Core Points - Euronext's Annual General Meeting (AGM) approved all resolutions except for the advisory vote [1] - The annual dividend of €2.90 per ordinary share will be paid on 28 May 2025, with the ex-dividend date on 26 May 2025 and record date on 27 May 2025 [1] Voting Items Summary - Proposal to adopt the 2024 remuneration report [2] - Proposal to adopt the 2024 financial statements [2] - Proposal to discharge the members of the Managing Board for their duties in 2024 [2] - Proposal to discharge the members of the Supervisory Board for their duties in 2024 [2] - Re-appointment of Piero Novelli and Olivier Sichel as members of the Supervisory Board [2] - Appointment of Francesca Scaglia as a member of the Supervisory Board [2] - Re-appointment of Delphine d'Amarzit and appointment of René van Vlerken as members of the Managing Board [2] - Proposal to amend the remuneration policy for both the Managing and Supervisory Boards [2] - Proposal to appoint the external auditor [2] - Proposal regarding the cancellation of the company's own shares purchased under the share repurchase program [2] - Proposal to designate the Managing Board as the competent body to issue ordinary shares and restrict or exclude pre-emptive rights [2] - Proposal to authorize the Managing Board to acquire ordinary shares on behalf of the company [2] - Proposal to authorize the Supervisory Board or Managing Board to grant rights to French beneficiaries to receive shares [2] Company Overview - Euronext is the leading European capital market infrastructure, covering the entire capital markets value chain [4] - As of March 2025, Euronext's regulated exchanges host nearly 1,800 listed issuers with a market capitalization of €6.3 trillion [5] - Euronext handles 25% of European lit equity trading and offers a diverse range of products including equities, FX, ETFs, bonds, derivatives, commodities, and indices [5]

Core Viewpoint - The Stock Exchange of Thailand (SET) and Nasdaq have announced an expanded strategic technology partnership aimed at modernizing Thailand's capital markets, focusing on enhancing market resilience, integrity, and aligning with global standards through the use of Nasdaq's AI capabilities [1][2]. Group 1: Partnership Objectives - The collaboration will promote the adoption of Nasdaq's risk and surveillance platforms within SET's member community to drive consistent infrastructure across the market ecosystem [2]. - The initiative aims to enhance systemwide efficiency, transparency, and risk management, benefiting from common market infrastructure and Nasdaq's ongoing investments in modernization [2][3]. Group 2: Market Impact - The partnership is expected to strengthen liquidity, transparency, and integrity in Thailand's capital markets, fostering trust and investor confidence [3]. - By adopting advanced risk and surveillance solutions, SET aims to improve its ability to detect market abuse and monitor trading activities, reinforcing Thailand's leadership in ASEAN's capital markets [3][4]. Group 3: Nasdaq's Global Reach - Nasdaq's technology is utilized by 97% of globally systematically important banks, half of the world's top 25 stock exchanges, and over 3,800 clients in the financial services industry [3]. - The partnership reflects Nasdaq's commitment to advancing industry-wide modernization through deep strategic relationships and mission-critical solutions [4]. Group 4: Future Vision - Together, SET and Nasdaq are laying the foundation for a robust, future-ready capital market ecosystem, enhancing Thailand's position as a regional innovation leader and financial hub [5].

金十数据5月12日讯，周一，亚洲历史最悠久的证券交易所之一孟买证券交易所（BSE）的股票盘中飙 升7.2%，反映了达拉尔街（印度金融街）强劲的买入情绪，因为印度和巴基斯坦在周末达成了停火协 议，此前双方就军事设施展开了猛烈的导弹和无人机袭击。地缘政治紧张局势的缓和让看涨者重新掌控 了印度股市。BSE首次突破7000卢比大关，创下每股7047卢比的历史新高。 孟买证券交易所股价飙升超过7%，创历史新高 ...

