Clearstream supports liberalization of Chinese financial market

August 17, 2017 11:33 AM
Exchange Shorts
ASX reported FY17 EPS of 224c (+2% y/y). Revenues of A$764m (+2.4% y/y), with trading services at A$196m (+7.2%), derivatives and OTC at A$269m (+1%), equity post trade services at A$104m (+2%) and listing and issuer services revenues at A$193m (0%). Expenses were A$181m (+6% y/y). Capex was flat at $50m. ASX announced a dividend of A$0.998 per share.
 
Deutsche Borse (DB1): Clearstream supports liberalization of Chinese financial market including the Bond Connect initiative.
 
Nasdaq (NDAQ): First North has been granted UK Growth Market status, the first marketplace outside of the UK and Ireland to achieve this status. UK-based investors will receive tax exemptions on investments in UK-based companies listed on Nasdaq First North.
 
ASX: new post-trade solution to replace its legacy CHESS platform is still in testing phase and will be independently assessed in December.
 
NSE and BSE started audits of around 100 suspected shell firms.
 
Singapore Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) are reviewing valuation practices and the reporting carried out by real estate valuers that listed issuers engage.
 
ShapeShift acquired Seattle-based KeepKey, a maker of digital wallets, in an all-bitcoin deal.
 
Liquidnet appointed Patrick Strobel as head of technology for the EMEA region. Strobel joins Liquidnet from Deutsche Bank and has also worked at JP Morgan.
 
DRW Holdings will acquire HFT firm RGM Advisors.
 
CNV, the Argentine regulator, is coordinating the migration to a T+2 settlement cycle.
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.