Nasdaq, Inc. (Nasdaq:NDAQ) today reported record results for the first quarter of 2016. First quarter net revenues were $534 million, up 5% from $507 million in the prior year period, driven by a $29 million positive impact from operations, partially offset by a $2 million negative impact from changes in foreign exchange rates. On an organic basis, excluding the impact of changes in foreign exchange rates and acquisitions, total first quarter net revenues were up 4% from the prior year period.
read more...Nasdaq Reports Record Quarterly Non-GAAP Diluted Earnings Per Share - Company Delivers Non-GAAP EPS Growth Of 14% Year-Over-Year
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United Kingdom Parliament Treasury Committee Update: Leave.EU Questioned On EU Referendum
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Rashid Al Baloushi Becomes A Member Of The Arab Federation Of Exchangesâ Executive Committee
Mr. Rashid Al Baloushi, CEO of Abu Dhabi Securities Exchange, has been selected by the members of the Arab Federation of Exchanges to become a member in the Federation’s Executive Committee. The selection took place during the meeting of the Arab Federation of Exchanges’ annual conference in Amman, Jordan on the 26th of April, 2016.
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With The Listing Of QFB , The Number Of Listed Companies On Qatar Stock Exchange Reaches 44
Today, Wednesday, April 27, 2016, Qatar First Bank “QFB” was listed on Qatar Exchange (QSE) to raise the number of listed companies to 44.
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BGC Partners Reports First Quarter 2016 Financial Results, BGC Declares Quarterly Dividend, Conference Call To Discuss Results Scheduled For 10:00 AM ET Today
BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or "the Company"), a leading global brokerage company servicing the financial and real estate markets, today reported financial results for the quarter ended March 31, 2016.
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Is Market Share a Useful Metric?
In a short article for Sloan Management Review, Neil T. Bendle and Charan K. Bagga argue that managers should be cautious about using market share as a key metric for their businesses. I concur wholeheartedly with their concerns about using market share as a primary objective. I believe that efforts to grow market share often cause managers to pursue misguided strategies that ultimately undermine competitive advantage and damage long-run profitability. Bundle and Bagga argue:
In some markets, bigger can be better; the most obvious examples are markets with economies of scale. Companies in such markets can reduce their cost per unit by selling more â thus increasing overall profits. If you think you are in such a market, you should confirm that the economies of scale you think exist actually do. Economies of scale do not automatically apply to all markets. For example, consulting does not get substantially cheaper per hour to provide at higher volumes... In some settings, market share can be a proxy for power. Depending on the setting, relative size can matter, and having a bigger market share can encourage others to treat your company more favorably. For example, when it comes to dealing with retailers, a category leader such as Coca-Cola may be able to negotiate better deals than a weaker brand can; retailers need Coke on their shelves more than they may need a smaller brand. A similar logic applies to network goods, which are products for which the benefit to consumers increases when more people use them. For example, Facebookâs value to its members increases when more of its membersâ friends use it. Overall, though, the research on the relationship between profits and market share is ambiguous. There is no general rule; the importance of market share varies from market to market.
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STOXX Limited Wins âMost Innovative ETF Index Provider Europeâ Award For The Seventh Time
STOXX Ltd., the operator of Deutsche Boerse Group’s index business, and a global provider of innovative and tradable index concepts, today announced that it has been named “Most Innovative ETF Index Provider Europe” in 2015 by exchangetradedfunds.com. This is the seventh consecutive year that STOXX has received this award, which was presented at the 12th Annual ETF Global Awards Dinner and Workshop hosted by exchangetradedfunds.com in New York on Apr. 21. Award winners were determined by votes cast in the industry and statistical rankings conducted by well-known ETF analysts, making the results an accurate representation of the views of the industry.
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FTSE Russell: Innovative New Index Supports Investors Seeking To Divest Fossil Fuels And Invest In The Green Economy
FTSE Russell, the global index provider, has launched an innovative new index that reduces exposure within the index to companies associated with fossil fuels while also increasing exposure within the index to companies engaged in the transition to a green economy. To gain this exposure, the FTSE Divest-Invest Developed 200 Index incorporates data captured by FTSE Russell’s innovative new green revenue data model, called LCE, which is set to launch publicly in the coming months. BNP Paribas has licensed the new index to create swaps and structured products.