Summary of Key Points Core Viewpoint - The total short interest in Nasdaq securities has increased, indicating a growing bearish sentiment among investors as of the settlement date of April 30, 2025 [3]. Group 1: Nasdaq Global Market - Short interest in 3,156 Nasdaq Global Market securities totaled 13,300,707,903 shares, up from 13,211,633,004 shares in the previous reporting period [1]. - The average short interest represents 2.40 days compared to 1.76 days in the prior reporting period [1]. Group 2: Nasdaq Capital Market - Short interest in 1,636 securities on The Nasdaq Capital Market reached 2,645,060,429 shares, an increase from 2,609,354,721 shares in the previous period [2]. - The average daily volume remained stable at 1.00 day for both reporting periods [2]. Group 3: Overall Nasdaq Securities - Total short interest across all 4,792 Nasdaq securities was 15,945,768,331 shares, compared to 15,820,987,725 shares in the previous reporting period [3]. - The average daily volume for all securities increased to 1.92 days from 1.52 days in the prior period [3]. Group 4: Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own or any sale consummated by the delivery of a borrowed security [4].

Core Insights - Euronext announced trading volumes for April 2025, highlighting its position as a leading European capital market infrastructure [1] Company Overview - Euronext covers the entire capital markets value chain, including listing, trading, clearing, settlement, and custody services [2] - It operates MTS, a prominent electronic fixed income trading market, and Nord Pool, the European power market [2] - Euronext provides clearing and settlement services through Euronext Clearing and its CSDs in Denmark, Italy, Norway, and Portugal [2] Market Position - As of March 2025, Euronext's regulated exchanges host nearly 1,800 listed issuers with a market capitalization of €6.3 trillion [3] - Euronext is recognized as the largest global center for debt and fund listings, handling 25% of European lit equity trading [3] - The company offers a diverse range of products, including equities, FX, ETFs, bonds, derivatives, commodities, and indices [3]

深交所会员客户交易行为管理评价业务指引修订 新增程序化交易及两融交易管理情况评价 智通财经5月6日电，深圳证券交易所近期对《深圳证券交易所会员客户交易行为管理评价业务指引》进 行了修订，以进一步压实会员客户交易行为管理责任，更好地发挥评价机制的督促引导作用。据悉，此 次修订增加上位规则依据，并完善了会员评价内容，新增"会员对程序化交易的管理情况""会员对融资 融券交易的管理情况"两方面评价内容，并在原有的"会员协同自律监管情况"评价中新增重点监控证券 管理、加强客户交易风险提示等内容。此外，此次修订还优化了评价结果运用规定，明确了对评价星级 为两星及以下且评价得分小于70分的会员，可采取口头问询、谈话提醒等工作措施，不采取自律监管措 施；评价星级为两星及以下且评价得分小于60分的会员，原则上纳入现场检查范围。 (中证金牛座) ...

来源：新华社 上海市委金融办、中国人民银行上海总部、交通银行、工商银行上海市分行、上海证券交易所相关 负责同志在座谈会上发言。 新华社上海4月29日电 驻沪中央金融机构支持上海建设国际金融中心座谈会4月29日在上海召开， 中共中央政治局委员、中央金融委员会办公室主任何立峰出席座谈会并讲话。他强调，要认真学习深刻 领会深入贯彻习近平总书记关于加快建设上海国际金融中心的重要指示批示精神，全面落实中央金融委 近期印发的《关于支持加快建设上海国际金融中心的意见》，加强上海"五个中心"建设协同联动，全面 提升上海国际金融中心能级。 何立峰指出，要冷静分析、沉着应对近期外部形势的发展变化，坚持目标导向、问题导向，在确保 金融安全的前提下持续强化上海金融开放枢纽门户功能，增强人民币资产全球配置中心、风险管理中心 地位，推动上海国际金融中心建设不断实现新突破新提升。要齐心协力、狠抓落实，上海市切实担负主 体责任，各金融管理部门、金融机构特别是驻沪机构加强协调配合，中央金融办强化统筹协调和督促落 实。 ...

