Temasek Holdings Pte. and Life Insurance Corporation of India Ltd. are likely to be key sellers in the potential $2.5 billion initial public offering of India's top bourse, the National Stock Exchange of India Ltd., according to a person familiar with the matter.State Bank of India Ltd. and SBI Capital Markets Ltd. are also likely to participate as sellers in the long-awaited IPO, which is expected to consist solely of existing shareholders offering between 4% and 4.5% of the company's equity, according to ...

The BSE The market capitalisation of all listed companies on the BSE decreased by Rs 6 lakh crore to Rs 453.87 lakh crore.Under the Budget 2026 proposals, the STT on futures contracts will rise to 0.05% from 0.02%, while the tax on options premiums will increase to 0.15% from 0.10%. The levy on options exercised will also climb to 0.15% from 0.125%.The measures mark a meaningful increase in trading costs for derivatives investors and threaten to curb volumes in a segment that has expanded rapidly in recent ...

Core Insights - The resignation of IDX CEO Iman Rachman highlights increasing investor anxiety following a market plunge that erased approximately $80 billion in equity value this week [1] - The Jakarta Composite Index (JCI) experienced a significant sell-off, dropping over 8% in two sessions, marking its largest multi-day decline in months [2] - MSCI Inc. raised concerns regarding "investability" and transparency in Indonesian equities, warning that Indonesia could be downgraded from "emerging market" to "frontier market" status if structural issues are not addressed [3][4] Regulatory Response - Indonesian regulators have taken steps to reassure investors, with the IDX acknowledging MSCI's feedback and committing to increase the weighting of Indonesian equities in MSCI indexes [5] - The Financial Services Authority (OJK) plans to raise the minimum free-float requirement for listed companies to 15% to enhance liquidity and transparency [6] - The Indonesian government will increase the investment limit for pension funds and insurers in the stock market from 8% to 20% of their assets, which contributed to a slight market recovery with the JCI rising 1.18% [6] Market Sentiment - Overall investor confidence remains fragile amid broader economic uncertainties under President Prabowo Subianto's administration [7] - Concerns over expanding social spending despite weakening government revenues, pressure on the rupiah, and questions regarding central bank independence have led to increased foreign capital outflows [8]

北交所合格投资者突破千万户 规模创新高 记者从北交所获悉，这一数据创下北交所成立以来历史新高，较开市初期的400万户实现翻倍增长，仅 过去五个月就从900万户激增至千万户 。专家表示，投资者队伍快速壮大，与北交所新股市场的强劲表 现相关，开年以来，北交所新股申购的冻结资金规模首次突破1万亿元，显示投资者入市热情持续高 涨。 东吴证券首席经济学家芦哲：千万户投资者规模是北交所市场生态成熟的重要信号。一方面，新股市场 的亮眼表现验证了北交所企业的投资价值，吸引增量资金入场；另一方面，市场规模的扩容与投资者数 量的增长形成良性循环，为创新型中小企业提供了更充足的资本支持。 新年伊始，北交所市场迎来标志性突破。截至1月20日，开通北交所权限的合格投资者账户数正式突破 1000万户，较去年同期净增近200万户。叠加新股市场火热表现，北交所市场活力与吸引力持续攀升。 （文章来源：央视新闻） 北交所创立之初就定位于服务创新型中小企业，开年以来，北交所上市IPO提速，优质企业集聚效应凸 显。 北交所透露，2026年开年企业IPO审核提速，不足一个月已有7家企业过会，部分国家级专精特新"小巨 人"企业IPO从受理到过会仅需6个 ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - Euronext has successfully completed a €250 million share repurchase program, repurchasing approximately 1.90% of its share capital at an average price of €127.03 per share [1][2]. Group 1: Share Repurchase Program Details - The share repurchase program was executed from November 18, 2025, to January 27, 2026, totaling 1,967,993 shares [1]. - The program was conducted in compliance with applicable regulations, including the Market Abuse Regulation and was authorized by the General Meeting of Shareholders on May 15, 2025 [2]. Group 2: Future Actions - During the 2026 Annual General Meeting scheduled for May 20, 2026, the Managing Board will seek authorization to confirm the cancellation of the repurchased shares [3]. Group 3: Company Overview - Euronext is a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, and settlement [5]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.5 trillion, handling 25% of European lit equity trading [6]. - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange, further expanding its market presence [7].

