|Bid||0.00 x 3500|
|Ask||0.00 x 14200|
|Day's Range||125.05 - 126.00|
|52 Week Range||102.40 - 129.15|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||27.22|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||2.70 (2.18%)|
|1y Target Est||119.75|
Big cross-border mergers in stock exchanges look "hard" given political opposition to opening up bourses to foreign ownership, London Stock Exchange Group Chief Executive David Schwimmer said on Wednesday. "There have been some big painful failures out there in the industry," Schwimmer told the annual FIA IDX derivatives industry conference. The LSE has failed several times to merge with rival Deutsche Boerse, the most recent attempt ending with Schwimmer's appointment as CEO last August.
European Union preparations for a no-deal Brexit would split stock markets in Europe, although the damage could be reduced if Britain spelled out in advance its approach to trading, a top EU regulator said on Tuesday. The EU angered market participants in March when it said that if there is a 'no-deal' Brexit, investors in the bloc would only be able to trade shares which are listed in continental Europe as well as 14 which have a listing in Britain. London is the centre for share trading in Europe, even for many non-UK shares, leaving EU asset managers facing a split pool of liquidity and less competitive prices.
Top trading exchanges said on Tuesday they would not rush into introducing "speed bumps" to slow down high-technology trading and ensure a more level playing field with traditional market participants. Last month, Intercontinental Exchange Inc (ICE) was given permission from U.S. regulators to introduce the first "speed bump - or Passive Order Protection feature - in the U.S. futures markets. Thomas Book, chief executive of Germany's Eurex exchange , said on Tuesday it had launched a six-month pilot scheme.
The President of Germany’s central bank is not a fan of digital currencies and the blockchain technology that underpins them. In a speech given to a Deutsche Bundesbank symposium, Jens Weidmann, argued that the former are a serious threat to the stability of the financial system, and the latter is no better than solutions already on offer. By way of example, he spoke about a joint project with Deutsche Börse on the use of blockchain technology for the settlement of cash and securities. “The blockchain solutions did not fare better in every way: the process took a bit longer and resulted in relatively high computational costs,” he said. “Similar experiences have been made elsewhere in the financial sector. Despite numerous tests of blockchain-based The post Deutsche Bundesbank President trashes crypto and blockchain tech appeared first on Coin Rivet.
It’s not every day that an unassuming kitchen fitter is at the center of market panic. An error calculating the price of Howden Joinery Group Plc, a London-based supplier of kitchen cabinets, was the reason for the Stoxx 600 index’s fleeting 3.5% jump in early trading on Wednesday, according to a spokesman for the index calculator’s parent company, Deutsche Boerse AG. Howden accounts for just 0.04% of the benchmark, versus its largest constituent, Swiss consumer staples giant Nestle SA, which has a 3.4% weighting, according to data compiled by Bloomberg.
Foreign clearing houses for derivatives face tougher scrutiny for risks they would pose to the United States economy if they collapsed, a senior regulator said on Tuesday, mirroring recently-approved European Union reforms. The EU has just approved a law requiring its regulators to categorise foreign clearing houses according to risks posed to the EU financial stability if they went bust. Commodity Futures Trading Commission (CFTC) commissioner Brian Quintenz said the proposal was not a tit-for-tat to the EU reform, which prompted U.S. accusations of regulatory overreach.
Dividend paying stocks like Deutsche Börse Aktiengesellschaft (ETR:DB1) tend to be popular with investors, and for...
German exchange operator Deutsche Boerse posted an 11 percent rise in first-quarter net profit, roughly in line with expectations, despite poor market conditions. Net profit attributable to shareholders of 275 million euros (237.7 million pounds) was a little more than the 267 million euros expected in a Reuters poll and up from 249 million euros a year ago. Gregor Pottmeyer, chief financial officer, called the quarter a "weak equity market environment", but added that "earnings growth in the first quarter is in line with the guidance for the full year".
FRANKFURT (Reuters) - Joachim Faber, the chairman of the supervisory board at Deutsche Boerse, will step down after the annual general meeting in 2020, the stock exchange operator announced on Monday. ...
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.