Nasdaq gets the SEC green light for first AI exchange order type LeapRate

September 11, 2023 BY Elizabeth Anderson

Nasdaq gets the SEC green light for first AI exchange order type

Dynamic M-ELO aims to speed up order matches and minimise market impact, boosting the efficiency of an already speedy stock market even more. According to the exchange, this will establish better trading outcomes. This initiative follows predictive AI, the Strike Price Optimisation Programme, implemented in the Nasdaq U.S. options market earlier this year. It enhanced…

July 21, 2023 BY Steffy Bogdanova

SIX reports 2.6% rise in operating income to CHF 771.1 million in H1 2023

Operating result before interest, tax, depreciation and amortization (EBITDA) came in at CHF 225.6 million, up by 5.6% compared to the first half of 2022. Earnings before interest and tax (EBIT) for the period consequently fell by 17.4% to CHF 133.3 million. The Switzerland-based exchange remains positive given its results achieved in a "challenging market environment, dominated…

July 06, 2023 BY Steffy Bogdanova

Eurex reports 28% MoM increase in total trading contracts in June 2023

In the realm of equity derivatives, 25.9 million contracts were traded in June, representing an 11% decrease from the same period last year. Meanwhile, in the OTC Clearing sector, the notional outstanding volumes witnessed a 23% increase in June compared to the previous year, reaching EUR 33,623 billion compared to EUR 27,247 billion. Within this,…

June 26, 2023 BY Steffy Bogdanova

Euronext sells its stake in LCH SA for €111 million

Euronext also emphasized that its holdings in LCH SA were recorded at a carrying amount of €70.6 million as of the conclusion of 2022. The exchange group completed the acquisition of LCH SA in December 2017 through a share swap arrangement, wherein Euronext exchanged its 2.3% stake in LCH Group for an 11.1 percent stake…

May 26, 2023 BY Steffy Bogdanova

Deutsche Börse discloses terms and conditions on SimCorp acquisition

The completion of the offer depends on Deutsche Börse fulfilling customary conditions and obtaining the required regulatory approvals. It also necessitates a minimum acceptance threshold of 50% plus one share of SimCorp's share capital and voting rights. Based on the current timeline, the transaction is anticipated to be finalized in the third quarter of 2023.…

May 17, 2023 BY Steffy Bogdanova

Euronext sees 12% fall in FX trading revenue in Q1 to €6.3 million

Euronext’s trading revenue was also down by 14.5% YoY at €128.9 million, compared to the same period during the previous year. Cash trading declined by 23.7% to €71.7 million, as well as derivatives trading by 7.4% to €14.9 million. However, fixed income strengthened by 7% to €26.2 million and power trading by 8.4% to €9.8…

May 10, 2023 BY Steffy Bogdanova

Euronext FX spot trading volume falls 24% in April

The average daily volume in FX for last month came in at $19.7 billion. Compared to March’s $22.6 billion, this was also a 13.1% MoM decrease. Total Cash Market numbers in April stood at $185.2 billion, down by 36% MoM compared to previous month. On yearly basis, the exchange saw a 18% decrease. Derivatives markets…

May 03, 2023 BY Steffy Bogdanova

Deutsche Börse Deutsche Börse’s cash markets turnover down 39% MoM in April

Trading volumes on Börse Frankfurt in March 2023 came in at €2.44 billion (March 2023: €3.79 billion). Last month, Equities on Deutsche Börse generated €71.66 billion and trading in ETFs/ETCs/ETNs accounted for €12.48 billion of the turnover. Bonds recorded €0.69 billion, certificates €0.75 billion and funds brought in €0.03 billion. SAP SE was the DAX…

April 27, 2023 BY Steffy Bogdanova

Deutsche Börse acquires SimCorp for €3.9 billion, reports a 16% jump in net revenues in Q1

Peter Schütze, Chair of the Board of Directors of SimCorp A/S, said: The Board of Directors finds that the offer from Deutsche Börse AG represents attractive value for the shareholders of SimCorp A/S as the company accelerates its transformation to a full-scale SaaS and BPaaS provider to deliver sustained long-term profitable growth Deutsche Börse AG…

April 24, 2023 BY Steffy Bogdanova

Cboe Global Markets introduces 1-day volatility index

Ed Tilly, Chairman of the Board and CEO of Cboe Global Markets, said: We are committed to continuing to innovate in the volatility space and we believe the VIX1D Index will be a complementary addition for market participants seeking to better understand current equity market volatility or as they employ different trading strategies. The development…

Category: Exchanges