News Centre

CFTC Swaps Report Update

Date 26/07/2017

CFTC's Weekly Swaps Report has been updated, and is now available.

Nasdaq Reports Second Quarter 2017 Results; Achieves Record Quarterly Net Revenues

Date 26/07/2017

• Net revenues1 were a record $602 million in the second quarter of 2017, an increase of 8% compared to the second quarter of 2016.  Subscription and recurring revenues2 increased 5% compared to prior year period and represented 75% of total net revenues in the second quarter of 2017.
• Second quarter 2017 GAAP diluted EPS was $0.87, while non-GAAP diluted EPS was $1.02.3 Compared to the second quarter of 2016, GAAP diluted EPS increased $0.45, or 107%, while non-GAAP diluted EPS increased $0.11, or 12%.
• GAAP operating margin increased to 41% in the second quarter of 2017, up from 31% in the second quarter of 2016 while non-GAAP operating margin rose to 48% in the second quarter of 2017, up from 46% in the second quarter of 2016.
• As of June 30, 2017, the company achieved $60 million in annualized run-rate cost synergies.  The company has also identified $10-$20 million in additional synergies to be realized upon completion of various platform migrations.
• The company is lowering its 2017 non-GAAP operating expense guidance to $1,260-$1,290 million.

ECB Details Approach To Implement Foreign Exchange Global Code Of Conduct

Date 26/07/2017

• ECB invites foreign exchange trading counterparties to publicly commit to FX Global Code
• Adherence to FX Global Code to be a prerequisite for membership of ECB’s Foreign Exchange Contact Group
• ECB reaffirms its commitment to principles set out in FX Global Code

Nasdaq Elects New Board Member - John D. Rainey Added To The Nasdaq Board

Date 26/07/2017

Nasdaq (Nasdaq:NDAQ) today announced the addition of John D. Rainey to the Nasdaq Board of Directors following his election by the board on July 25, 2017.

EEX To Launch Industrial Wood Pellets Cif ARA (Argus®) Futures On 19th September 2017

Date 26/07/2017

The European Energy Exchange (EEX) will launch financially settled industrial wood pellets futures based on the Argus® Wood Pellets cif ARA index* for trade registration on 19 September 2017.

Federal Reserve Issues FOMC Statement

Date 26/07/2017

Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Job gains have been solid, on average, since the beginning of the year, and the unemployment rate has declined. Household spending and business fixed investment have continued to expand. On a 12-month basis, overall inflation and the measure excluding food and energy prices have declined and are running below 2 percent. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance.

Deutsche Börse Increases Revenue And Earnings In Q2/2017 - Q2/2017: Net Revenue Amounted To €623.6 Million (+4%), Adjusted EBITDA To €379.5 Million (+7%), And Adjusted Net Income To €232.8 Million (+7%) / H1/2017: Net Revenue Of €1,247.0 Million (+3%) - Adjusted EBITDA Of €759.7 Million (+6%) And Adjusted Net Income Of €465.0 Million (+6%) / From The Group’s View It Is Still Possible To Achieve The Lower End Of Its Earnings Guidance For 2017, Subject To A Positive Development In The Cyclical Environment In H2/2017

Date 26/07/2017

Deutsche Börse AG published its results for the second quarter of 2017 on Wednesday. Net revenue stood at €623.6 million, an increase of 4 per cent year-on-year (Q2/2016: €600.7 million). The increase was largely driven by positive developments in the Clearstream segment as well as the growth in interest rate derivatives trading volumes at Eurex. These positive developments largely offset the growth-hampering effects of an ongoing low volatility environment, which led to lower trading activities on the cash market and in equity and index derivatives at Eurex. Adjusted operating costs were flat with €245.4 million (Q2/2016: €245.1 million) despite higher share-based compensation. Costs were adjusted for €26.0 million non-recurring effects mainly relating to M&A and restructuring expenses as well as provisions for litigations. Depreciation, amortisation and impairment losses increased due to higher investments in future growth. Adjusted net profit for the period attributable to Deutsche Börse AG shareholders (hereinafter referred to as “net income”) stood at €232.8 million, rising by 7 per cent year-on-year (Q2/2016: €218.5 million). Net income was adjusted for non-recurring tax provisions of €33.0 million related to the settlement reached with the U.S. Office of Foreign Assets Control (OFAC) in 2013.

FINRA Promotes Susan Schroeder To Head Of Enforcement; Announces Plan To Consolidate Existing Enforcement Functions Into A Single Department

Date 26/07/2017

The Financial Industry Regulatory Authority (FINRA) announced today that it has promoted Susan Schroeder to Executive Vice President and Head of Enforcement. In addition, FINRA plans to consolidate its existing enforcement functions into a new, unified enforcement group led by Schroeder. This consolidation is a result of FINRA360, the organization’s ongoing comprehensive self-evaluation and improvement initiative.

The Egyptian Exchange (EGX) And Bombay Stock Exchange (BSE) Sign A Memorandum Of Understanding

Date 26/07/2017

In an important step towards their mutual goals to build capital flows and communication channels, The Egyptian Exchange (EGX) and Bombay Stock Exchange (BSE) today signed a Memorandum of Understanding (MOU) that includes mutual cooperation and the exchange of information across both Exchanges’ business areas.

Statement Of US Secretary Steven T. Mnuchin United States Department Of The Treasury Before The Committee On Appropriations Subcommittee On Financial Services And General Government United States Senate

Date 26/07/2017

Chairwoman Capito, Ranking Member Coons, and members of the subcommittee, thank you for inviting me to meet today. I look forward to working with this subcommittee on funding key priorities for the benefit of the American people.