Core Insights - NASDAQ reported fourth quarter earnings of $0.96 per share, exceeding estimates by $0.05, with revenue of $1.39 billion, also ahead of expectations [1][2] - The company experienced a revenue growth of 12% for the year and 13% for the quarter, with solutions businesses growing 12% for the quarter and 11% for the year [3][4] - NASDAQ achieved $99 billion in inflows into its index business for the year and recorded the largest closing cross in notional value at $233 billion traded in December [4][5] Financial Performance - The overall revenue growth of NASDAQ was 12% for the year and 13% for the fourth quarter [3] - Solutions businesses, excluding markets, grew 12% for the quarter and 11% for the year [3] - The company switched $1.2 trillion of market capitalization to NASDAQ, achieving a 72% win rate for IPOs [5] Market Outlook - NASDAQ has a healthy pipeline of companies ready to enter the market, with an active IPO outlook for the upcoming year [6][7] - The company is optimistic about the momentum across its business as it heads into 2026 [5][6] Technological Advancements - NASDAQ is focusing on integrating AI into its operations to enhance efficiency and effectiveness, allowing for better service delivery [10][18] - The company aims to attract younger talent with AI skills to support its growth and transformation [11][12] Business Transformation - The acquisition of Odessa has significantly transformed NASDAQ, broadening its scope beyond just listings [13][15] - The company is committed to organic growth and adapting its services to meet client needs across various financial market risks [17][18] - NASDAQ emphasizes the importance of its listings business as a catalyst for broader business operations [20]

Nasdaq (NasdaqGS:NDAQ) Q4 2025 Earnings call January 29, 2026 08:00 AM ET Company ParticipantsAdena Friedman - Chair and CEOAto Garrett - SVP of Investor RelationsBenjamin Budish - DirectorBrian Bedell - DirectorOwen Lau - Managing DirectorSarah Youngwood - CFOSimon Clinch - Managing Director of Finacials ResearchConference Call ParticipantsAlexander Blostein - Managing Director and Senior Equity AnalystAlexander Kramm - Managing Director and Senior Equity Research AnalystAshish Sabadra - Managing Director ...

Financial Data and Key Metrics Changes - For the full year 2025, the company achieved net revenues of $5.2 billion, an increase of 12% year-over-year [6][24] - Solutions revenue grew 11% to $4 billion, representing 76% of total net revenue [23] - Annual operating income was $2.9 billion, up 16%, with diluted EPS growth of 24% [6][24] - Fourth quarter net revenue was $1.4 billion, up 13% year-over-year, with solutions revenue of $1.1 billion, up 12% [7][24] - Operating expenses for the fourth quarter were $609 million, up 8% year-over-year, leading to an operating margin of 56% [7][36] Business Line Data and Key Metrics Changes - Capital access platforms delivered quarterly revenue of $572 million, up 12%, with annual revenue of $2.1 billion, up 10% [25] - Index revenue increased by 23% in the fourth quarter, with net inflows of $99 billion over the last 12 months [26] - Financial technology revenue in the quarter was $498 million, up 12%, with annual revenue of $1.85 billion, up 11% [29] - Market services achieved record annual net revenue of $1.2 billion, up 17% year-over-year [19][32] Market Data and Key Metrics Changes - The company secured three of the five top IPOs of 2025, including the largest IPO of the year, Medline [11] - The Nordic markets welcomed the largest IPO in Europe, Verisure, contributing to strong performance in the region [11] - The index franchise achieved record average AUM, with ETP AUM reaching $882 billion, an all-time high [14] Company Strategy and Development Direction - The company focuses on three strategic pillars: integrate, innovate, and accelerate, which have driven strong results [8] - Plans to launch 23x5 trading in the Nasdaq Stock Market in the second half of 2026, subject to regulatory approval [9] - The company aims to leverage AI across its business and has begun rolling out new AI-enabled products [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to build on its strong foundation and deliver durable growth in 2026 [21] - The company sees signs of accelerating capital markets activity, supported by recent Fed cuts and a healthy pipeline of late-stage private companies [12] - Management highlighted the importance of managing risk and advancing market structure as key industry priorities [20] Other Important Information - The company generated free cash flow of approximately $2.2 billion in 2025, with a conversion ratio of 109% [37] - The company paid dividends totaling $601 million in 2025 and repurchased 7.2 million shares for $616 million [38] Q&A Session Summary Question: Expectations for expanded options expirations and market volumes - Management noted that expanded options expirations provide clients with more choices for managing risk and are expected to drive market volumes [39][40] Question: Growth in equity options volumes and structural shifts - Management indicated that growth in equity options volumes is driven by a broadening investor base and increased engagement from both retail and institutional investors [42][44] Question: Pipeline and pace expectations for the data and listing segment - Management highlighted momentum in new issuances and active dialogue with late-stage private companies looking to go public, with expectations for increased activity in 2026 [45][46] Question: Outlook for financial crime management growth - Management discussed the variability in revenue due to implementation timing for enterprise deals but expressed optimism about the pipeline of opportunities in 2026 [47][49] Question: Nasdaq's ambitions in the proxy market - Management emphasized the focus on policy reform and modernization of proxy infrastructure to streamline processes for public companies [58] Question: Tokenization of equity securities - Management explained that the goal is to integrate tokenization with existing infrastructure while ensuring investor protection and issuer choice [60][62]

Nasdaq 4Q25 Quarterly Update January 29, 2026 Disclaimers Cautionary Note Regarding Forward - Looking Statements Information set forth in this communication contains forward - looking statements that involve a number of risks and uncertainties . Nasdaq cautions readers that any forward - looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward - lookin g information. When used in this communication, words such as "expect ...