Core Insights - Fiserv, Inc. reported a slight decline in the Fiserv Small Business Index for November 2025, dropping to 142, with year-over-year sales increasing by 0.8% despite a 0.7% decline in transactions compared to 2024 [1] - The holiday shopping season showed strong early gains, particularly during Black Friday, but overall retail momentum slowed afterward, with small business sales falling by 2.1% on Saturday [1] - Spending patterns indicate consumers are prioritizing essentials over discretionary items, with essential spending growing by 2.1% year-over-year while discretionary sales saw a muted growth of -0.1% [1] Small Business Sales Trends - Thanksgiving Day saw Core Retail sales increase by 3.9%, contributing to an overall retail growth of 1.9%, while Black Friday maintained strong growth across Core Retail (3.1%) and Restaurants (2.9%) [1] - Retail sales were down 1.1% year-over-year in November, attributed to a significant decrease in average ticket size by 2.3%, despite a 1.1% increase in foot traffic [1] - The only retail categories showing annual sales growth were General Merchandise and Sporting Goods, with increases of 2.3% and 3.3%, respectively [1] Restaurant Sector Performance - Small business restaurant sales were nearly flat at -0.1% year-over-year, with foot traffic declining by 1.7% while average tickets grew by 1.6% [1] - Limited-Service restaurants outperformed Full-Service establishments, with annual growth of 0.4% compared to a decline of 0.7% for Full-Service [1] Consumer Spending Behavior - Total goods sales declined by 0.5% year-over-year, while services experienced a growth of 1.4% [1] - The data indicates a shift in consumer behavior towards lower-cost options and essential goods, reflecting a pragmatic approach to spending during the holiday season [1]

Core Insights - Moomoo has integrated OTC Markets' MOON ATS®, providing 24-hour market access for global investors [1][2][3] - This collaboration addresses the growing demand for extended trading hours, particularly among retail and institutional investors in Asia [2][3] - The partnership enhances Moomoo's offerings, allowing retail investors to trade more flexibly and access global markets regardless of time zones [3][4] Company Overview - OTC Markets Group operates regulated markets for over 12,000 U.S. and international securities, focusing on data-driven disclosure standards [5][6] - Moomoo is a global investment platform with over 28 million users, offering advanced trading tools and insights to empower investors [7][8] - Moomoo has expanded its presence across multiple markets, including Singapore, Australia, Japan, Canada, Malaysia, and New Zealand [8]

Core Insights - FactSet and Arcesium have formed a strategic partnership to create a unified investment management solution that integrates front, middle, and back office workflows across public, private, and alternative markets, addressing the industry's need for streamlined operations and data connectivity [1][2][5] Industry Challenges - Data fragmentation is identified as the primary operational challenge for asset managers, with regulatory compliance costs reportedly doubling over the past decade, prompting firms to innovate and adapt their operations [2] - The convergence of public and private markets is leading to significant shifts in capital allocation and competition, with mega-managers capturing 46% of capital raised while representing less than 3% of managers [4] Solution Features - The partnership offers an end-to-end solution that integrates analytics engines, data pipelines, and AI-powered workflows, enabling deeper due diligence and streamlined portfolio monitoring across various asset classes [2][6] - The platform combines FactSet's front and middle-office analytics with Arcesium's back-office technology, including Investment Book of Record (IBOR) and Accounting Book of Record (ABOR), providing a single source of truth for investment and compliance teams [8][9] Market Trends - Private credit fundraising has reached record levels, increasing from $198 billion in 2023 to $210 billion in 2024, with $124 billion raised in the first half of 2025, indicating a growing interest in private market investments [4] - As global private capital continues to expand, asset owners and managers face rising demands for data transparency and increasingly complex portfolios, which the FactSet-Arcesium partnership aims to address [5] Technological Integration - The collaboration leverages FactSet's global data infrastructure and Arcesium's cloud-native technology to enhance data consistency and analytics, facilitating the integration of middle and back-office functions that have historically been underserved [6][10] - The unified platform is designed to empower asset managers to streamline operations, automate processes, and adapt to evolving regulatory demands without vendor lock-in [6]

