|Bid||0.00 x 3500|
|Ask||0.00 x 14200|
|Day's Range||106.35 - 107.65|
|52 Week Range||95.02 - 121.15|
|Beta (3Y Monthly)||0.21|
|PE Ratio (TTM)||22.08|
|Earnings Date||Feb 13, 2019|
|Forward Dividend & Yield||2.45 (2.21%)|
|1y Target Est||120.13|
Union Investment, which manages 333 billion euros ($376 billion) of assets, is the first to declare that it will close existing euro-denominated swap trades at London’s LCH Ltd. -- the world’s largest clearinghouse and probably among the City of London firms most vulnerable to disruption over the next few months. “We have decided to transfer existing positions from London,” said Christoph Hock, head of multi-asset trading at Union in an emailed statement.
Life in London's financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centres like Paris, Frankfurt and Dublin. Without meaningful access to the EU's single market, the financial services sector is braced for a long goodbye to its status as the world's international trade and banking hub, more than a dozen senior industry players told Reuters. "It could be a slow puncture," said City of London leader Catherine McGuinness, flagging a steady drain of talent and activity from an industry that has wielded little influence in Brexit negotiations even though it generates about 10 percent of Britain's economic output.
The European Union is set to implement a commitment to avoid disruption in the cross-border derivatives market if Britain crashes out of the bloc next March without a deal, an EU document showed on Tuesday. British Prime Minister Theresa May's decision on Monday to delay a parliamentary vote on Britain's divorce settlement with the EU has increased the possibility of a no-deal Brexit. This would leave EU customers cut off from UK-based market operators if no contingency measures were in place.
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on Deutsche Börse Aktiengesellschaft (ETR:DB1) due to its excellent fundamentals in more Read More...
The European Union should allow EU investors to continue trading Swiss shares from January and avoid a stand-off with Switzerland that would harm competition, a senior stock exchange industry official said on Monday. Alasdair Haynes, CEO of the London-based Aquis exchange , said the EU should grant a year's extension to allow the SIX Exchange in Zurich to serve investors across the bloc. If denied this permission known as equivalence, Switzerland, which is not a member of the EU, has said it would retaliate by banning the trading of Swiss shares on platforms in the EU.
alleging the Chicago exchange had violated US antitrust laws to stop a rival venture from getting off the ground. It is trying to overturn a judge’s ruling month ago, which found against Eurex’s charge that the CME and its subsidiary, the Chicago Board of Trade, had broken rules in order to defend its home turf. Eurex declined to comment further.
The European Union's markets watchdog has proposed a temporary fix to avoid uncleared derivatives contracts worth trillions of euros being disrupted if there is a no-deal Brexit next March. The European Securities and Markets Authority (ESMA) said the changes it was proposing would give banks one year to "repaper" or shift their uncleared, over-the-counter derivatives positions from London to the EU. Counterparties can begin taking steps to shift contracts - which requires permission from the end-customer - but make any action conditional on a no-deal departure, ESMA said.
The European Union's markets watchdog has proposed temporary exemptions from EU rules to ensure that uncleared derivatives contracts are not disrupted if there is a no-deal Brexit. "The proposed regulatory ...
Europe's top banks will learn on Friday how they have fared in their latest stress test, which could require some to raise capital or shed assets, with Italian lenders expected to come under close scrutiny. The European Banking Authority (EBA), the European Union's banking watchdog, is due to publish the results of 48 banks at 1700 GMT, in what is being touted as its toughest test since the exercise began in 2009. As well as the Italian banks, analysts expect Deutsche Bank, Germany's biggest lender, to be closely watched after three years of losses.
London-based NEX Markets said on Thursday users of its BrokerTec Europe platform would be able to clear repo trades on Deutsche Boerse as it prepares for Britain's exit from the European Union. The unit of NEX Group said clearing for repo, or repurchase agreements, on the German exchange's Eurex Clearing would be available by the end of 2018. "There are emerging opportunities in a post-Brexit world, as well as a desire to extend and diversify the clearing choices that our customers have when trading repo," said https://newsroom.nex.com/news/01112018/nex-markets-connects-with-eurex-to-launch-new-clearing-solution-for-brokertec-europe-customers?ref=News John Edwards, managing director of BrokerTec Europe.
German exchange group Deutsche Boerse is revamping its Asian business with the launch of its European Energy Exchange (EEX) in Singapore, looking to boost its business in the world's fastest growing commodity markets. Deutsche Boerse, which has global ambitions for EEX, said it would rebrand its Singapore-based subsidiary Cleartrade Exchange (CLTX) as EEX Asia, offering futures contracts on freight and seaborne commodities such as fuel oil and iron ore.
Deutsche Boerse (DB1Gn.DE) on Monday posted a 10 percent rise in net profit in the third quarter and confirmed its 10 percent profit growth target for the full year. The German stock exchange operator said that revenue got a lift from increased market volatility and higher U.S. rates. The company is aiming for 10 percent earnings growth this year.
In June 2018, Deutsche Börse Aktiengesellschaft (ETR:DB1) released its earnings update. Generally, the consensus outlook from analysts appear fairly confident, as a 12% increase in profits is expected in the Read More...
Deutsche Boerse (DB1Gn.DE) has announced plans to intensify competition with rival London Stock Exchange (LSE.L) ahead of Brexit, saying it would expand a profit-sharing scheme. The Frankfurt-based exchange's Eurex Clearing said it will expand its "partnership" programme to include repurchase or repo agreements and foreign exchange traded among banks from the first quarter of 2019. The more volume that users pass through Eurex, the bigger share of profit they will get.
With Brexit inflaming rhetoric between the U.K., U.S. and Europe, banks and exchanges are doing their best to prepare for the worst. A no-deal Brexit doesn't only threaten the ability of London-based firms to seamlessly transact business in the EU. It could also stop the clearing of trillions of dollars of euro trades on British soil if EU regulators refuse to recognize the U.K.'s rules as adequate.
The European Union rejected U.S. calls to water down new derivatives clearing rules on Thursday, saying EU lawmakers would not be "blackmailed" and it had every right to supervise foreign financial firms in the same way as U.S. regulators. The U.S. Commodity Futures Trading Commission (CFTC) chair Christopher Giancarlo threatened retaliation on Wednesday unless the EU softened the draft rules, which set out tougher conditions for foreign clearing houses doing business in the bloc.
WASHINGTON/LONDON, Oct 17 (Reuters) - U.S. banks and securities houses could be barred from trading on exchanges in the European Union if the bloc refuses to water down "irresponsible" proposals for regulating foreign clearing houses, a top U.S. regulator said on Wednesday. Christopher Giancarlo, chair of the U.S. Commodity Futures Trading Commission (CFTC), gave his strongest warning yet on possible retaliatory measures if EU regulators insist on close supervision of U.S.-based clearing houses under new rules.
A look at the shareholders of Deutsche Börse Aktiengesellschaft (ETR:DB1) can tell us which group is most powerful. Institutions will often hold stock in bigger companies, and we expect to Read More...