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NYSE Euronext, the world's largest stock exchange, said Thursday that second-quarter profit more than doubled as the European exchanges contributed to earnings for the first time.
U.S. market regulators charged failed hedge fund Amaranth Advisors and its former head trader, Brian Hunter, with trying to manipulate natural gas futures prices.
Holders of Alcan call options are happy today, especially those who picked up "out-of-the-money" Alcan calls.
Stocks closed with losses of more than 1% after investors were spooked by earnings warnings from two major retailers amid persistent concerns regarding the housing market and subprime mortgages. "Home Depot's cautious comments set the negative tone," said Dan McMahon, head of listed trading at CIBC World Markets.
CBOT Holdings, the parent of the Chicago Board of Trade, will merge its trading platforms with those of the Chicago Mercantile Exchange in the first quarter of next year in an attempt to cut costs, CBOT Chairman Charles Carey told CNBC Tuesday.
Stocks ended higher on Monday, but gains were held in check as investors awaited the start of the second-quarter earnings season. "We're getting into earnings season, and what we've seen so far is good, so we think there is going to be an upward bias," said Joe Ranieri, head of NASDAQ trading at Canaccord Adams. "It's good but scary."
Shareholders of CBOT Holdings have approved the company's purchase by Chicago Mercantile Exchange Holdings, CME's executive chairman Terry Duffy said Monday.
The IntercontinentalExchange may still raise its bid for the Chicago Board of Trade, even at the risk of overpaying, after rival suitor Chicago Mercantile Exchange Holdings sought to deliver a knockout blow.
Chicago Mercantile Exchange Holdings increased its bid for CBOT Holdings for the third time in an effort to secure a winning vote Monday for the deal from shareholders of the Chicago Board of Trade parent.
Chicago Mercantile Exchange Holdings on Friday sent a letter to shareholders and members of the Chicago Board of Trade urging them to accept its bid for the CBOT Holdings.
Rival bidders for CBOT Holdings, the second-biggest U.S. futures market, are each considering raising their offers a third time, according to a report by Bloomberg.
The battle for the No. 2 U.S. futures exchange rages on, with Chicago Mercantile ExchangeHoldings beefing up terms of its offer for CBOT Holdings for the second time in a month.
Stocks rallied across the board and the Dow put in its best one-day performance of the year following strong economic data and a decline in bond yields. "The market has been oversold and people were focusing on rates but then the market started looking a little cheaper and we had buyers come in today," said Todd Leone, head of listed trading at Cowen and Co.
IntercontinentalExchange on Tuesday made a sweetened merger proposal for CBOT Holdings continuing the saga for control of the parent of the No. 2 U.S. futures exchange.
The U.S. Department of Justice on Monday gave the regulatory green light for the two largest U.S. futures exchanges to merge, saying the proposed combination probably would not hurt competition.
Futures traders in London using the IntercontinentalExchange (ICE) trading system experienced technical problems amidst a day of disruptions for the investment tool, ICE users told Dow Jones Tuesday.
The head of the Chicago Mercantile Exchange voiced confidence that the company will prevail over a rival bidder in efforts to buy the Chicago Board of Trade, predicting approval from both federal regulators and CBOT shareholders in the coming weeks.
IntercontinentalExchange, on Thursday took its unsolicited takeover proposal for the Chicago Board of Trade directly to members of the CBOT, urging them to support ICE's bid over that of the Chicago Mercantile Exchange.
IntercontinentalExchange said it had enhanced its bid for CBOT Holdings by reaching an agreement that might resolve that company's dispute with the Chicago Board Options Exchange.
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