The Australian Securities Exchange (ASX) has entered an agreement to sell its 18.6% stake in IRESS, terminating an 18-year investment in the developer of software and services for financial markets and wealth management. The sale has been underwritten at a fixed price of $11.95 per share and is expected to realise gross proceeds of $385 million. ASX managing director Dominic Stevens says: “IRESS has been an attractive investment for ASX over many years. But we believe now is the right time to divest as it no longer provides the strategic value to ASX that it once did.”
A-Team Insight Blogs
Don’t miss this opportunity to view the recording of this recently held webinar. Markets in Financial Instruments Directive II (MiFID II) strengthens the best execution requirement embedded in MiFID by expanding disclosure. Among the directive’s requirements are provisions to ensure investment firms provide appropriate information to clients on their order execution policy and publish a...
Following the debacle that was the Facebook IPO on May 18, and Nasdaq OMX’s announcement that it plans to compensate member firms for who were “disadvantaged by technical problems” during the IPO process, the exchange has also revealed that it “has selected IBM to conduct a thorough review of the current state of processes for...
The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.
With the compliance deadline for Markets in Financial Instruments Directive II (MiFID II) just over two months away, A-Team Group has updated its MiFID II handbook to bring you the latest details on the regulation’s compliance requirements. Version 2 of the handbook, commissioned by Thomson Reuters, also includes new sections covering data sourcing and data...