News Centre

OCC Named Best Clearing House By Markets Media

Date 25/04/2018

OCC, the world's largest equity derivatives clearing organization, today said it was named Best Clearing House by Markets Media. The award was presented to OCC on April 24 in New York as part of the publication's 6th Annual Markets Choice Awards.

David Harris Joins Mizuho In Convertible Bonds And Seiichi Matsunaga Transfers To New York

Date 25/04/2018

Mizuho Americas today announced that Seiichi Matsunaga has transferred from the Tokyo office to head the Japan broker-dealer business based in New York City and David Harris has been hired to trade convertible bonds. Both are previously existing roles for the firm, with Matsunaga reporting to Matthew DeSalvo, Head of Equities and Harris to Daniel Albert, Managing Director, Convertible Bonds. 

ISDA Publishes Guide To Navigating Derivatives Trading On US/EU Trading Venues

Date 25/04/2018

ISDA has published a new paper that analyzes the implications of trading venue recognition between the US and European Union (EU), and flags areas where further alignment of rules is necessary.

FCA Response To The Independent Review Of The Funding Of Debt Advice By Peter Wyman

Date 25/04/2018

Peter Wyman’s report(link is external) into the funding and delivery of debt advice in the UK is an important step which will make a real difference to policy and practice in this vital area. Good quality advice, delivered in a cost effective way, is crucial in helping avoid harm to consumers struggling with debt, many of whom can be vulnerable. We are working through the detail of the recommendations that affect the FCA directly, and look forward to working closely with the Money Advice Service and other stakeholders as we think about how we might act on the report’s findings.

Key Information Relating To The Proposed Cash Dividend By Oslo Børs VPS Holding ASA

Date 25/04/2018

Dividend amount: NOK 4.20 per share

Nasdaq Files Form 8-K with Financial Results For The First Quarter Of 2018

Date 25/04/2018

On April 25, 2018, Nasdaq filed a Form 8-K with the U.S. Securities and Exchange Commission attaching a press release announcing the financial results for the first quarter of 2018. The Form 8-K can be accessed on Nasdaq's website at http://ir.nasdaq.com/sec.cfm and on the SEC's website at http://www.sec.gov.

Gemini To Launch Market Surveillance Technology In Collaboration With Nasdaq - Nasdaq Is Providing SMARTS Market Surveillance Technology To Monitor Cryptocurrency Market

Date 25/04/2018

Gemini Trust Company, LLC (Gemini) and Nasdaq Inc. (Nasdaq:NDAQ) announced today that Gemini will be leveraging Nasdaq’s SMARTS Market Surveillance technology to monitor its marketplace. The technology, which is considered the most widely deployed surveillance system in the world, will enable Gemini to monitor across all of its trading pairs, including: BTC/USD, ETH/USD and BTC/ETH. Further, SMARTS will also surveil activity across the Gemini auction process that is used to determine the settlement price for the Bitcoin XBT futures contracts that trade on Cboe’s CFE Exchange.

Nasdaq Reports First Quarter 2018 Results - Delivers Strong Growth In Revenues And Income

Date 25/04/2018

• First quarter 2018 net revenues1 were $666 million, a 15% increase compared to the first quarter of 2017. 
• Organic growth in net revenues during the first quarter totaled 9%, with positive contribution from all four segments.
• First quarter 2018 GAAP diluted EPS was $1.05 compared to $0.99 in the first quarter of 2017, while non-GAAP diluted EPS2 was $1.24, an increase of 31% from the first quarter of 2017.
• During the first quarter of 2018, the company repurchased common shares valued at $99 million.  Dividends paid and share repurchases totaled $162 million in the first quarter, and on March 28, 2018, the company announced a 16% increase in the quarterly dividend to $0.44 per share.
• As announced on April 16, 2018, the company achieved another milestone in its strategic pivot by completing the sale of the Public Relations Solutions and Digital Media Services businesses.   The company plans to return the after-tax net proceeds of the sale to shareholders through additional equity repurchases and expects to continue to balance our investment activities toward Market Technology and Information Services.

ICE Benchmark Administration Publishes Report Outlining Evolution Of ICE LIBOR And Transition To The Waterfall Methodology

Date 25/04/2018

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Benchmark Administration Limited (IBA) has published a report outlining the evolution of ICE LIBOR.

BETTER FINANCE: The EC Study On Retail Investment Products Confirms A Dire Need For Simple Investment Products, More Transparency On Performance And Costs And Independent Comparison Tools

Date 25/04/2018

Today the European Commission released the results of its study on the current features and functioning of the European market for retail investment products.