News Centre

Nigerian Exchange Weekly Market Report For The Week Ended 6 September 2024

Date 06/09/2024

A total turnover of 2.141 billion shares worth N51.217 billion in 55,603 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 2.821 billion shares valued at N53.048 billion that exchanged hands last week in 50,488 deals.

SEC Charges Esmark Inc. And Chairman James Bouchard With Announcing False Tender Offer To Purchase U.S. Steel Corp.

Date 06/09/2024

The Securities and Exchange Commission today announced settled charges against Esmark Inc. and its founder, chairman, and former CEO, James P. Bouchard, for publicly announcing a tender offer to purchase U.S. Steel Corporation for $35 per share even though Esmark lacked the financial means to consummate the offer. 

The Time Has Come, Federal Reserve Governor Christopher J. Waller, At The University Of Notre Dame, Notre Dame, Indiana

Date 06/09/2024

Thank you, Eric, and thank you for the opportunity to speak to you today.1 My topic is the outlook for the U.S. economy and the implications for monetary policy, a set of judgements that have, of course, been influenced by this morning's jobs report. When I scheduled this speech several months ago, I knew it might be challenging to speak a few hours after the release of such an important piece of data. But we like to say that monetary policy must be nimble, so that means policymakers must be nimble also. Not Simone Biles nimble, but nimble. As you will hear, I believe the data we have received this week reinforces the view that there has been continued moderation in the labor market. In light of the considerable and ongoing progress toward the Federal Open Market Committee's 2 percent inflation goal, I believe that the balance of risks has shifted toward the employment side of our dual mandate, and that monetary policy needs to adjust accordingly.

TMX Group Consolidated Trading Statistics - August 2024

Date 06/09/2024

TMX Group Limited today announced August 2024 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), including Alpha-X & Alpha DRK, and Montréal Exchange.

Malawi Stock Exchange Weekly Summary, 6 September 2024

Date 06/09/2024

Click here to download Malawi Stock Exchange's weekly summary.

Tradeweb Reports Record August 2024 Total Trading Volume Of $50.9 Trillion And Record Average Daily Volume Of $2.21 Trillion - August 2024 ADV Up 53.9% YoY

Date 06/09/2024

Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today reported record total trading volume for the month of August 2024 of $50.9 trillion (tn). Average daily volume (ADV) for the month was a record $2.21tn, an increase of 53.9 percent (%) year-over-year (YoY). Excluding the impact of the ICD acquisition, which closed on August 1, 2024, total ADV for the month of August was up 35.7% YoY.

UK Financial Conduct Authority Publishes Decisions Against 3 Individuals, And Fines And Bans A Fourth, For Reckless Pension Transfer Advice

Date 06/09/2024

Mr Adrian Douglas, Mr Liam Martin and Mr Frank Oxberry have each referred their Decision Notices to the Upper Tribunal. The findings outlined in the Decision Notices given to them reflect the FCA’s belief as to what occurred and how it considers their conduct should be characterised. The proposed action outlined in their Decision Notices will have no effect pending the determination of the references by the Tribunal whose decision will be made public on its website. 

Nasdaq Announces New Leadership And Structure For Financial Crime Management Technology

Date 06/09/2024

• Appoints 13-year Nasdaq Verafin Veteran,   Stephanie Champion, as New Head of Nasdaq Verafin
• Nasdaq Chief Strategy Officer,   Jeremy Skule, to Take on Expanded Role as Executive Chair of Nasdaq’s Financial Crime Management Technology Business

Nasdaq Implements AxiomSL Revenue Recognition Change

Date 06/09/2024

Nasdaq, Inc. (Nasdaq: NDAQ) today announced that it has implemented a change to the accounting treatment of the revenues associated with AxiomSL on-premises subscription contracts. This change was previously referenced during Nasdaq’s second quarter earnings and is related to the finalization of the U.S. GAAP purchase accounting in connection with the Adenza acquisition.

Oversight Of Appointed Representatives Improving But More To Do, Says UK Financial Conduct Authority

Date 06/09/2024

The FCA has set out good practice and areas for improvement to help principal firms effectively monitor their Appointed Representatives (ARs).