LME to position limits for LMEprecious contracts

May 10, 2017 11:06 AM

Hong Kong Exchange (HKEx) reported 1Q17 EPS of HKD1.41 (+18% y/y) on revenues of HKD3.05b (+11% y/y) and OpEx of HKD833m (-2% y/y). 

TMX reported adj EPS of CAD1.11 (+11% y/y) and diluted EPS of CAD0.85 (0% y/y) on revenues of CAD186m (+5% y/y) and OpEx of CAD105m (-2% y/y). TMX increased its dividend by five cents to $0.50 per share.

HKEX: The London Metal Exchange plans to introduce a single, simplified accountability level and position limits for LMEprecious contracts.

BME and the Bolsa Nacional de Valores de Costa Rica (BNV) signed an agreement for the distribution of the Open workplace platform for investment management in Costa Rica.

CBOETSE and China Central Depository & Clearing will join Index Industry Association (IIA), a global organization of index administrators.

NSE India reported FY EPS of ₹20.87 (+137% y/y) on total income of ₹2318 crore (+14% y/y). Increase is explained by SEBI relaxing rules and exchanges no longer contributing funds to the settlement guarantee fund. Reported by The Economic Times.

London Stock Exchange (LSE) purchased 62k shares at 3,383p per share, as part of its £200m repurchase program. Total purchases add 1.43m shares up to date.

IBKR: Two Sigma acquired IBKR's US options trading unit.

Cinnober will acquire market surveillance specialist Ancoa. Cinnober will add ten new clients to its customer base including MarketAxess are Convergex.

Thomson Reuters and S&P Global will offer transcript data services. S&P will become a major provider of transcript coverage in the S&P 500 and other stock market indices to users of Thomson Reuters desktops platforms including Eikon, Thomson One and Thomson Reuters feeds.

U.S. Securities and Exchange Commission (SEC) Chair Jay Clayton is appointing William Hinman to head the corporate finance division with the missiono of easing rules on US capital raising. Hinman has been Silicon Valley lawyer at law firm Simpson Thacher & Bartlett who advised on the IPO of Square, Alibaba and Facebook.

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.