CME reported 2Q15 adj. EPS of $0.95 (-3% q/q, +23% y/y), 2c above ERDesk estimate and 3c above consensus’. GAAP EPS was $0.78 (-20% q/q, 0% y/y), including a $61.8m debt prepayment costs. Revenues were $820m (-3% q/q, +12% y/y), and adjusted OpEx was $324m (-3% q/q, +2% y/y). CME guided data revenues at $100m per quarter and 2015 OpEx at $1.3b, $10m lower that previous guidance.
ENX reported 2Q15 EPS of €0.41 (-40% q/q, 0% y/y) and ERDesk adjusted EPS of €0.64 (+4% q/q, +66% y/y), 4c above our estimate and 5c above consensus’. Adjusted revenues were €130m (0% q/q, +12% y/y) and expenses were €65m (-4% q/q, -10% y/y). ENX achieved €51m of accumulated efficiencies, representing a run rate of €64m (80% of total). ENX will acquire €20m of its own share to cover employee plans. The CEO replacement process is expected to be concluded over the summer.
CBOE Board of Directors approved a 10% increase in the company’s quarterly cash dividend to $0.23 from $0.21 per share of common stock. The change will be effective with the 3Q15 dividend and payable on September 18, 2015, to stockholders of record at the close of business on September 4, 2015.
BME Clearing received authorization to launch its new equity and IR segments. BME will offer clearing and CCP services for trades in equities listed on BME operated markets; and in the IR segment BME will offer clearing of OTC IR derivatives.
BME plans to launch a new service meant to assist small Spanish banks in complying with new derivatives regulations, the FT reported. BME has already received regulatory approval to offer central clearing for interest rate swaps, which will have to be cleared through a central counterparty, instead of being traded bilaterally.
Bank of China wants its foreign partners to increase their use of RMB as collateral in commodity derivatives transactions, Risk.net reported.
BoE’s Prudential Regulation Authority (PRA) is creating a capital buffer that will be based on a bank’s scorecard in the central bank’s annual resiliency or stress test for major lenders.
SGX CEO Loh Boon Chye stated that the Singapore bourse is open to acquiring new companies, but that it would also focus on building its own products and services.
Nairobi Securities Exchange postponed the launch of its derivatives market to 3Q15 from the originally scheduled date of 2Q15, and stated that “it is imperative that prior to launch of this product, the market understands clearly the positive impact of derivatives as tools to manage investment risk.