Core Perspective - PU Prime has launched a global brand campaign titled 'Champion in You', which emphasizes the human experience in trading and the personal journeys that lead individuals to start trading [1][2]. Group 1: Campaign Overview - The 'Champion in You' campaign consists of three phases, with the first phase called 'The Dream', featuring interviews with real traders sharing their motivations and experiences that led them to trading [2][5]. - The campaign aims to provide a grounded perspective on trading, reconnecting traders with their initial motivations and emphasizing the importance of discipline, resilience, and consistency [4][6]. Group 2: Phase Details - 'The Dream' phase highlights the stories of individuals who overcame personal challenges and uncertainties to begin their trading journeys, focusing on the courage to start despite not having certainty [3][4]. - The subsequent phase, 'The Grind', will address the discipline and consistency required to persevere through challenges and setbacks that traders face after their initial motivation wanes [5]. Group 3: Company Background - PU Prime, founded in 2015, is a global fintech company and CFD broker, offering regulated financial products across various asset classes and operating in over 190 countries with more than 40 million app downloads [7].

Core Insights - Euronext announced the results of the annual review for the PSI® index, effective from December 22, 2025, with no changes in the index composition for the December 2025 quarterly review [1][2]. Company Overview - Euronext operates as a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody [4]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a total market capitalization of €6.5 trillion, making it a significant player in European equity trading, handling 25% of European lit equity trading [5]. Recent Developments - In November 2025, Euronext successfully acquired a majority stake in the Athens Stock Exchange (ATHEX), enhancing its pan-European market infrastructure [6].

Core Viewpoint - Euronext has successfully completed a tender offer for its outstanding €600 million 0.125% Bonds due 2026, with €214.515 million accepted for purchase, leaving €385.485 million outstanding after the settlement [3][4]. Offer Details - The tender offer was launched on 17 November 2025, inviting holders of the €600 million Bonds to tender their securities for cash [1][2]. - The expiration deadline for the offer was set at 5:00 p.m. CET on 24 November 2025 [3]. Results of the Offer - A total of €214,515,000 in aggregate principal amount of the Bonds was validly tendered for purchase [3]. - The New Issue Condition was satisfied, allowing the Offeror to accept all validly tendered Bonds in full [4]. Settlement Information - The expected settlement date for the offer is 27 November 2025 [4]. - Post-settlement, €385,485,000 in aggregate principal amount of the Bonds will remain outstanding [4]. Future Acquisitions - The Offeror may acquire additional Bonds through various means, including open market purchases and privately negotiated transactions [5]. Company Overview - Euronext operates as a leading European capital market infrastructure, providing a range of services from listing to trading and clearing [9]. - As of September 2025, Euronext's regulated exchanges host over 1,700 listed issuers with a market capitalization of €6.5 trillion [10]. - In November 2025, Euronext acquired a majority stake in the Athens Stock Exchange, enhancing its market presence [11].

Core Insights - MSCI Inc. is valued at $41.8 billion and provides essential decision-support tools and solutions for the investment community [1] Performance Overview - MSCI shares have underperformed the broader market, declining 6.1% over the past year, while the S&P 500 Index has increased by nearly 12.3% [2] - In 2025, MSCI's stock fell 7.2%, contrasting with the S&P 500's 12.5% rise year-to-date [2] Comparative Analysis - MSCI's underperformance is also evident against the iShares U.S. Broker-Dealers & Securities Exchanges ETF, which gained about 12.7% over the past year and 17.3% year-to-date [3] Recent Financial Results - On October 28, MSCI shares rose over 8% after reporting Q3 results, with an adjusted EPS of $4.47, surpassing Wall Street's expectation of $4.37 [4] - The company's revenue was $793.4 million, falling short of Wall Street forecasts of $799.2 million [4] - Analysts project MSCI's EPS to grow 13.2% to $17.21 for the current fiscal year ending in December [4] Analyst Ratings - Among 19 analysts covering MSCI, the consensus rating is a "Moderate Buy," consisting of 12 "Strong Buy," three "Moderate Buy," three "Hold," and one "Strong Sell" [5] - The consensus has become less bullish compared to the previous month, with 13 analysts previously suggesting a "Strong Buy" [6] - Evercore ISI analyst David Motemaden maintains a "Buy" rating with a price target of $655, indicating a potential upside of 17.6% from current levels [6] - The mean price target is $653.06, representing a 17.3% premium to current prices, while the highest price target of $710 suggests a notable upside potential of 27.5% [6]

Event Overview - Bybit Plus 正在进行 TradFi 交易竞赛，交易标的包括黄金、外汇或指数 [1] - 活动时间：UTC 时间 11 月 4 日上午 10 点至 12 月 4 日上午 10 点 [1] Prize Pool - 总奖金池：12 万 USDT [1] - 其中 2 万 USDT 专门为新交易者预留 [1] Participation - 交易者可以通过交易量和盈亏额登上排行榜 [1]

Event Overview - Bybit 推出 TradFi 交易竞赛，鼓励用户交易黄金、外汇或指数 [1] - 竞赛时间为 2025 年 11 月 4 日至 2025 年 12 月 4 日 [2] Prize Pool - 总奖金池为 12 万 USDT [2] - 其中 2 万 USDT 专门为新交易者预留 [2] Participation - 无论专业交易者还是新手，均可参与 [2] - 参与者可以通过交易量和盈亏额登上排行榜 [1]

