News Centre

Gunvor Group 2016 Results

Date 03/04/2017

Gunvor Group Ltd ("Gunvor"), one of the world's leading independent commodities trading houses, today released results for the year ended 31 December 2016:

--  Total trading volumes increased to 187 million MT from 180 million MT
    the year prior. The continued growth comes despite the exclusion of
    metals-related volumes following the discontinuation of metals trading
    at the end 2015.

--  Revenue for 2016 was US $47 billion, a decrease from US $64 billion in
    2015, reflecting the continued decline in the price of commodities.

--  Net profit after taxes for 2016 was US $315 million, a decrease from US
    $1.25 billion in 2015, a year in which Gunvor executed a number of
    significant asset sales; however, the figure represents an increase in
    underlying profit year-over-year.

Intesa Sanpaolo Selects Bloomberg IFRS 9 SPPI Data To Streamline Adoption Of New Accounting Standard

Date 03/04/2017

Bloomberg announced today that Intesa Sanpaolo, the Italian banking group, is using accounting data from Bloomberg to comply with the International Financial Reporting Standard 9, known as IFRS 9, an accounting framework released by the International Accounting Standards Board (IASB).

Bursa Malaysia Securities Publicly Reprimands Tecnic Group Berhad And Fines Three Of Its Directors A Total Of RM150,000

Date 03/04/2017

Bursa Malaysia Securities Berhad (635998-W) (Bursa Malaysia Securities) has publicly reprimanded TECNIC GROUP BERHAD (TECNIC) and 3 of its directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). In addition, the 3 directors of TECNIC at the material time has been fined a total of RM150,000.

Japan Exchange Group: Trading Overview In FY2016 & March 2017

Date 03/04/2017

Japan Exchange Group released the trading overview (preliminary estimates) for FY2016 & March 2017.

Euronext And Intercontinental Exchange Sign Agreement For Derivatives Clearing

Date 03/04/2017

• Euronext and ICE Clear Netherlands sign binding Heads of Terms for the provision of derivatives and commodities clearing services
• Improved value proposition for customers, including lower clearing fees
• Commercial open access structure delivers continued long term and sustainable clearing income for Euronext, with comparable levels of EBITDA
• Formal clearing services agreement expected Q2 2017
• Derivatives clearing operations in Amsterdam combined with settlement and collateral infrastructure operated from Paris
• Migration in H2 2018, ahead of the expiration of existing agreement with LCH.Clearnet SA
• Subject to regulatory approval

Bats Europe Expands BXTR To Offer Buy-Side Trade Reporting Services

Date 03/04/2017

• Bats Europe provides new “assisted reporting model” service to buy-side customers to meet their MiFID II trade reporting obligations
• New service enables brokers to submit trade reports on behalf of buy-side via BXTR, Bats’ trade reporting facility, providing a low-cost, light-weight buy-side trade reporting solution
• BXTR will transition to Approved Publication Arrangement (APA) under MiFID II

London Stock Exchange Welcomes Fidelity International As New ETF Issuer

Date 03/04/2017

• Fidelity International launches first range of smart beta ETFs
• 26 dedicated ETP issuers now active on London Stock Exchange
• More than £83 billion of on-exchange  trading in ETPs on London Stock Exchange in first quarter of 2017

Opus Simplifies KYC With New Out-Of-The-Box SaaS Solution

Date 03/04/2017

Compliance and Risk Management SaaS technology leader Opus announced today the launch of Alacra Compliance Professional (ACP), the new plug-and-play KYC (Know Your Customer) compliance solution. ACP is an entry-level, preconfigured version of ACE (Alacra Compliance Enterprise), the leading SaaS KYC workflow solution. Requiring no hardware,  software or IT resources, the solution needs only simple configuration of your data sources to be up-and-running. ACP is the perfect fit for banks with less complex requirements, for whom speed and ease of deployment are of critical importance.

Senior Risk Appointment At MarketInvoice - Shaun Alexander Joins As Head Of Risk From Santander - Risk Team To Evolve AI And Machine Learning Capabilities To Enhance Proposition - Appointment To Support Growth Ambitions, Double Lending To £2bn

Date 03/04/2017

MarketInvoice, the world’s largest peer-to-peer online invoice finance marketplace, has today announced the appointment of Shaun Alexander as Head of Risk. He is a highly regarded senior management level professional with over 30 years’ experience in retail and corporate banking, namely at Barclays and Santander, where he led teams focussing on asset-based lending and business finance. 

Deutsche Börse Welcomes Fidelity International As New ETF Issuer On Xetra - Smart Beta ETFs Provide Access To High-Dividend Quality Companies

Date 03/04/2017

Smart beta ETFs issued by Fidelity International are tradable on Xetra and Börse Frankfurt as of today, constituting Fidelity's first ETF offering in Europe.