24 August 2017
visit www.avoka.com

Deutsche Börse to take EUR200 write-down against under-performing ISE

20 January 2010  |  5005 views  |  0 Deutsche Borse trading floor

Deutsche Börse is to take a write-down of EUR200 million on its 2009 earnings following a poor showing in US equity options trading by the International Securities Exchange.

The German exchange operators says it will book a non-cash impairment charge of around €420 million in 2009, which will be partially offset by a €180 million tax credit.

In a statement, the Börse says: "The impairment reflects stagnation in the US equity options market in 2009 and a revenue decline at ISE during the course of the year."

The ISE has struggled to retain momentum in the US options market, which has been subject to difficult trading conditions and the arrival of cost-cutting competition from Nyse and Nasdaq.

Deutsche Börse says the charge should not eat into dividend pay-outs for investors, despite subdued trading volumes in cash and derivatives markets in 2009, due to strong cash flow generation from operations.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Deutsche Börse forced to suspend bond e-trading

Deutsche Börse forced to suspend bond e-trading

07 January 2010  |  11282 views  |  0 comments
Deutsche Börse to buy 75% stake in Tradegate Exchange

Deutsche Börse to buy 75% stake in Tradegate Exchange

30 November 2009  |  6609 views  |  0 comments
Deutsche Börse acquires machine-readable data specialist Need to Know News

Deutsche Börse acquires machine-readable data specialist Need to Know News

20 November 2009  |  9269 views  |  0 comments
Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

12 November 2009  |  8610 views  |  0 comments
Deutsche Börse begins pan-European blue chip trading

Deutsche Börse begins pan-European blue chip trading

02 November 2009  |  6631 views  |  1 comments
ISE shareholders approve merger with Eurex

ISE shareholders approve merger with Eurex

27 July 2007  |  5529 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
20759 views comments | 43 tweets | 86 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12015 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11320 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11151 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10848 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job