Core Insights - B2PRIME Group has launched B2PRIME Retail, a new business arm aimed at providing institutional-grade technology and infrastructure to individual traders, enhancing client experience with pro-level execution and transparent pricing [1][2] Group Structure and Offerings - B2PRIME Retail is designed specifically for retail clients, allowing them to trade CFDs across seven asset classes, including Forex, Metals, Indices, Commodities, Energies, Cryptocurrencies, and NDFs [2] - The company has obtained the DARE License in the Bahamas, enabling it to offer regulated digital asset services, including Crypto Spot and Perpetual Futures [3] Client Experience and Technology - The onboarding process for clients is fully digital, featuring automated KYC/AML compliance reviews for near-instant account setup, with deposits and withdrawals processed through efficient straight-through rails [3] - B2PRIME Retail will introduce features such as Copy Trading and a next-generation IB program, which includes leaderboards, tiered rebates, partner wallets, and instant payouts [4] Governance and Operations - B2PRIME Retail operates as a separate division with independent management and systems, ensuring strict information barriers between retail and institutional operations to maintain the integrity of the Group's institutional services [5] Trading Conditions - The company offers different trading conditions, including Raw Spread with direct institutional spreads and fixed commissions, as well as Standard accounts with tight spreads and zero commission [6]

Core Insights - S&P Global Inc. (SPGI) reported strong third-quarter 2025 results, with earnings and revenues exceeding expectations [1][9] - Adjusted earnings per share (EPS) reached $4.73, surpassing the Zacks Consensus Estimate by 7.5% and increasing 21.6% year over year [1][9] - Revenues totaled $3.9 billion, beating the consensus estimate by 1.4% and growing 8.8% year over year [1][9] Revenue Breakdown - Marketing Intelligence revenues were $1.2 billion, a 6% increase from the previous year, meeting estimates [3] - Ratings revenues grew 12% to $1.2 billion, exceeding projections of $1.1 billion [3] - Commodity Insights revenues reached $556 million, up 6% year over year, but slightly missed estimates [3] - Mobility and Indices segments saw revenues of $445 million and $462 million, respectively, with year-over-year increases of 8% and 11% [4] Profitability Metrics - Adjusted operating profit was $2 billion, reflecting a 16% year-over-year increase [4] - The adjusted operating profit margin improved to 52%, up 330 basis points from the previous year [4] Financial Position - At the end of Q3 2025, SPGI had cash and cash equivalents of $1.7 billion, down from $1.8 billion in the previous quarter [5] - Long-term debt remained stable at $11.4 billion [5] - The company generated $1.5 billion in cash from operating activities, with free cash flow of $1.4 billion [5] Future Guidance - SPGI raised its adjusted EPS guidance to $17.60-$17.85, above the previous range of $17.00-$17.25 and higher than the Zacks Consensus Estimate of $17.29 [6] - Revenue growth guidance was increased to 7-8%, up from the previous 5-7% [6] - Capital expenditure guidance is set at $180-$190 million [6]

Financial Performance - 3Q 2025 - S&P Global's revenue increased by 9% to $3888 million in 3Q 2025, compared to $3575 million in 3Q 2024[41] - Operating profit increased by 16% to $2026 million, with an operating margin of 52.1%, a 330 bps increase from 48.8% in 3Q 2024[41] - Net income (less NCI) increased by 19% to $1442 million, compared to $1210 million in 3Q 2024[41] - Diluted EPS increased by 22% to $4.73, compared to $3.89 in 3Q 2024[41] - Adjusted Free Cash Flow, excluding certain items, increased by 6% to $1505 million[41] Segment Performance - 3Q 2025 - S&P Global Market Intelligence revenue increased by 6% to $1236 million, with a segment operating margin of 35.6%[71] - S&P Global Ratings revenue increased by 12% to $1240 million, with a segment operating margin of 67.1%[79] - S&P Global Commodity Insights revenue increased by 6% to $556 million, with a segment operating margin of 48.1%[86] - S&P Global Mobility revenue increased by 8% to $445 million, with a segment operating margin of 43.3%[92] - S&P Dow Jones Indices revenue increased by 11% to $462 million, with a segment operating margin of 71.2%[98] Updated 2025 Guidance - The company updated its 2025 revenue growth guidance from 5%-7% to 7%-8%[110, 116] - The company updated its 2025 diluted EPS guidance from $14.35-$14.60 to $14.80-$15.05 on a GAAP basis[110] and from $17.00-$17.25 to $17.60-$17.85 on an adjusted basis[116]

Core Insights - PrimeXBT has appointed Kearabilwe Nonyana as VIP Account Manager to enhance its leadership in the South African market through expertise and client-focused service [1][3] Company Overview - PrimeXBT is a global multi-asset broker with over 1,000,000 traders across 150+ countries, offering a trading experience that integrates traditional and digital finance [4] - The platform allows clients to trade CFDs on Stocks, Indices, Commodities, and Crypto, as well as Crypto Futures and Forex, while also providing secure cryptocurrency storage and exchange options [4] Leadership and Expertise - Kearabilwe Nonyana brings over a decade of experience in institutional and retail trading, equity research, and digital assets, having worked with notable firms such as JPMorgan and IG Group [2] - Nonyana's role will focus on supporting VIP clients and enhancing relationships, helping traders navigate opportunities in global and digital markets [2][3] Market Positioning - Nonyana is recognized as a respected commentator in South Africa's financial community, providing insights on market dynamics and macroeconomic trends [3] - His appointment aligns with PrimeXBT's commitment to excellence, trust, and transparency, further solidifying its position as a trusted multi-asset broker in South Africa [3]