The European Commission To Set A Proportionate, Activity-Based Definition For Commodity Derivative Contracts “That Must Be Physically Settled”

Date 30/10/2014

An inappropriate definition of commodity derivatives would shift the majority of trading activities in wholesale gas and electricity derivatives to a less regulated environment. Today, the Europex Board – fully supportive of the G-20 Pittsburgh commitments of promoting more transparent, non-discriminatory and systemically safer markets – is calling upon the European Securities and Markets Authority (ESMA) and the European Commission to find a proportionate and activity-based definition for gas and power derivative contracts ”that must be physically settled”.

Jordan Capital Market Development Flash

Date 30/10/2014

The Jordan Securities Commission has issued new instructions concerning procedures to be taken vis-à-vis companies listed on the Amman Stock Exchange, whose accumulated losses reach %50 or more of their paid-up capital. The instruction specify three categories of companies, those that accumulate losses between 50%-75% of their paid up Capital; those that accumulate losses between 75%-100% of their paid up Capital; and those that accumulate losses more than 100% of their paid up Capital.

Thailand Settrade Launches New Mobile Trading Application For iPhone 6 And iOS 8 With Advanced Functions

Date 30/10/2014

Settrade.com Co., Ltd. introduces Streaming, the latest real-time trading application for Thai stock and derivatives trading, for iPhone 6 and iOS 8 with a new design and three of the newest functions: “Touch ID” to log in with using fingerprint, and Stock “Quote” by voice command, as well as a faster trading function via touchscreen “Click.” The new version can be downloaded starting from today via the App Store.

Warsaw Stock Exchange: Key Assumptions Of The Updated Strategy GPW.2020

Date 30/10/2014

• The Warsaw Stock Exchange wants to be the exchange of first choice for investors and issuers in Central and Eastern Europe
• The WSE Capital Group will become client-centric and tailor its offer to market needs
• The WSE Capital Group will focus on growth in those business segments where it has competitive advantages
• WSE’s ambition is to grow revenue by 7 percent CAGR by 2020. The Exchange Management Board expects EBITDA to double and the cost/income ratio to fall below 0.50 in that period.

eVestment: Investment Booming In Brazil - Investment Exposure Up, Tops In Latin American Hedge Funds

Date 30/10/2014

Brazil is making headlines. In the face of a highly contested presidential runoff and significant drought conditions in São Paulo, investment in Brazil continues to grow. International attention from the 2014 World Cup and upcoming 2016 Olympic Games are helping to fuel the flames, but there are a variety of other factors at play. There are nearly $1.8 trillion of assets in traditional institutional strategies with exposure to Brazil reporting to eVestment, a figure that has grown at a quarterly rate of over 7% since 2004 and over 8% since the financial crisis.