News Centre

ICE Data Services Launches Market-Based Index To Track And Benchmark The Global Price Of Carbon - Creates Critical Component For Enabling The Energy Transition

Date 22/04/2020

Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the launch of a new index designed to track and benchmark the global price of carbon. This is an important part of efforts to measure and reduce the emission of carbon dioxide CO2 and other pollutants in economies around the world.

EBRD President And Gordon Brown Call For International Cooperation In Coronavirus Battle

Date 22/04/2020

The President of the European Bank for Reconstruction and Development (EBRD) Sir Suma Chakrabarti and former UK Prime Minister Gordon Brown have called for greater international cooperation to deal with the impact across the globe of the coronavirus pandemic.

Nasdaq Reports First Quarter 2020 Results, Adapts To COVID-19 While Delivering For Clients

Date 22/04/2020

• Nasdaq thanks all front-line workers who are committed to providing essential services to those impacted by the COVID-19 pandemic. The company’s relief efforts will support small businesses, food provisioning to vulnerable communities, and the safety of healthcare workers.
• First quarter 2020 net revenues1 were $701 million, an increase of 11% over the first quarter of 2019. Compared to the prior year period, revenues in the non-trading segments2 increased 7%, primarily due to organic growth, while Market Services revenues rose 21%, due to historic trading volumes primarily in the second half of the first quarter.
• The GAAP operating margin was 39% in the first quarter of 2020, down from 43% in the prior year period, due to bond refinancing costs, while the non-GAAP operating margin3 of 52% increased from 49% in the prior year.
• First quarter 2020 GAAP diluted earnings per share was $1.22, down from $1.48 in the first quarter of 2019, with the decrease largely due to bond refinancing costs in the first quarter of 2020, and a gain on the sale of a business and income from our equity interest in an equity method investment in the first quarter of 2019. First quarter 2020 non-GAAP earnings per share was $1.50, compared to $1.22 in the first quarter of 2019.
• During the first quarter of 2020, the company strengthened its balance sheet by increasing cash reserves to address any potential short-term funding risks due to the effects of COVID-19. Additionally, Nasdaq refinanced all of its 3.875% senior notes due 2021, extending our nearest bond maturity to May 2023.

Moscow Exchange: Risk Parameters Change For The Security XS0088543193

Date 22/04/2020

As per the Securities market risk parameters methodology, on 22.04.2020, 13-10 (MSK) the upper bound of the price band (up to 174.4829) and initial margins (up to 7.5 %) for the security XS0088543193 were changed. New values are available here

Dubai Financial Services Authority Published Markets Brief No. 20 - DFSA Listing Regime For SMEs

Date 22/04/2020

The Dubai Financial Services Authority (DFSA) has published Markets Brief No. 20 yesterday, which sets out guidance for Small or Medium Sized Enterprise (SMEs) and their advisers on the DFSA listing regime for SMEs which came into effect on April 1, 2020. The listing regime enables SMEs to raise funds through the capital markets by issuing shares, listing these shares on the DFSA Official List of Securities and admitting them to trading on an Authorised Market Institution in the Dubai International Financial Centre (DIFC). To read more click here.

GoBubble Appoints FinTech Veteran John Lloyd As CMO

Date 22/04/2020

GoBubble, the leader in building safer, healthier and kinder digital communities, announces that it has appointed fintech veteran John Lloyd as chief marketing officer. John joins from ClearlySo, Europe’s leading impact investment bank, where he led marketing for the past four years.

In Cooperation With S&P Dow Jones Indices And Hawkamah: Dubai Financial Market Launches The First Of Its Kind ESG Index Aiming To Strengthen UAE Markets’ Competitiveness And Attract Investments

Date 22/04/2020

• The new index consists of 20 companies and aims to encourage listed companies in the UAE to expand embracing ESG best practices
• H.E. Sultan Almansoori: “the index promotes culture of governance and enhances investors’ confidence in the UAE capital market”
• H.E. Essa Kazim commented, “significant initiative in line with international institutions’ mounting inclination to factor ESG into their investment decisions”
• Dr. Obaid Al Zaabi: “the index will raise awareness about the importance of implementing principles outlined in the new governance guide for public joint-stock companies”
• Dr. Ahmad Bin Al Shaikh: “there is no better time to encourage responsible behaviors than now, the new ESG index will create good competition between listed companies to do the right thing”

• Reid Steadman: “We look forward to working with our partners and clients in the Middle East and globally to bring ESG into the core of investors’ portfolios”

SGX RegCo Grants Auto-Extension For Release Of Unaudited Financial Results For FYs Ended Feb, Mar And April 2020

Date 22/04/2020

Singapore Exchange Regulation (SGX RegCo), in consultation with the Monetary Authority of Singapore (MAS), will grant an automatic 2-month extension to issuers with financial year-ends (FY-end) of 29 Feb 2020 or 31 March 2020 ; and a 1-month extension to issuers with a 30 April 2020 FY-end, to release their full year unaudited results (Waiver).

UAE Securities And Commodities Authority Issues Circular To Licensed Companies On Controls And Requirements Concerning UAE Nationals Working In The Securities Sector

Date 22/04/2020

As part of its efforts to contain the consequences of the coronavirus outbreak and limit its effects on the securities sector, the Securities and Commodities Authority (SCA) required the companies it licensed, in a circular issued yesterday, to comply with a number of controls and requirements concerning the UAE nationals working there. 

Technology Will Be Key Differentiator In Risk Management According To New Aite Group Study

Date 22/04/2020

Digitalisation of risk technology will be a pivotal factor in the monitoring and management of risk during increasingly common periods of volatility and continuing market uncertainty, according to findings by Aite Group, a global research and advisory firm, and Torstone Technology, a leading provider of post-trade processing and risk management.