Net income attributable to CME dropped to $291.7 million, or 86 cents per share, in the fourth quarter ended Dec. 31, from $306.5 million, or 91 cents per share, a year earlier, as average daily volumes fell 11 percent. Excluding items, the company earned 92 cents per share, topping analysts' expectations for 90 cents. CME, which owns the Chicago Board of Trade and Chicago...» Read More
Nov 16- Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for $650 million in stock. ICE said the deal would help it to provide new services to the European over-the-counter energy markets, including power, natural gas and coal.
NEW YORK, Nov 13- IEX Group's application to become a U.S. stock exchange does not meet industry standards and regulators should not approve the upstart trading venue's request, which lacks key details on how it's so-called' speed bump' would operate, the New York Stock Exchange has said of its rival. It aims to launch as such early next year, and would compete against...
CHICAGO, Nov 5- CME Group Inc will consult lawyers on why a jury this week convicted a high-frequency trader in the first U.S. prosecution of the manipulative strategy called spoofing, Executive Chairman Terry Duffy said on Thursday. Spoofing occurs when traders place orders in markets without intending to execute them, as part of a scheme to create the illusion...
Oct 28- Intercontinental Exchange Inc, the owner of the New York Stock Exchange, reported a 49 percent jump in quarterly profit on Wednesday, helped by higher revenue from trading and listing fees and cost cuts. Net income attributable to ICE rose to $306 million, or $2.76 per share in the third quarter ended Sept. 30, from $206 million, or $1.80 per share a year earlier.
Oct 26- Intercontinental Exchange Inc said on Monday it would buy financial data firm Interactive Data Corp from investment firms Silver Lake and Warburg Pincus LLC in a deal valued at about $5.2 billion. ICE said the deal, which includes $3.65 billion in cash and $1.55 billion in ICE stock, will help build on ICE's market data business by adding technology...
Oct 26- Intercontinental Exchange Inc said on Monday it would buy financial data firm Interactive Data Corp from investment firms Silver Lake and Warburg Pincus LLC in a deal valued at about $5.2 billion. The deal, which includes $3.65 billion in cash and $1.55 billion in ICE stock, will help build on ICE's market data business by adding technology platforms and...
Oct 26- Intercontinental Exchange Inc said on Monday it would buy financial data firm Interactive Data Corp from investment firms Silver Lake and Warburg Pincus LLC in a deal valued at about $5.2 billion.
Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
NYSE Euronext and CME Group, the two US exchange groups, have submitted bids for the London Metal Exchange, valuing it at up to £1 billion and kicking off a contest for the commodities business, according to people familiar with the matter. The FT reports.
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.
Crude raced higher Tuesday as energy bulls pushed Nymex oil back toward the $100-a-barrel mark, prices last seen before world governments said they would release crude from their reserves last month.
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.
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.
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.
Low market volumes and stiff competition have led to a sharp fall in “high-frequency” trading as industry experts warn that the past two years of rapid growth may be coming to a halt, reports the Financial Times.
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.
Budget deal accepted, NYSE bid rejected and British banks relocated? Here's what we're watching…
The somewhat improbable, though long-awaited bid from Nasdaq and ICE came Friday with the desired effect. It sent shares of the NYSE up sharply (not to mention shares of the Nasdaq) and has changed the dynamic. Anyone expecting a swift resolution of this contest, however, is likely to be disappointed.
Three days after they unveiled their deal to merge, there are no shortage of conversations taking place amongst competitors of the NYSE Euronext/Deutsche Boerse about whether such a deal can be broken up through a higher bid for the NYSE.