At the World Economic Forum, Joachim Faber, chairman at Deutsche Börse Group says that having too low a volatility in the markets for too long was not a sustainable option.
"We like the standalone strategy and I think we felt we had a once in an industry opportunity to do a game changer," says Duncan Niederauer, NYSE Euronext CEO, who adds they are disappointed but not surprised about the merger falling through. The blocked merger is a missed opportunity for Europe and investors around the world he says; with Jan-Michiel Hessels, NYSE Euronext chairman, who adds the deal would accelerate the execution of the NYSE Euronext strategy, but the company is in good shape.
European competition officials have recommended blocking the tie-up between Deutsche Börse and NYSE Euronext, the German and U.S. exchange operators, setting in motion three weeks of frantic lobbying to salvage the deal.
Mario Draghi holds a presser with the Brits. I mentioned yesterday that much of the 489 billion euros ($640 billion) that banks borrowed from the European Central Bank will go to paying off prior, shorter-term loans from the central bank. What's next from Mr. Draghi and the ECB?
High-frequency trading should not be broadly categorized as one strategy, Dick Grasso, the former chairman and CEO of the New York Stock Exchange, told CNBC Monday.
Robert Greifeld, CEO of Nasdaq OMX Group, said he had no regrets over the company's failed attempt to buy NYSE Euronext .
"The management of NYSE Euronext recognized they needed to further penetrate the derivatives business. The Euronext part of Deutsche Boerse gives them a very important penetration in the European derivatives business," former NYSE CEO Dick Grasso said.
“It was black and white. There was nothing we could do to get the deal done.” Those words from an architect of Nasdaq OMX Group and IntercontinentalExchange's unsolicited bid for the NYSE Euronext after a meeting between the management of those companies and the DOJ’s anti-trust division confirmed what many had believed on the day the bid was announced (April Fool’s Day).
Jimmy Dunne, senior managing principal of Sandler O'Neill, favors NYSE Euronext's merger with Deutsche Boerse over the hostile offer made by Nasdaq and ICE, he told CNBC Thursday.
Stocks closed at new highs for yet another session despite mixed economic news and a varied batch of earnings reports, putting all three major indices on track for the best April since 2009.
Stocks continued to gain before the market closed Thursday although many tech stocks slipped after mixed earnings reports and ahead of Microsoft's results, which will be released later today.
Stocks traded mixed after news that pending home sales rose 5.1 percent, and a slew of companies delivered a mixed batch of earnings, a day after the market hit record multi-year highs across-the-board.
Stock index futures fell slightly ahead of the open on Wall Street Thursday after news that the economy slowed in the first quarter, and jobless claims rose more than expected.
Two-plus months into the war waged over the New York Stock Exchange, and the participants are gearing up for a key battle: what to call it.
NYSE Euronext Chairman Duncan Niderauer again blasted Nasdaq's and Intercontinental Exchange's newest offer for the stock exchange company Wednesday.
Nasdaq OMX Group has said it would consider selling NYSE Euronext’s American Stock Exchange division if it would help smooth its acquisition of the NYSE Euronext, the Wall Street Journal reported, citing people familiar with the matter.
It was a major blow for the Singapore Stock Exchange. Its courtship for its Australian counterpart, the Australian Stock Exchange, came to an abrupt end when the Australian government rejected the deal last week saying it was not in Australia's national interests. SGX was left standing alone at the altar.
While the battle over the NYSE rages and we wait for a response from that exchange to the proposed $42.50 dual stock and cash bid from Nasdaq and Ice, it’s worth mentioning that among the most likely outcomes here is that the NYSE doesn’t get bought at all.
Stocks closed mixed Monday with tech stocks lower after the market traded within a narrow range during much of a quiet session with the market at or near highs for the year. Johnson & Johnson led the Dow higher, while HP fell.
Stocks gained moderate strength in the final hour of trading Monday, although largely remained within a narrow range, amid another quiet trading session with the market at or near highs for the year. Johnson & Johnson and Wal-Mart gained, while HP fell.