SYDNEY, AUSTRALIA: ASX has announced that it has agreed to sell its 43% stake in Yieldbroker, an Australian electronic fixed income trading platform, to Tradeweb, a global operator of electronic marketplaces for rates, credit and money markets. The deal, which is subject to regulatory approvals and other conditions, is expected to generate around A$55 million…
Tag: ASX Limited
ASX Limited posts 1.8% growth in net profits to $250.4mn
SYDNEY: Australia Securities Exchange (ASX Limited) has posted strong earnings growth for the half-year ended December 31, 2019 as the operating revenues surged 7.1% to $454.9 million and net profit after tax clocked in at $250.4 million, up 1.8%. Core activity plus strategic initiatives drove higher shareholder returns – interim dividend up 1.7% to 116.4…