EXCHANGE NEWSWIRE, 17 May 2011
BATS will introduce a cheaper listing fee schedule for its stock listings market, where top-tier issuers will pay an annual flat fee of $35,000 after an initial fee of $100,000. This compares with NDAQ’s initial fee of $225,000 and annual fees of up to $95,000, and the case of NYSE-listed companies, where initial fees can go up to $250,000, with up to $500,000 in annual fees. BATS will also have a “Tier II” listing for smaller companies or US-listed foreign companies, and the firm appointed Brian King, who previously managed client relations for BATS, as its listings director.
TMX: Maple Group Acquisition Corp. defended its bid for TMX. Luc Bertrand, spokesman for the group and also vice chairman of the National Bank of Canada, said he expects that on completion of the review by Canada’s Competition Bureau and provincial securities regulators, “the application provisions of the Competition Act will be satisfied”.
Financial & Energy Exchange (FEX) offered to take over 74.8% of the National Stock Exchange (NSX) of Australia, and will pay $0.235 per NSX share. FEX has previously applied to operate a new futures market in energy derivatives.
EXAE reported 1Q 2011 net income of EUR 9.2m (-6% y/y) on total revenues of EUR15.4m (-15% y/y) and total operating expenses of EUR 5.0m (-5% y/y). The fall in revenues was mainly due trading revenues of EUR 2.3m (-41% y/y), and clearing revenues of EUR 5.1m (-35% y/y).
PSE reported 1Q 2011 basic and diluted EPS of PHP 2.99 (+11% y/y) on revenues of PHP218.4m (+17% y/y) and operating expenses of PHP 93.2m (+22% y/y). The increase in revenues was mainly due to service fees of PHP 58.0m (+40% y/y) and transaction fees of PHP 28.1m (+60% y/y). The increase in operating expenses was attributable to depreciation of PHP 19.3 (+127% y/y) and repairs and maintenance fees of PHP 8.6m (+58% y/y).
European dark pools broke a 5% barrier in pan-European equity trading market share for the first time in April 2011, according to a monthly report by Thomson Reuters Equity Market Share Reporter.
Thomson Reuters acquired London-based financial crime and corruption prevention specialist World-Check. Details of the deal were not disclosed.
Provided By: Equity Research Desk, www.erdesk.com
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