|Bid||118.80 x 3500|
|Ask||118.90 x 14200|
|Day's Range||117.60 - 119.45|
|52 Week Range||102.40 - 121.15|
|Beta (3Y Monthly)||-0.05|
|PE Ratio (TTM)||26.63|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||2.70 (2.36%)|
|1y Target Est||119.75|
The choice of Refinitiv as the name for the former Thomson Reuters’ financial data business, was so bad it might have been brilliant. While growth in global currency trading has slowed, the trend is towards multilateral electronic platforms rather than dealing by banks.
Deutsche Börse has underlined its determination to push into new markets, confirming it is in advanced talks to buy some foreign exchange assets from Refinitiv, the data provider. The two sides confirmed the latest discussions after a Reuters report said Deutsche Börse was in talks to buy FXall, an electronic currency trading platform, for $3.5bn. While the Frankfurt group confirmed there were talks with Refinitiv, it described the $3.5bn purchase price and imminent signing of contracts as “entirely unfounded”.
NEW YORK/FRANKFURT (Reuters) - German stock exchange operator Deutsche Boerse AG said on Wednesday that it is in “concrete negotiations” with data provider Refinitiv about the potential acquisition of certain foreign exchange business units. The statement came after Reuters reported that Deutsche Boerse was in talks to buy FXall, a foreign exchange electronic trading platform owned by Refinitiv, for about $3.5 billion, citing people familiar with the matter. “The negotiations and assessments of a potential transaction are ongoing,” Deutsche Boerse said in a statement.
FRANKFURT (Reuters) - Deutsche Boerse is buying risk management software provider Axioma for $850 million (£652 million), the stock exchange operator said on Tuesday, and plans to merge the unit with its ...
The European Union's markets watchdog began its third stress test of 16 clearing houses on Wednesday, saying it was adding a new requirement and that three British clearers won't take part if there is a no-deal Brexit. Clearing houses stand between the two sides of a stock, bond and derivatives trade, ensuring its safe and swift completion even if one side goes bust. The European Securities and Markets Authority (ESMA) said the new component will assess the impact of liquidation costs or ability of a clearing house member to sell large positions to raise funds in stressed markets.
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German stock exchange operator Deutsche Boerse is interested in buying foreign exchange trading platform FXall, Handelsblatt business daily reported on Monday. "If FXall were put on the market we ...
Stock exchanges in Europe are not harming markets or gouging customers with the fees they charge for data, an industry-commissioned report said on Thursday. The report from consultants Oxera for the Federation of European Securities Exchanges (FESE) wants to counter accusations from investment funds that "monopoly" bourses were continually hiking fees for market data to lift profits. Investment firms have called on the EU's markets watchdog ESMA to review market data fees charged by exchanges, saying they keep on rising despite falling costs of computing and data storage.
The European Union's markets watchdog published guidance on Tuesday identifying which shares investors in the bloc could no longer trade in London if there is a hard Brexit next week. Britain is due to leave the EU on March 29, but it has yet to agree a divorce settlement and "standstill" transition deal with the bloc. The UK is now expected to ask for a delay to Brexit.
The European Union's markets watchdog published guidance on Tuesday that would allow investors to continue trading shares in London for a temporary period in the event of a no-deal Brexit. The European ...
Germany. 6th March 2019 – Commerzbank and Deutsche Börse have for the first time successfully used distributed ledger technology to execute a legally binding settlement of a repo transaction. The prototype transaction based on delivery versus payment was executed as part of a joint proof of concept examining the possible use of blockchain technology in securities settlement. For the transaction, digital tokens were generated for both commercial bank money (cash tokens) and securities (securities tokens). Distributed ledger technology was then used to execute the simultaneous swap of the tokens as a legally binding transaction. Deutsche Börse acted as the cash provider, Commerzbank as the borrower and main incubator, Commerzbank’s research and development unit, acted as the blockchain platform operator. The The post Commerzbank and Deutsche Börse execute legally binding securities settlement using DLT appeared first on Coin Rivet.
FRANKFURT/LONDON, Feb 27 (Reuters) - The European Central Bank needs to have appropriate oversight of both domestic and foreign clearing houses if it is to lend them cash when they need it, ECB board member Benoit Coeure said on Wednesday. Coeure questioned proposals that would give the ECB greater control over central clearing counterparties (CCPs) from outside the European Union while leaving domestic ones under the authority of domestic supervisors. "It would be rather strange if such differentiation were to make it more difficult for us to provide liquidity to EU than to third-country CCPs," he told an ECB event.
Britain and the United States agreed on Monday a long-term pact to ensure that the $2 trillion a day transatlantic market in derivatives will not be disrupted by any type of Brexit. U.S. Commodity Futures Trading Commission Chairman Christopher Giancarlo said the agreement underlined London's status as a global financial centre, now and "for a long time to come".
AG (DB1.XE) said late Wednesday that its 2018 results were good, but that it would be slightly more cautious about 2019 on increased political and economic risk. The German stock-exchange operator reported a 2018 net profit of 824.3 million euros ($931 million). Deutsche Boerse said its expectations for 2019 were slightly more subdued due to the general economic slowdown, increased economic risk and political uncertainty.
German stock exchange operator Deutsche Boerse reported a much worse-than-expected 35 percent fall in net profit in the fourth quarter and said it had become more cautious about this year's outlook. Deutsche Boerse pointed to higher operating costs in the fourth quarter. It said it still expected adjusted net profit growth of around 10 percent in 2019 and reaffirmed its medium-term targets of growth between 10 and 15 percent, but said it also faced rising risks.
The European Union's markets regulator urged lawmakers on Wednesday to give it "rapid" response powers to deal with problems that may arise after Brexit. The European Parliament has proposed that ESMA should have powers to issue "no action letters" that tell firms they will not face sanctions if they do not comply with a rule or deadline after Britain leaves the EU. Such letters are used by U.S. regulators, and would avoid the EU having to make time-consuming legislative changes if temporary problems with rules crop up.
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Britain is due to leave the European Union on March 29 but so far has no exit agreement with the bloc to ensure an orderly departure. London is Europe's biggest financial centre, with the EU its top export market, meaning that without contingency arrangements markets, banking, asset management and insurance across Europe would be left in chaos. TEMPORARY WORKAROUNDS Britain is approving a law that would allow branches of EU banks and insurers in Britain to continue serving UK customers, giving them time to apply for permanent authorisation.
Smaller firms will not have to clear their derivatives trades under changes to European Union rules agreed by the bloc's lawmakers and member states on Tuesday to cut red tape. The revision of rules for privately-traded or over-the-counter (OTC) derivatives also streamlines requirements for reporting transactions, the bloc's executive European Commission said in a statement. "In particular, the text introduces an obligation on clearing brokers to provide services on fair, reasonable, non-discriminatory and transparent commercial terms by ensuring in particular transparency on fees as well as unbiased and rational contractual arrangements," EU member states said in a statement.