Core Viewpoint - ION has integrated its Fidessa trading platform with Tradeweb's Request for Quote (RFQ) functionality for Exchange Traded Funds (ETFs), enhancing trading efficiency and access to liquidity for mutual clients [1][4]. Group 1: Integration Benefits - The integration allows users to manage ETF RFQs directly on their Fidessa trading screen, streamlining processes and minimizing trade errors [7]. - Users can automate their ETF RFQ flow by setting parameters for quote requests, provider selection, and price acceptance, leading to increased operational efficiency [7]. - The collaboration provides access to a wider pool of global liquidity providers, enhancing transparency and data insights for better execution in ETF trading strategies [4][7]. Group 2: Market Impact - Tradeweb operates a global electronic trading network with over 3,000 clients, including major financial institutions, which enhances the trading experience for equities firms [2][6]. - Tradeweb facilitated more than $2.4 trillion in notional value traded per day over the past four fiscal quarters, indicating significant market activity [8]. Group 3: Strategic Statements - Adam Gould, Global Head of Equities at Tradeweb, emphasized the importance of this collaboration in delivering an optimized solution for ETF trading, highlighting competitive pricing and deep liquidity [4]. - Robert Cioffi, Global Head of Equities Product Management at ION, noted that this partnership advances the automation of ETF RFQ flow, making it easier for users to access diverse liquidity sources [4].

Presentation Timothy ChiodoUBS Investment Bank, Research Division Okay. Welcome, everyone. We're going to get started here. So we're going to start off, first of all, thank you and congratulations to Mike Milotich, who was recently named CEO, so now CEO and CFO, at least temporarily. But congratulations to Mike on the appointment, and thank you for being here in Arizona. Mike MilotichCEO & CFO Thank you for having me. Timothy ChiodoUBS Investment Bank, Research Division All right. Also I want to say than ...

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Group 1 - The agenda includes a review of the growth in two segments compared to the guidance provided for 2025 and 2026 during the Investor Day [1] - The discussion will focus on the banking segment and the Capital Markets segment [1] - Topics will also cover margins, the TSYS deal, free cash flow, and tax rate among other financial aspects [1]

Core Insights - This year's Black Friday/Cyber Monday (BFCM) weekend set a record with a total transaction volume of $43 billion, representing a 27% increase compared to last year, while maintaining a 99.9999% uptime on the Adyen platform [1] Consumer Payment Trends - Flexibility at checkout is crucial, with 54% of consumers globally abandoning purchases if their preferred payment method is unavailable [2] - In-store purchases had an average basket size (ATV) that was 28% higher than online purchases during Black Friday 2025, with an overall ATV increase of 22% compared to a typical Friday [2] Global Market Trends - Black Friday's significance has expanded globally, with notable transaction volume increases in key international markets compared to typical Fridays [3] - Peak online shopping hours varied globally, with the US peak occurring at 12 p.m. on Black Friday, while contactless in-store transactions rose from 81% last year to 85% this year [3][4] Payment Method Insights - Digital wallets accounted for 33% of POS revenue during Black Friday, up from 21% last year, indicating a growing trend towards digital payment methods [4] - The volume of online payments made via Buy Now Pay Later (BNPL) increased by 43% compared to the previous month, matching last year's Black Friday levels [4] In-Store Shopping Behavior - Peak in-store shopping times showed little year-on-year change, with Saturday being the peak day in most markets, except for the US where the peak was on Black Friday [6] - The average refund rate for online retail purchases during Black Friday last year was significantly higher at 11.32% compared to the annual average of 8.33% [7]

Accessibility StatementSkip Navigation CHICAGO, Dec. 2, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that the U.S. Securities and Exchange Commission (SEC) has approved the registration of a new securities clearing house, CME Securities Clearing Inc. CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Ch ...

Core Insights - Jack Henry has been recognized in Forbes' 2026 Best Companies in America list, ranking 176 out of 500 top-performing companies [1] - The evaluation process involved over 100 metrics across 11 categories, including employee sentiment, financial performance, and sustainability [2] - Jack Henry also ranked sixth in Missouri on the list of America's Best-in-State Companies, highlighting strong customer service and employee retention [4] Company Overview - Jack Henry & Associates, Inc. is a financial technology company that connects financial institutions with their clients, focusing on user-centric solutions [5] - The company has been operational for nearly 50 years, serving approximately 7,400 clients with innovative technology solutions [5] - Jack Henry is an S&P 500 company that emphasizes openness, collaboration, and the ability to integrate with leading fintechs [5]