ICE reported 3Q17 adj EPS of $0.74 (-2% q/q, +15% y/y), 3c above our estimate and in 4c above consensus. Net revenues were $1.14b, (-3% q/q, +6% y/y) and adj OpEx was $476m (-2% q/q, -2% y/y). GAAP diluted EPS was $0.62 (-2% q/q, +15% y/y). ICE approved a $1.2b repurchase authorization and 4Q17 dividend of $0.20 per share. Synergies are now expected at $70m, up from $60m. ICE expects 4Q17 OpEx of $540m-$550m, and adj OpEx of $475m-$485m.
ENX renewed its agreement with LCH on the continued provision of derivatives and commodities clearing services for a period of 10 years. ENX will swap its current 2.3% stake in LCH Group for an 11.1% stake in LCH SA and will recognize a net capital gain following the share swap of around €24m. Euronext will have pre-emption right in circumstances where LCH Group decides to sell more than 50% of the shares of LCH SA and will be represented on the Board and on the Audit and the Risk Committees of LCH SA.
CBOE Europe Equities completed its operational preparations having successfully rolled out its final MiFID II exchange software release.
CBOE Europe Equities is preparing software upgrades to incorporate MiFID II functions including trade flagging, transaction reporting and data related to order record keeping. It expects to be MiFID II compliant by January 2nd.
LSE welcomed heightened supervision from the EU of some clearing services. But LSE said the EU must treat separate parts of the clearing industry differently. While in the case of some asset classes, such as sovereign bond repos, closer EU supervision is required, in the case of other assets classes, the situation is different.
HKEX will introduce long-dated contract months for its Hang Seng Index (HSI) and Hang Seng China Enterprises Index (HSCEI) Futures and increase the long-dated contract months for its HSI and HSCEI Options, with maturities up to 5.5 years, on December 4.
BVC reported 3Q17 YTD NI to shareholders of COP13.5m (-25% y/y), on revenues of COP117m (-1% y/y), Costs of COP31.6m (+19% y/y) and Expenses of COP60.7m (+10% y/y).
CME set a new WTI open interest record of 2.51m contracts.
DB1 launched the first reporting solution on its Regulatory Reporting Hub. The EMIR reporting solution comprises all EMIR II-relevant reporting features including an interface to the trade repository REGIS-TR.
NDAQ renewed its agreement with the Bermuda Stock Exchange (BSX) and will continue to deliver its trading technology via the Nasdaq Financial Framework.
ASX informed that BNP Paribas the first custodian to implement ASX's near real-time ReferencePoint ISO 20022 Corporate Actions announcement service using SWIFT global messaging.
Bucharest SE (BVB) Board of Governors noted the resignation of Mr. Ludwik Sobolewski from the position of General Manager of BVB.
Iranian Mercantile Exchange (IME) and NCDEX e-Markets signed an MoU to develop a joint trading platform for commodities trade between India and Iran. Reported by Business Line.
ITG reported an adjusted net loss of $0.11 per share for the 3Q17. This compares to an adjusted net loss of $0.08 per share, for 3Q16. Adjusted results excluded a non-cash charge of $1.28 per share and a $0.03 per share in intangible write-downs and legal fees. Revenues increased 10% y/y to $114.5mn.
TP ICAP appointed Eric Sinclair as CEO, Information Services, following Frank Desmond’s decision to leave the company after 12 years of service. Sinclair joins from TMX, where he was most recently President of its Market Insights division.
CFTC issued an amended order to CME concerning foreign futures contracts listed on the Dubai Mercantile Exchange (DME) and cleared by CME. CME and its registered FCM clering members may commingle customer funds related to DME contracts with customer funds related to futures contracts in accounts segregated in accordance with Section 4d of the Commodity Exchange Act.
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