News Centre

NZX Showing Ongoing Strength Through Economic & Market Cycles

Date 23/08/2024

NZX Limited today announced operating earnings (EBITDA) of $22.4 million for the six months ended 30 June 2024, up 12% on H1 2023, demonstrating positive momentum in delivering to its growth strategy. Excluding acquisition, integration and restructure costs, Group operating earnings (EBITDA) for the same period were $22.9 million – up 11.5%.

ASIC Continues Action On Misleading Claims To Deter Greenwashing Misconduct

Date 23/08/2024

ASIC has made 47 regulatory interventions to address greenwashing misconduct during the 15-month period up to 30 June 2024, including the commencement of two Federal Court proceedings and over $123,000 in infringement notice payments.

U.S. Department Of Justice: Former Energy Trader For Vitol Inc. Pleads Guilty To International Bribery Scheme

Date 22/08/2024

A former energy trader pleaded guilty yesterday for his role in a scheme to bribe Mexican government officials to secure contracts for his then-employer, Vitol Inc. (Vitol), the U.S. affiliate of the largest independent energy trading firm in the world.

OCC Announces Enforcement Actions For August 2024

Date 22/08/2024

The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.

GPW Group’s Record-High Revenue In Q2 2024

Date 22/08/2024

The Warsaw Stock Exchange Group generated record-high sales revenue of PLN 120.9 million in Q2 2024, a year-on-year increase of 9.2%. The Group’s EBITDA in Q2 adjusted for a one-off event increased by 8.0% YoY to PLN 47.5 million, while adjusted net profit[2] decreased by 1.1% YoY to PLN 44.5 million. The growth rate of costs was lower than the growth rate of revenue for the first time in 11 quarters. The Group’s costs increased by 6.4% YoY in Q2. 

Interactive Brokers Introduces Enhancements To Global Bond Offering - IBKR Adds Significant Liquidity And Trading Hours For Global Corporate And Sovereign Bonds

Date 22/08/2024

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, today announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace. Clients of Interactive Brokers can now access greater liquidity for global corporate bonds, European Government Bonds (EGBs) and UK Gilts for up to 22 hours a day. In addition, clients will now be able to trade Swiss Franc-denominated (CHF) bonds on the IBKR platform.

Miami International Holdings Secures Investment For Strategic Growth From Warburg Pincus - Investment, Led By Warburg Pincus' Capital Solutions Team, To Drive Next Phase Of Innovation And Expansion

Date 22/08/2024

Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today announced a $100 million investment from Warburg Pincus, a leading global growth investor. Subject to certain conditions, Warburg Pincus may expand its investment in MIH to support additional growth.

Siepe Raises $30 Million To Transform Data Management In Private Credit And CLO Markets

Date 22/08/2024

• WestCap leads Series B round to support rapid product expansion amidst private credit boom 
• Mark Schultis appointed President of Siepe, bringing two decades of experience in the credit and CLO ecosystem

TMX Group CFO David Arnold To Present At The Barclays Global Financial Services Conference

Date 22/08/2024

TMX Group CFO David Arnold will present at the Barclays Global Financial Services Conference on September 9, 2024.

ICE First Look at Mortgage Performance: Delinquencies improved in July despite Hurricane Beryl’s impact on Houston homeowners

Date 22/08/2024

• The national delinquency rate fell 12 basis points (bps) to 3.37% in July, offsetting some of June’s calendar-related rise – dropping 3.5% for the month but up 4.8% from the same time last year
• Delinquencies declined in all major markets except Houston, where Hurricane Beryl resulted in an estimated 10K mortgage holders falling behind on payments as a result of the storm
• Serious delinquencies (loans 90+ days past due but not in active foreclosure) rose 5K (+1.1%) to a five-month high, but are still down -33K (-7.0%) from the same time last year
• The number of borrowers a single payment past due dropped by -77K in July, while 60-day delinquencies climbed 11K
• While foreclosure starts increased by 7K (30%) in the month, that’s partially a byproduct of starts hitting a multi-year low the month prior rather than a sign of underlying stress in the market
• Active foreclosure inventory nudged higher (+2K), but remains at its second-lowest level since January 2022 and is still 34% below pre-pandemic levels
• 5.5K foreclosure sales were completed in July representing a +3.7% month-over-month increase, but were down -9.6% from last year and are still running at less than half their 2019 averages
• Prepayment activity (SMM) rose to 0.60% on easing rates, notching its highest mark since September 2022