|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||113.14 - 116.24|
|52-week range||82.94 - 116.24|
|Beta (5Y monthly)||0.34|
|PE ratio (TTM)||74.51|
|Forward dividend & yield||1.38 (1.21%)|
|Ex-dividend date||17 Aug 2023|
|1y target est||N/A|
Long a Brexit battleground between London and Brussels, the EU wants better oversight of clearing in euro denominated interest rate swaps bought by EU-based market participants, the bulk of which are cleared by the London Stock Exchange Group in the United Kingdom. The European Parliament's economic affairs committee voted on Tuesday to approve the draft law that requires EU banks and asset managers to have an "active account" with an EU-based clearing house, in practice Deutsche Boerse in Frankfurt and the Madrid Exchange, for rate swaps. The European Commission could only impose mandatory volumes after it completes a cost/benefit analysis to assess the impact on financial stability and international competitiveness of EU counterparties, the committee said.
This is an audio transcript of the Unhedged podcast episode: ‘What the London Stock Exchange really trades’[MUSIC PLAYING]Katie MartinSo in the UK, politicians, bankers, all kinds of people are all fretting about one thing, which is the long, slow, painful death of stock market listings in London.
Deutsche Boerse's derivatives arm said on Tuesday that it has been building up volume in its Euribor futures contract in Frankfurt as the European Union vies with London for the multi-billion-euro market post Brexit. The EU wants to significantly relocate the clearing of Euribor futures and euro-denominated interest rate swaps (IRS) out of London, which is now largely cut off from the bloc's financial market and rules since its 2020 exit from the EU. Matthias Graulich, executive board member at Deutsche Boerse's Eurex Clearing said its share in Euribor futures trading and clearing had reached 10% on Nov. 20 since it relaunched the contract on Nov. 1, backed by incentives for customers.