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NovitasFTCL Advises Shareholders Of Risk Intelligence Ireland On Its Sale To Verisk Analytics Inc.
NovitasFTCL acted as M&A advisor to the shareholders of Risk Intelligence Ireland on its sale to Verisk Analytics Inc. This transaction, in the Insurance data / analytics sector, is our second sale this year of a European Fintech business to a US trade buyer. The business attracted significant interest from Private Equity and trade buyers across Europe and the US. http://www.riskintelligence.ie/press-release-14-april-2016/
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UK Jumps Ahead Of Singapore As The Second Largest Offshore RMB Clearing Centre - 40% Of All Payments Made Between The UK And China/Hong Kong Are Exchanged In RMB
According to SWIFT’s latest RMB tracker, the United Kingdom’s RMB payments value increased by 21% between March 2014 and March 2016, positioning the United Kingdom as the first offshore RMB clearing centre after Hong Kong. Singapore overtook the United Kingdom in February 2014, but the trend started to reverse as of January 2016. Hong Kong still remains the world’s largest offshore RMB centre, processing 72.5% of all RMB payments, followed by United Kingdom with a share of 6.3% and Singapore with 4.6%.
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Energy Trading Software Merger Faces In-Depth Investigation - Intercontinental Exchangeâs Acquisition Of Trayport Faces Being Referred For In-Depth Investigation By The CMA
Intercontinental Exchange’s completed acquisition of Trayport faces being referred for an in-depth investigation by the CMA.
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CME Group Inc. Reports Strong First-Quarter 2016 Financial Results
CME Group Inc. (NASDAQ: CME) today reported record revenue of $934 million and record operating income of $574 million for the first quarter of 2016. Net income was $368 million and diluted earnings per share were $1.09. Adjusted for non-recurring items, net income would have been $390 million and diluted earnings per share would have been $1.151.
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LME Announces Launch Of LMEshield - First Warehouse Receipt Issued
The London Metal Exchange (LME) today announces the successful launch of LMEshield, the new electronic warehouse receipt system for the global commodities market. The first receipt was issued by Henry Bath & Son Ltd on behalf of BNP Paribas Arbitrage SNC.
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LME announces launch of LMEshield - first warehouse receipt issued
The London Metal Exchange (LME) today announces the successful launch of LMEshield, the new electronic warehouse receipt system for the global commodities market![]()
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HKFE Announces Revised Margins For Futures Contracts
Please be advised that pursuant to Exchange Rule 617(d) and HKCC Rule 402, the Exchange and the Clearing House have determined that with effect from the commencement of trading on Tuesday, 3 May 2016, the margin levels of the following Futures Contracts shall be as follows:
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Millennium Exchange Release 9.1 Oslo Børs â Timeline
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HKEX: Poll Results Of The 2016 Annual General Meeting And Changes In Directorate
At the Annual General Meeting of Hong Kong Exchanges and Clearing Limited (“HKEX”) held on 28 April 2016 (“AGM”), a poll was demanded by the Chairman for voting on all proposed resolutions as set out in the notice of AGM dated 23 March 2016 (“AGM Notice”).
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April 28, 2016 - $4 Billion Canadian Wealth Manager Selects SS&C as its Fund Administrator
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Toronto Stock Exchange Welcomes Mackenzie Investments, Canadaâs Newest ETF Provider, To Open The Market - Ceremony Marks The Arrival Of TSX's Fourth New ETF Provider To Date In 2016
Toronto Stock Exchange (TSX) welcomes Mackenzie Financial Corporation (Mackenzie Investments), one of Canada's largest independent asset managers, to open trading this morning to celebrate the launch of four new active fixed income exchange traded funds (ETFs), which began trading on TSX last week.
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BME Approves The Distribution Of A â¬0.93 Supplementary Dividend, Up 4.5% Year-On-Year - To Be Paid On May 6th
The Annual General Shareholders’ Meeting of BME today agreed to distribute a gross €0.93 per share supplementary dividend, which will be effective on May 6th.
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