News Centre

The Nigerian Stock Exchange Recorded The Largest Single Trade Since 1997

Date 09/09/2014

​A total of 243,540,000 units of DANGOTE CEMENT PLC [DANGCEM] at N200 per share, valued at N48.708 billion were traded today Monday, September 8, 2014 as an Off-Market trade.  This remarkable trade between the seller, Dangote Industries Limited and the buyer, Investment Corporation of Dubai was executed by Meristem Securities Limited. The transaction is now the largest single trade on The Nigerian Stock Exchange since 1997.

SGX And TWSE Study Stocks Trading Link

Date 09/09/2014

Singapore Exchange (SGX) and Taiwan Stock Exchange (TWSE) will enter a Letter of Intent tomorrow to study and work towards linking the two stock markets.

BlackRock ETP Landscape: Best August On Record - ETPs With Exposure To EM And Asia Equity In Demand During August As European Equity Fades

Date 09/09/2014

In the BlackRock ETP Landscape series of reports, the Industry Highlights provides commentary on the global Exchange Traded Products (ETPs) industry as of August 2014.

Clearstream: Study Shows Scope For Further Significant Savings From ECB Initiative TARGET2-Securities - Study Supported By Oliver Wyman Highlights That Banks Need To Act Now To Reap Full Benefits Of The European Central Bank (ECB) Initiative TARGET2-Securities (T2S)/Benefits Of T2S Go Much Beyond Initial Scope Of Pan-European Harmonization Of Cross-Border Settlement/Brokers, Custodians And Regional Banks Could Save Between EUR 30 Million And EUR 70 Million Per Annum

Date 09/09/2014

The European Central Bank’s TARGET2 Securities (T2S) initiative could allow brokers, custodians and banks to each save between EUR 30 and EUR 70 million annually if they take action now to optimize their securities and cash supply chain to take full advantage of the T2S model, according to analysis conducted by Oliver Wyman and commissioned by Clearstream, a Deutsche Börse Group company. 

The Egyptian Exchange (EGX) Monthly Statistical Report August 2014

Date 09/09/2014

Listing

Total number of listed companies on the main market amounted to 214 at the end of August 2014. Meanwhile, the number of listed companies on Nilex reached 25 at the end of the month.

Telecoms Software Provider Linxa Signs OEM Agreement With Azul Systems - Integrated Product Helps Service Providers Improve Efficiency And Profitability Of Their Wholesale Voice And Data Solutions

Date 09/09/2014

Linxa, a provider of interconnect business optimization solutions to telecom carriers and operators, and Azul Systems Inc. (Azul), the award-winning leader in Java runtime innovation, today announced an OEM agreement under which Linxa will integrate Zing®, Azul’s high-performance Java runtime, into its telecom voice switch solutions to dramatically improve response time consistency and reduce maximum latencies to under 25 milliseconds.

London Stock Exchange Group (LSEG) Extends Partnership With Mongolian Stock Exchange

Date 09/09/2014

• Strategic partnership extended by a further three years
• Chultem Ulaan, Mongolian Finance Minister opens London trading
• Builds on three years of successful technology, regulatory and business development

Shenzhen Stock Exchange Chooses Kx For Trading Analytics In Financial Innovation Laboratory

Date 09/09/2014

Kx Systems, a 20-year leader in high-performance database and time-series analytics, has been selected by the Laboratory for Financial Innovation at the Shenzhen Stock Exchange (SZSE) in Shenzhen, China for trading analytics.

BGC Partners Announces Intent To Commence All Cash Tender Offer To Acquire GFI Group Shares For $5.25 Per Share - Provides Superior Value And Immediate Liquidity To GFI Group Shareholders - Combination Will Enhance BGC's Brokerage Capabilities And Expand Presence In Energy Markets

Date 09/09/2014

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company primarily servicing the financial and real estate markets, yesterday announced it intends to commence a tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) for $5.25 per share in cash in a transaction valued at approximately $675 million.  BGC currently owns approximately 13.5% of GFI Group's common stock.  BGC notified the GFI Group Board of Directors by letter earlier yesterday of its intention to commence a tender offer.  The text of the letter is set forth below.

Calastone Appoints Industry Veteran Jonathan Willis As Chief Commercial Officer

Date 09/09/2014

Calastone, the global funds transaction network, today announced the appointment of Jon Willis as Chief Commercial Officer starting 1^st October 2014.