|Bid||0.00 x 3500|
|Ask||0.00 x 14200|
|Day's Range||110.60 - 112.15|
|52 Week Range||102.40 - 121.15|
|Beta (3Y Monthly)||-0.05|
|PE Ratio (TTM)||23.12|
|Earnings Date||Apr 29, 2019|
|Forward Dividend & Yield||2.70 (2.36%)|
|1y Target Est||119.75|
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.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Capital market firms such as DB1 areRead More...
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.
European Union and UK market watchdogs have agreed pacts for swapping information on asset managers, credit rating agencies and transaction reporting bodies to avoid chaos if Britain crashes out of the bloc in two months' time with no deal. The pacts, in the form of a memorandum of understanding, allow regulators in the bloc and Britain to exchange information on credit ratings agencies like Moody's, Standard & Poor's and Fitch with major operations in London that rate firms across the EU. Many of the repositories are based in London.
London Stock Exchange said it would buy a minority stake in Euroclear, Europe's biggest settlement house for securities, giving it a role in all parts of a transaction from trading to clearing and settlement. LSE is paying 278.5 million euros ($318.2 million) for a minority stake of 4.92 percent in the Brussels-based settlement house, giving the exchange operator an edge after Britain leaves the European Union.
Deutsche Boerse said that its 2018 adjusted net profit will significantly exceed guidance after consolidating preliminary results for the year.
German exchange operator Deutsche Boerse (DB1Gn.DE) raised its full-year profit forecast on Tuesday, saying it expected its adjusted net profit in 2018 to increase by around 17 percent. Deutsche Boerse said its previous guidance had been for an increase of adjusted net profit by more than 10 percent. The increase in profit guidance marks a success for Theodor Weimer, who took over as CEO a year ago.
The Frankfurt prosecutor's office has dropped an insider trading case against former Deutsche Boerse Chief Executive Carsten Kengeter in exchange for payments of almost 5 million euros ($5.68 million). Prosecutors investigated Kengeter after he purchased Deutsche Boerse shares worth 4.5 million euros in December 2015 as part of a management remuneration plan awarded only two months before the German company announced it was in talks to combine with London Stock Exchange. Frankfurt prosecutors had sought to establish whether the share purchase constituted share trading by someone privy to insider information.
Deutsche Boerse (DB1Gn.DE) said it accepted combined fines of 10.5 million euros (£9.45 million or $11.9 million) by a Frankfurt court in an insider trading case involving the German stock exchange operator's former Chief Executive Carsten Kengeter. The court issued fines of 5 million euros and 5.5 million euros against the company over an alleged breach of the insider trading ban in December 2015 and for not making a public disclosure announcement in January 2016, the company said late on Friday. "The company remains firmly convinced that the allegations were unfounded," Deutsche Boerse said in a statement late on Friday.
IBM manager Martin Jetter has emerged as the leading candidate to become next Deutsche Boerse chairman after Joachim Faber's expected departure in 2020, a source familiar with the matter said. Jetter joined the stock market operator's supervisory board in May and could replace Faber, who wants to find a successor by the end of next year, the source said. Faber had initially been expected to step down at the next annual shareholder meeting in May next year following criticism of his handling of an insider trading scandal but now aims to stay on for another year, the source added.