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NYSE Euronext posted a nearly quadrupled third-quarter profit on Friday as the newly merged transatlantic exchange operator benefited from record trading volumes during this summer's financial market turmoil.
The volatility in the stock market due to concerns on a slower economy and credit market risk is creating one clear winner: exchanges. We are seeing new highs for Nasdaq and are just off new highs on the Chicago Merc and Intercontinental Exchange; the New York Stock Exchange has gone from $70 to $90 (up 28%) in less than 2 months.
U.S. bourse operators, Nasdaq Stock Market and CME group both reported higher third-quarter profits on Wednesday.
Nordic stock exchange operator OMX said Wednesday its earnings rose 30 percent on growing trade revenue in the third quarter despite the uncertainty about the company's future ownership.
Investor, the investment group controlled by Sweden's Wallenberg family, said Thursday it swung to a loss in the third quarter and cited the recent market turbulence and credit crisis stemming from the U.S. subprime lending morass.
Nasdaq (NDAQ) shares have been breaking out amid its purchase of the Boston Exchange Tuesday and its deal for Nordic OMX last month. What’s the trade as NYSE, Nasdaq and Middle East money grapple for world exchange domination?
Nasdaq Stock Market said on Tuesday it had agreed to acquire the Boston Stock Exchange, including the Boston Equities Exchange, for about $61 million.
The London Stock Exchange Group completed a $2.3 billion acquisition of Borsa Italiana on Monday even as takeover talks swirled about the British exchange.
European stocks closed higher Thursday, with investors shrugging off a surprise drop in U.S. new home sales and weaker U.S. economic growth data.
Sweden's Financial Supervisory Authority (FI) said on Thursday U.S. exchange Nasdaq was qualified to be an owner of Nordic exchange firm OMX.
European stocks closed higher Wednesday as investors shrugged off a sharp drop in U.S. durable goods figures for August, and concerns over tightness in the credit market eased on news the Bank of England received no bids for its liquidity injection.
Nasdaq and Borse Dubai, aiming to muscle out potential rival bidders, boosted an offer for OMX to $4.9 billion on Wednesday and pushed close to a majority stake in the Nordic exchange group.
The London Stock Exchange said in a trading statement on Tuesday it would report very strong first-half results and was very close to completing its merger with Borsa Italiana.
Dubai has taken new steps toward becoming a true global financial powerhouse, buying 20% stakes in the Nasdaq and London Stock Exchange as higher oil has given the Gulf state even more money to invest. But why are exchanges so attractive to Middle East investors?
European stocks closed broadly lower Thursday as profit-taking set in and the financial sector took another hit.
Stock market operator Nasdaq and Borse Dubai joined forces on Thursday with a deal allowing Nasdaq to buy Nordic markets operator OMX and create "a global financial marketplace" which also sees Borse Dubai take key stakes in both the London Stock Exchange and Nasdaq.
Shares of the Nasdaq Stock Market were halted on Wednesday pending a news announcement.
Stocks closed with big gains as investors cheered the Fed's decision to cut interest rates deeper than expected. "The Fed gave us a little more than most of us had expected -- they are looking at the future and the U.S. economy is weakening -- I think that's why equities are responding to the upside," said Robert Doll, chief investment officer at BlackRock.
Nasdaq has weighed selling a piece of itself to an overseas investor to help it seal a deal to buy Nordic exchange operator OMX, the Wall Street Journal reported on its Web site on Tuesday, citing people familiar with the matter.
Qatar's state investment fund is close to buying Nasdaq's 31% stake in the London Stock Exchange Group, newspaper reports said on Sunday.