CME Group Inc. Reports Fourth-Quarter And Full-Year 2020 Financial Results Date
10/02/2021
CME Group Inc. (NASDAQ: CME) today reported financial results for the fourth quarter and full year of 2020.
The company reported revenue of
$1.1 billion and operating income of
$515 million for the fourth quarter of 2020. Net income was
$424 million and diluted earnings per share were
$1.18. On an adjusted basis, net income was
$497 million and diluted earnings per share were
$1.39. Financial results presented on an adjusted basis for the fourth quarter of 2020 and 2019 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1
Total revenue for full-year 2020 was
$4.9 billion and operating income was
Have you ever heard of the Depository Trust & Clearing Corporation? What about Cede and Company? If those names are foreign to you, then you don’t really understand how the core of our financial system really works. A lot of people are blaming Robinhood CEO Vlad Tenev and the heads of other major trading platforms for the stock trading restrictions that we witnessed last week, but it was actually the DTCC that suddenly jacked up deposit requirements ten-fold. Robinhood and other trading platforms were put in a vise-like grip, and they had no choice but to act. Someone needs to investigate how these decisions were made at the DTCC, and if laws were broken those that were responsible for the decisions need to go to prison.
Broadridge to Become an Approved SFT Submitter for DTCC s Securities Financing Transaction Clearing Service
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Solutions, Inc. (NYSE:BR), a global Fintech leader, in partnership with The Depository Trust & Clearing Corporation (DTCC), has begun development to support its role as an Approved SFT Submitter as it prepares for the launch of the new Securities Financing Transaction (SFT) Clearing service. The proposed new SFT Clearing service, supporting central clearing and settlement services for overnight borrows and loans of equity securities, will be offered by National Securities Clearing Corporation (NSCC), the equity clearing subsidiary of DTCC. We are excited to be working with NSCC and DTCC to provide a seamless solution to the securities finance business domain, said Vijay Mayadas, President of Capital Markets at Broadridge. Our position as Approved SFT Submitter ensures our clients will benefit from further integration, automation and
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At most leading central counterparties (CCPs), the amount of own capital they put on the line to cover losses in the event of a clearing members’ default is vanishingly small relative to that contributed by participants.
On average, CCP own funds made up a little less than 4% of prefunded default fund resources as of Q3.
Risk Quantum assessed data disclosed for 23 default funds across 10 top CCPs.
The Fixed Income Clearing Corporation (FICC) had the lowest amount of skin in the game (SITG) as
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