News Centre

TMX Group Limited Reports Results For Fourth Quarter And Full Year 2018

Date 14/02/2019

• Revenue of $207.6 million, up 22%, including 8% organic revenue growth, compared with Q4/17 
• Diluted earnings per share of $1.24, down 66%, or up 72% from continuing operations, compared with Q4/17 
• Adjusted diluted earnings per share of $1.31 up 7%, or up 17% from continuing operations over Q4/17 
• Cash flows from operating activities of $68.4 million, up 15% over Q4/17 #Increased quarterly dividend by 4 cents per common share, up 7% to 62 cents per common share

Federal Reserve Board Identifies Error In Historical Dataset Used In Its 2019 Stress Tests And Issues Correction

Date 13/02/2019

The Federal Reserve Board identified an error in the historical dataset used in its 2019 stress tests and issued a correction.

CFTC Requests Public Comment On A Rule Amendment Certification Filing By ICE Futures U.S.

Date 13/02/2019

The Commodity Futures Trading Commission (CFTC) is requesting public comment on a rule amendment certification filing by ICE Futures U.S., Inc. (IFUS). The amendment to IFUS Rule 4.26 would allow for the implementation of Passive Order Protection (POP) Functionality. As described in the certification, POP Functionality is intended to reduce latency advantages between traders engaged in arbitrage strategies against related markets. The POP Functionality would be implemented in the Gold Daily and Silver Daily futures markets. Comments must be submitted on or before March 15, 2019.

Office Of The Comptroller Of The Currency Bulletin: Amendments To The Stress Testing Rules For National Banks And Federal Savings Associations: Notice Of Proposed Rulemaking

Date 13/02/2019

Summary

The Office of the Comptroller of the Currency (OCC) published a notice of proposed rulemaking in the Federal Register on February 13, 2019, that would amend the OCC’s stress testing rule at 12 CFR 46. The proposed rule implements the requirements imposed by section 401 of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).

CFTC Chairman Giancarlo To Speak At USDA’s 95th Annual Agricultural Outlook Forum

Date 13/02/2019

SEC Charges Former Senior Attorney At Apple With Insider Trading

Date 13/02/2019

The Securities and Exchange Commission today filed insider trading charges against a former senior attorney at Apple whose duties included executing the company’s insider trading compliance efforts.  

CFTC Swaps Report Update

Date 13/02/2019

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

Deutsche Börse AG Ends Q4 And The Full Year 2018 With Strong Growth

Date 13/02/2019

• Net revenue up 16 per cent in Q4/2018, to €740 million 
• Net profit (adjusted) up 19 per cent year-on-year in Q4/2018 
• Net revenue up 13 per cent in full year 2018, to €2.8 billion 
• Net profit (adjusted) up 17 per cent in full year 2018, to €1.0 billion
• Earnings per share (adjusted) of €5.42 for the full year 2018 
• Proposed dividend increase by 10 per cent, to €2.70 per share 
• For 2019, secular net revenue growth of at least 5 per cent, and adjusted net profit growth of around 10 per cent expected 
• Confirmation of mid-term targets for adjusted net profit growth of an annual average of 10 to 15 per cent as part of the “Roadmap 2020” strategy

Market Abuse Requires A Dynamic Response To A Changing Risk Profile - Speech Delivered By Julia Hoggett, Director Of Market Oversight At The FCA, At The AFME Implementation Of The Market Abuse Regulation In The UK Event, London

Date 13/02/2019

Highlights

• Compliance with MAR requires a whole series of situational judgements to be made.
• A regulatory system that relies on controls that work by detecting when an event has happened, will never be as effective as a system that also helps ensure that misconduct does not happen in the first place. Whilst it is important that both regulators and participants have controls to detect suspicious behaviour, it is critical that we consider how we protect the market from such behaviour occurring on our watch in the first place.
• Firms need effective risk assessments and must consider for themselves the manner in which their systems and controls evolve as the risks within their businesses evolve.
• Control of information leaving a firm is as important as control of information moving within a firm.
• Firms need to take responsibility to ensure staff understand the consequences of unlawful behaviour and must be vigilant to ensure it is not happening within their walls. Greater awareness of the risks of market abuse is needed.
• Access controls, surveillance capabilities and general mindset in investment banking and advisory platforms is not yet as evolved as it should be.
• There is still more for the industry to do to improve its capacity to surveil for market manipulation.

The 51st Executive Committee Meeting Of The African Securities Exchanges Association

Date 13/02/2019

The Executive Committee of ASEA convened its first meeting in Marrakech, Morocco, on February 9, 2019 under the chairmanship of its newly elected President, Mr. Karim Hajji, Chief Executive Officer (CEO) of Casablanca Stock Exchange.