Mondo Visione Worldwide Financial Markets Intelligence

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News Centre

  • HKEX 2016 Third Quarter Results

    Date 02/11/2016

    The Board is pleased to present the unaudited consolidated results of the Group for the nine months ended 30 September 2016.

    Key Messages

    • Revenue and overall financial performance remained steady in Q3 2016, compared to the prior quarter, with some pick-up in volumes during September.
    • Revenue and other income for YTD Q3 2016 was 20 per cent lower than the prior period. However, after excluding exceptional gains of $514 million in YTD Q3 2015, revenue and other income decreased by 16 per cent. The significant drivers of Group revenue during the period were:

     

    1. Subdued activity on the Cash Market in Hong Kong and Commodities trading on the LME.
    2. Increased trading of derivatives contracts on the Futures Exchange.

     

    • Operating expenses increased by 2 per cent against YTD Q3 2015. After eliminating a one-off recovery of $77 million from the liquidators of Lehman Brothers Securities Asia Limited in YTD Q3 2015, underlying operating expenses have reduced by 1 per cent compared to the prior period.
    • Profit attributable to shareholders decreased by 30 per cent against YTD Q3 2015, where exceptionally high trading income delivered record high profits for the Group, or by 23 per cent after adjusting for the one off items referred to above. Notwithstanding difficult trading conditions, the YTD Q3 2016 profit attributable to shareholders compares well with pre 2015 results and was 24 per cent higher than the equivalent period in 2014.

  • UK's Financial Conduct Authority: Debt Purchaser Motormile Finance Agrees To Redress Package

    Date 02/11/2016

    Motormile Finance UK Limited, a debt purchase and collections firm, has entered into an agreement with the Financial Conduct Authority (FCA) to provide redress to more than 500,000 customers for historic failures in its due diligence and collections process.

  • Fidessa Scoops Legal 500 UK Award - Named Best In-house Team In The Technology Sector

    Date 02/11/2016

    Fidessa group plc (LSE: FDSA) today announced that its legal team has been named In-house Team of the Year for the Technology Sector in the Legal 500 UK 2017 awards. Recognising the best in-house and private practices across a range of industry sectors, the awards are based on comprehensive research into the UK legal market over a 12-month period, including feedback from more than 70,000 interviews.

  • Boerse Stuttgart Records Show Turnover In Region Of EUR 5.8 Billion For October - Trading In Equities Up - Year-On-Year Increase In Turnover From Investment Products

    Date 02/11/2016

    Based on the order book figures, turnover at Boerse Stuttgart reached almost EUR 5.8 billion in October, with securitised derivatives accounting for the lion’s share of the total. The monthly trading volume in this asset class was nearly EUR 2.5 billion. Leverage products contributed around EUR 1.2 billion on a par with the previous month, while turnover from investment products rose by over 5 percent year on year to reach just under EUR 1.3 billion.

  • SimCorp Survey Reveals Optimism Among Investment Managers About Own Growth Prospects

    Date 02/11/2016

    SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today released a survey, which shows significant assets under management (AuM) and revenue growth expectations from investment managers in the next three years. The majority of the surveyed firms cited ‘provision of superior service’ and ‘product innovation’ as the main areas of focus for supporting growth.