EXCHANGE NEWSWIRE, 13 May 2011
BATS Global filed for an IPO of up to $100m with US regulators, with some shares to be issued and sold by BATS, and another portion to be sold by some of the shareholders. BATS intends to use the IPO proceeds for general corporate purposes.
BM&F Bovespa reported 1Q11 adjusted EPS of R$0.1956 (-5% y/y) on net operational revenues of R$472.2m (+2.5% y/y) and operating expenses of R$188.7m (+41% y/y). Adjusted operating expenses were R$140.6m (+22% y/y), largely attributable to an increased headcount, investment in IT infrastructure and the financial education campaign to grow the retail investor market.
CETIP reported 1Q11 basic EPS of R$0.160 (+29% y/y) on revenues of R$173m and operating expenses of R$68m.
TMX reported 1Q11 basic EPS of $0.84 (+9% y/y). Adjusted EPS was $0.97 (+26% y/y) on revenues of C$174.7m (+17% y/y). A dividend of $0.40 per common share was declared. TMX also filed applications with Canadian provincial regulators for approval of its deal with LSE.
LSE reported adjusted basic 1Q11 EPS of GBp 73.7 (+23% y/y) on revenues and other income of GBP674.9m (+7% y/y) and operating expenses of GBP 336.9m (+4% y/y). A final dividend of GBp18 per share (+13% y/y) was proposed, bringing the total year’s dividend to GBp 26.8 per share (+10% y/y). LSE also recommended the merger with TMX, and confirmed that it is currently working on securing the necessary approvals.
LSE: Turquoise migrated to TMX’s SOLA trading platform. SOLA has now been adopted at all of LSE’s derivatives markets, according to Brenda Hoffman, CIO and Group Head of Information Technology at TMX.
CBOE will expand its current range of credit event binary options (CBEOs) to include CBEOs on financial firms, including Bank of America, JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley.
Charles Schwab April net new assets totaled a negative -$0.5b, compared to +$3.8b a year ago; total client assets were $1,681b (+11.2% y/y). Clients’ daily average trades remained at 435k (+1% y/y). Mutual fund net buys reached $2.1b and money market funds net sales totaled $3.3b.
CFTC nominated Democratic senate aide, Mark Wetjen, as a new CFTC Commissioner to replace Commissioner Michael Dunn. According to Reuters, Wetjen may be more likely to vote with CFTC Chairman Gary Gensler in favor of commodity limits.
Provided By: Equity Research Desk, www.erdesk.com
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