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]

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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]

3Q 2025 Earnings Supplemental Disclosure No content below the line No content below the line October 30, 2025 1 Always copy slides into a new presentation using Paste Options / Paste Special Use Destination Theme Default Footer text on all slides is "S&P Global – Internal Use Only" – to change / remove use Insert Tab Header & Footer Enter / change text Click Apply All. When adding colors, don't use the variants or the Standard Colors of the Theme Colors. Only use the Data Visualization colors for charts. Da ...

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]

Core Insights - Euronext is set to join the CAC 40® Index, effective from September 22, 2025, marking a significant recognition of its market performance and shareholder value creation since its IPO in 2014 [1][4]. Company Growth and Performance - Euronext has experienced substantial growth since its IPO in June 2014, with annual revenue increasing from €458.5 million to over €1.6 billion by 2024, representing a more than threefold increase [3]. - The company's annual EBITDA has also seen significant growth, rising from €225.4 million in 2014 to over €1.0 billion adjusted EBITDA in 2024, indicating a more than fourfold increase [3]. - Euronext's market capitalization has surged from €1.4 billion at its IPO to €14.5 billion as of August 22, 2025, showcasing its transformation and expansion in the capital markets [3]. Strategic Developments - Since its IPO, Euronext has expanded its operations from four market infrastructures to being the leading European capital market infrastructure, with regulated markets in multiple European cities [2]. - The company has diversified its services across the entire capital markets value chain, including listing, trading, clearing, settlement, and custody, as well as solutions for issuers and investors [2][9]. - Euronext's strategic acquisitions and geographic expansion have been pivotal in its growth, with plans to extend its federal model to Athens announced in July 2025 [2][6]. Market Position - Euronext's regulated exchanges host nearly 1,800 listed issuers with a total market capitalization of €6.3 trillion, making it a significant player in the European capital markets [10]. - The company handles 25% of European lit equity trading and offers a diverse range of products, including equities, FX, ETFs, bonds, derivatives, commodities, and indices [10].

Core Insights - PrimeXBT has been awarded the Best Multi-Asset Trading Platform at the 2025 Global Forex Awards, highlighting its position as a leading global broker focused on trader-centric solutions [1][4]. Company Overview - PrimeXBT provides easy access to Crypto Futures, Forex, and CFDs on various assets including Commodities, Indices, Stocks, and Crypto, through an integrated trading ecosystem that includes PXTrader, MT5, and a Crypto Exchange [2]. - The broker is regulated across multiple jurisdictions, establishing a reputation for trust and reliability, supported by robust compliance standards and competitive trading conditions [2]. - PrimeXBT has gained the trust of over 1,000,000 traders in over 150 countries, offering a next-generation trading experience that integrates traditional and digital finance [6]. Industry Recognition - The Global Forex Awards, now in their seventh year, are recognized as a benchmark of excellence in retail forex and multi-asset trading, with this year's edition attracting over 200,000 public votes from traders worldwide [4]. - Winning the award is particularly significant as it reflects the votes of traders globally, reinforcing PrimeXBT's mission to empower traders with choice, control, and clarity in dynamic markets [3][5]. Commitment to Traders - The award serves as a testament to PrimeXBT's ongoing commitment to supporting traders and enhancing industry standards through innovation, transparency, and fairness [5].