News Centre

SGX Reports FY2016 Net Profit Of $349 Million

Date 27/07/2016

Singapore Exchange (SGX) today announced net profit of $349.0 million for FY2016, unchanged from the previous year. This included an impairment charge of $6.0 million on SGX’s investment in the Bombay Stock Exchange. Revenue was $818.1 million, up 5%. Earnings per share was unchanged at 32.6 cents per share. The Board of Directors has proposed a final dividend of 13.0 cents per share, bringing total dividend for the year to 28.0 cents per share, unchanged from a year earlier.

HKEX: Forfeiture Of Unclaimed Interim Dividend For 2010

Date 27/07/2016

Pursuant to the Articles of Association of Hong Kong Exchanges and Clearing Limited (“HKEX”), the unclaimed interim dividend for 2010 will be forfeited and will revert to HKEX on 8 September 2016.

New ‘Smart Beta’ Indices For Pension Funds Debut In Taiwan - ‘TIP TAIEX+ Dividend Appreciation 100 Index’ And ‘TIP TAIEX+ Dividend Appreciation 150 Index’ To Bring More Innovation To The Taiwan Capital Market

Date 27/07/2016

Taiwan Index Plus Corporation (TIP), a wholly-owned subsidiary of the Taiwan Stock Exchange (TWSE), today announced the launch of two new ‘smart beta’ indices – the ‘TIP TAIEX+ Dividend Appreciation 100 Index’ (DVA 100 Index) and the ‘TIP TAIEX+ Dividend Appreciation 150 Index’ (DVA 150 Index).

KCG To Acquire Neonet - Acquisition Further Strengthens KCG’s Reach In Europe

Date 27/07/2016

KCG Holdings, Inc. (NYSE: KCG) (“KCG”) today announced that it has entered into a definitive agreement to acquire Neonet Securities AB (“Neonet”), an independent agency broker and execution specialist based in Stockholm, Sweden from its shareholders, Hay Tor Capital, KAS BANK and Cidron Delfi Intressenter Holding. Financial terms were not disclosed.  

Euronext Pursues Innovation Strategy With Tredzone

Date 27/07/2016

Euronext, the leading pan-European exchange in the Eurozone, has signed a partnership agreement with Tredzone, a technology solution provider specialised in developing software tools for handling complex data with high volumes and guaranteed latency.

Comment From John Colley, Professor Of Practice, Warwick Business School: LSE And Deutsche Boerse Merger - The True Cost Of The Deal

Date 27/07/2016

Commenting on the latest developments of the proposed LSE Deutsche Borse merger, John Colley, a Professor of Practice at Warwick Business School who is an expert on mega mergers, made the following statement:

"The 75% vote requirement had to be lowered to 60% to ensure the deal was passed, an indication of how keen CEO Carsten Kengeter and the Deutsche Borse board are on doing the deal. Kengeter is to become CEO of the combined organisation. The deal now has to pass regulatory, competition and political approval. Each will require its own concessions. Will the deal still be worthwhile after the many likely accommodations? How much of the €450M savings will be achieved?"

BSO Delivers Fastest Connectivity Between CME And Moscow, Dubai And Mumbai - Launches Three New Premium Ultra Low-Latency Trading Routes Between Chicago And Major Global Financial Hubs

Date 27/07/2016

BSO, the global Ethernet network, cloud and hosting provider, announces it has engineered the fastest available trading routes between CME and key financial hubs in Moscow, Dubai and Mumbai. As a well-established market leader in connectivity between established and emerging markets across Europe, the Middle East and Asia, BSO is extending its premium ultra-low latency services across the Atlantic.

Westpac MNI China Consumer Sentiment Indicator Scales Back In July - Consumers Less Positive Across A Wide Range Of Sentiment Measures

Date 27/07/2016

Confidence among Chinese consumers eased slightly in July as respondents grew more nervous about their personal finances, amid renewed weakness in the labour market, with a growing proportion opting to refrain from purchasing big ticket items.

Appointment Of Independent Directors By Tokyo Stock Exchange-Listed Companies [Final Figures]

Date 27/07/2016

Tokyo Stock Exchange, Inc. has published “Appointment of Independent Directors by TSE-Listed Companies”, based on corporate governance reports submitted by listed companies as of July 14, 2016.

US Department Of Justice: State Street Bank To Pay $382 Million To Settle Allegations Of Fraudulent Foreign Currency Exchange Practices

Date 27/07/2016

U.S. Attorney Carmen M. Ortiz for the District of Massachusetts, Director Andrew J. Ceresney of the Division of Enforcement for the Securities and Exchange Commission (SEC) and Secretary Thomas E. Perez of the U.S. Department of Labor (DOL), announced today that State Street Bank and Trust Company, a Massachusetts-based financial institution, agreed to pay a total of at least $382.4 million, including $155 million to the Department of Justice, $167.4 million in disgorgement and penalties to the SEC and at least $60 million to ERISA plan clients in an agreement with the DOL, to settle allegations that it deceived some of its custody clients when providing them with indirect foreign currency exchange (FX) services.