News Centre

SCOTEX - Closer To The Capital

Date 27/10/2016

On the 30th anniversary of Big Bang in 1986, the radical change in trading systems and capital markets deregulaton that powered London to trading dominance for the next 30 years, SCOTEX – the planned new stock exchange for Scotland – announces:

1) Big Bang 2: a radical new UK equities post-trade framework using a distributed ledger. The new system is called STARS: Secure Transaction Affirmation and Reporting System. The system will mean:

• Trades will settle almost immediately with no need for post-trade clearing.
• Trading will be much cheaper for everyone as users will be charged a low fee to access a ledger rather than being charged per transaction in a captive system.
• Sellers and their brokers will get their money almost instantly and no later than 15 minutes after a trade.
• Collateral holders do not need to post collateral so it is freed up to use elsewhere.

Fidessa's Buy-Side Community Gathers In New York To Examine Key Industry Issues

Date 27/10/2016

Fidessa group plc (LSE: FDSA) recently held its second annual buy-side client conference which brought together 70 senior executives from global asset management firms. Themed "Invested in the Future" the conference provided attendees with an opportunity to examine topics ranging from unbundling to block trading, and automation to post-trade.

BGC Partners Reports Third Quarter 2016 Financial Results

Date 27/10/2016

• BGC Declares Quarterly Dividend
• Conference Call to Discuss Results Scheduled for 10:00 AM ET Today

Wall Street Horizon Welcomes Jeff Parker, Former Thomson Financial Chairman And CEO, As An Investor And Advisory Board Member

Date 27/10/2016

Wall Street Horizon, a provider of accurate and timely corporate event dates and information for institutional investors and traders, today announced that Jeff Parker has joined the firm as an investor and Advisory Board member.   

CME Group Inc. Reports Strong Third-Quarter 2016 Financial Results

Date 27/10/2016

CME Group Inc. (NASDAQ: CME) today reported revenue of $842 million and operating income of $525 million for the third quarter of 2016.  Net income was $473 million and diluted earnings per share were $1.39.  On an adjusted basis, net income was $357 million and diluted earnings per share were $1.05.  Financial results presented on an adjusted basis for the third quarter of 2016 and 2015 exclude certain items, which are detailed in the reconciliation of non-GAAP results.

The Revolution Is Over. Long Live The Revolution! - Speech By Sam Woods - Bank Of England Deputy Governor For Prudential Regulation And Chief Executive Officer Of The Prudential Regulation Authority

Date 27/10/2016

At the Mansion House City Banquet, Sam Woods gives his first speech as the Bank of England’s Deputy Governor for Prudential Regulation and Chief Executive of the Prudential Regulation Authority (PRA). He welcomes the post-crisis revolution in regulatory standards and commits to completing their implementation, so that firms can adapt their business models to the new world.

Tokyo Stock Exchange And Nikkei: Calculation Of New Index “JPX-Nikkei Mid And Small Cap Index” (Tentative)

Date 27/10/2016

Tokyo Stock Exchange, Inc. (TSE) and Nikkei, Inc. (Nikkei) have agreed to launch a new index, "JPX-Nikkei Mid and Small Cap Index" (tentative name), that focuses on mid and small cap stocks. 

ASIC Releases Report On The Charging Of Advice Fees Without Providing Advice By Major Financial Institutions

Date 27/10/2016

The Australian Securities and Investments Commission (ASIC) today released Report 499 Financial advice: Fees for no service (REP 499).

Taiwan Stock Exchange Welcomes Taiwan High Speed Rail Corporation To Its Mainboard - Listing Of Major Infrastructure Asset Closed Up 59% From IPO Price 　

Date 27/10/2016

The Taiwan Stock Exchange (TWSE) today announced the debut of Taiwan High Speed Rail Corporation (THSRC, stock code: 2633 TW) on its Mainboard. The company operates the fastest and most technologically advanced high-speed railway, which has 12 stations across the island and links Taiwan’s main international airports and major science parks.

Oslo Børs VPS Holding ASA - 3rd Quarter 2016

Date 27/10/2016

Oslo Børs VPS Holding reports a profit of NOK 66 million for the third quarter of 2016 (NOK 73 million).

A more detailed presentation by business areas is provided in the quarterly report (enclosed).

The third quarter was characterised by a somewhat higher level of activity in the primary market relative to the third quarter last year, while the level of activity in the secondary market was somewhat lower relative to the third quarter last year.