Europex enters into application of MiFID II / MiFIR
Jeff Sprecher, CEO and chairman of ICE, has been an outspoken critic of MiFID II and open access, beliving the rules will stifle competition and favour only the incumbent clearing houses .
The bulk of new funds came via iShares, which brought in $245 billion in 2017. Earnings on an adjusted basis were $1.02 billion, or $6.24 a share, up 20% from $852 million, or $5.14 a share for the same period. Excluding that benefit, earnings amounted to $6.24 a share, beating the consensus analyst estimate of $6.01.
BlackRock's board approved a 15% rise in the quarterly dividend to $2.88 a share.
For Q4, total net inflows at the asset manager were $103bn taking total assets under management at 31 December 2017 to $6.3trn, a 22 per cent increase on the $5.1trn assets under management at the end of 2016.