Core Insights - Nasdaq, Inc. (NASDAQ: NDAQ) reported strong Q1 2025 results, surpassing analyst expectations across most metrics [1] - Following the results, shares of Nasdaq have reacted positively, with analysts maintaining an "Outperform" rating on NDAQ [1]

Core Insights - Tomas Riba is an economist and former CFO who focuses on investing in high-quality companies that can compound cash flow over the long term [1] - His investment journey began in 2007, and he has a background in accounting and finance [1] - Riba emphasizes a long-term investment approach, seeking companies with strong competitive advantages, growing industries, expanding margins, low debt, and aligned management [1] Company and Industry Focus - Riba has experience in various industries including pharma, medical devices, textiles, food, and real estate [1] - He currently teaches courses on "Derivatives for risk management" and "Investment analysis" at a Master's Degree program in Financial Management [1] - The focus on companies with strong fundamentals suggests a preference for sectors that demonstrate resilience and growth potential [1]

Financial Data and Key Metrics Changes - Nasdaq reported net revenues of $1.2 billion, representing a 12.5% increase year-over-year [9][42] - Solutions revenues were $947 million, reflecting an 11% growth year-over-year [9][42] - Annual Recurring Revenue (ARR) rose to $2.8 billion, up 9% year-over-year [9][42] - Operating income increased by 17%, and earnings per share (EPS) grew by 24% [10][42] - Free cash flow for the first quarter was $674 million, supporting deleveraging and share repurchases [12][66] Business Line Data and Key Metrics Changes - Capital Access Platforms generated 5% ARR growth and 11% revenue growth, driven by net inflows and product innovation [10][45] - Financial Technology delivered 10% revenue growth, with ARR growth of 12%, including 21% growth in Financial Crime Management Technology [11][52] - Market Services achieved 19% net revenue growth, driven by record U.S. cash equities and derivatives revenue [11][58] Market Data and Key Metrics Changes - Nasdaq welcomed 45 operating companies, raising approximately $5 billion in total proceeds [15] - The index business achieved 26% revenue growth, with record average ETP AUM of $662 billion [47] - U.S. cash equities markets experienced five of the six highest trading days in industry history [35][36] Company Strategy and Development Direction - Nasdaq is focused on enhancing its competitive position and executing its strategy amid market volatility [8] - The company aims to surpass $100 million in run rate revenue from cross-sells by the end of 2027 [12] - Nasdaq is expanding its efficiency program target to $140 million, building on the success of the Edenta transaction [12] Management's Comments on Operating Environment and Future Outlook - The management noted that the global economy maintained solid performance at the beginning of the year, but uncertainty increased due to changing trade policies and geopolitical tensions [7][37] - Nasdaq's diversified business model positions it for resilient growth despite market fluctuations [40] - The management expressed confidence in achieving full-year 2025 revenue growth within the medium-term outlook [56][70] Other Important Information - Nasdaq announced an enhanced partnership with AWS to modernize its market infrastructure [22][131] - The company repurchased $279 million in notional value of debt and $115 million in common stock during the first quarter [66][68] Q&A Session Summary Question: Strength in the index business and differences from the last downturn - Management highlighted that the index business grew 6% during the 2022 downturn and has since expanded its product offerings and client base, leading to 26% growth despite an 8% decline in market values [78][81] Question: Opening a regional headquarters in Texas - The decision to open a regional headquarters in Texas is driven by the need to serve a growing client base in the area, including banks and corporate clients [88][90] Question: Acquisition priorities and M&A outlook - Management stated that the focus remains on organic growth rather than pursuing acquisitions, emphasizing the importance of deleveraging and share buybacks [96][97] Question: Impact of macro headwinds on sales cycles - Management noted that while there are delays in larger decisions, the overall demand remains strong across various segments, particularly in Financial Crime Management Technology [102][110] Question: Growth from Verifen and European opportunities - Management indicated that growth is driven by SMB sales moving upmarket, with ongoing engagement in Europe, although significant contributions are expected in the following years [120][121] Question: Further details on delays and revenue impact - Management acknowledged that delays in decision-making could impact growth in Q2 but remains confident in achieving medium-term growth targets [126][128] Question: Enhanced partnership with AWS - Management explained that the partnership with AWS aims to provide scalable, resilient infrastructure solutions for market operators, enhancing overall market technology revenues [135]