News Centre

Bank Of England: Positive Externalities - Speech By Martin Taylor, External Member of the Financial Policy Committee, Given At The Queen's University, Belfast

Date 07/02/2019

As he comes towards the end of his term, Martin Taylor reflects on his time as an external member of the Bank of England’s Financial Policy Committee. He talks about what external members do and the skills and experience they can bring. He compares their role to that of a non-executive director in the private sector.

Moldovan Ex-PM's Son Forced To Hand Over Nearly Half A Million Pounds: Global Witness Response

Date 07/02/2019

In response to today's announcment from the UK's National Crime Agency that the son of an ex-Moldovan PM has been forced to hand over nearly half a million pounds, Ava Lee, Senior Anti-Corruption Campaigner at Global Witness said:

"This kid is the son of an former Prime Minister imprisoned for abuse of power related to a billion dollar scandal, driving to uni in a Bentley, renting a pent-house that costs more each day than most students pay a month. The National Crime Agency should now be asking the bank, the university, the estate agent and the car dealer what checks they made on this suspicious spender and his Cayman Island companies."

Jobs In ETFs Closes Seed funding Round To Expand Its Platform And Team

Date 07/02/2019

Jobs in ETFs, the world’s first ETF Career Platform and Specialized Recruitment Provider for the ETF Industry, successfully completed a major funding round from veteran investors Cheah Cheng Hye, nicknamed “the Warren Buffett of Asia”, and Jay Pelosky, former top ranked Morgan Stanley Global Strategist. The founder, Claud Mitrache, has retained majority interest in Jobs in ETFs and is working to build up its team and online platform to keep up with strong hiring demand from the ETF industry. This is the first outside fundraising by Jobs in ETFs, which commenced operations in 2017 with just founder’s money.

Vela Wins Best DMA Offering For The Fourth Time - Recognized In The Fund Technology And WSL Awards 2019 For Its High-Performance, Low Latency Market Access Platform

Date 07/02/2019

Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading, today announced that it has once again been named Best DMA Offering in the Fund Technology and WSL Awards 2019 for the fourth year.

EGX Launches A New Index " EGX 30 Capped"

Date 07/02/2019

• The index sets a maximum limit of the weight of any security in the index byabout 15%
• EGX Chairman: The new index enhances growth opportunities of investment funds industry and contributes to investment options diversification

EGX: Lists Of Stocks Allowed For Specialized Activities (Feb 2019)

Date 07/02/2019

In the framework of EGX periodical review, both lists of stocks allowed for specialized activities are amended as follows starting from 10 February 2019 session: (attached detailed lists)

Intercontinental Exchange Announces 15% Increase To Its Quarterly Dividend

Date 07/02/2019

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced board authorization of its first quarter 2019 dividend of $0.275 per share, up 15% from its previous $0.24 per share quarterly dividend in 2018.

Deutsche Bank Transforms Global Collateral Management With CloudMargin Platform - Initiative Brings Client Transparency, Operational Efficiencies And Cost Savings

Date 07/02/2019

CloudMargin, the award-winning creator of the world's first and only collateral and margin management solution native to the cloud, and Deutsche Bank, Germany's leading bank, announced today that, as part of its global transformation programme, the bank is working with CloudMargin to integrate the CloudMargin platform into its Collateral infrastructure. In addition to cost savings, the move is expected to improve the client experience by creating a networked solution for Deutsche Bank's collateral management, resulting in additional transparency, reduced operational risk and simpler processes.

Intercontinental Exchange Reports Fourth Quarter 2018

Date 07/02/2019

• Fourth quarter revenues of $1.3 billion, +14% y/y
• GAAP diluted EPS of $1.07
• Adj. diluted EPS of $0.94, +25% y/y
• Operating margin of 52%; Adj. operating margin of 58%
• Nearly $1.8 billion returned to stockholders in 2018, +23% y/y

IOSCO Practices Aim To Create Robust Framework For Commodities’ Storage And Delivery

Date 07/02/2019

The International Organization of Securities Commissions (IOSCO) today published a report that sets out good or sound practices to assist relevant storage infrastructures and their oversight bodies to identify and address issues that could influence the pricing of commodity derivatives and in turn affect market integrity and efficiency.