The U.S. exchanges left out of this week’s flurry of announced acquisitions now need to consider whether they, too, should strike a deal, a CBOE Holdings Inc. executive said on Friday. Get the full story »
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CFO of CME Group still digesting merger news
CME Group Inc. is still digesting the news that Deutsche Boerse is in talks to buy NYSE Euronext, a top executive said, and it is unclear how difficult a deal it will be to complete. Get the full story »
CBOE Q4 profit up; merger threat downplayed
CBOE Holdings’ quarterly profit jumped more than expected, and CEO William Brodsky sought to assure investors that the operator of the oldest U.S. stock options market has the edge over rivals pairing up in mega-mergers.
The disclosure on Wednesday that Germany’s Deutsche Boerse AG was in advanced talks to buy NYSE Euronext to create the world’s largest financial exchange company sent shares of CBOE soaring on rekindled investor hopes that it would be a takeover target.
The announcement came on the heels of a tie-up between the London Stock Exchange Group Plc and Canadian stock market operator TMX Group Inc . Get the full story »
CBOE a top target in exchange merger mania
CBOE Holdings and Nasdaq OMX Group may scramble to find deal partners as global exchanges’ merger mania returns with a bang.
Germany’s Deutsche Boerse announced on Wednesday it was in advanced talks to buy NYSE Euronext, hours after the London Stock Exchange said it had agreed to buy Canadian stock market operator TMX.
The deals sent shares of exchanges up across the board as investors bet more is to come. Get the full story »
London, Toronto exchanges to merge
The London Stock Exchange and TMX Group, which operates the Toronto Stock Exchange, are merging. The LSE and TMX on Wednesday said they would combine in an all-share merger of equals, creating one of the world’s largest stock exchanges. Get the full story »
World stocks near 29-month high
World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest since May.
World equities as measured by the MSCI All-Country World Index advanced 0.2 percent after gaining 2.2 percent last week. The index is up 3.4 percent so far this year, while MSCI emerging markets index is down 2 percent.
Nasdaq network hit by hackers
The company that owns the Nasdaq Stock Market confirmed over the weekend that its computer network had been broken into, specifically a service that lets leaders of companies, including board members, securely share confidential documents.
The fact that the Web-based service, called Directors Desk, was penetrated could lend credence to one theory that law-enforcement authorities investigating the matter are considering, namely that hackers may be aiming to extract nonpublic inside information that could be used illegally to gain a trading edge. Get the full story »
CME to add 3rd year fed-funds futures contracts
CME Group Inc. said Thursday that it would launch federal-funds futures contracts extending three years in a move expanding investor options for assessing longer-term Federal Reserve interest rate policy.
The world’s largest futures exchange by trading volume said it would add the third-year contracts to its existing slate, with a planned Feb. 27 launch of monthly fed-funds futures for February 2013 through January 2014. Get the full story »
CME Group 4Q profit falls 3%
CME Group Inc., the world’s biggest futures exchange operator, said quarterly profit fell 3 percent, hurt by a one-time charge for state taxes. CME’s fourth-quarter net income fell to $196 million, or $2.93 a share, from $203 million, or $3.04 a share, a year earlier. Get the full story »
CME Group delays floor trading until 10 a.m.
The blizzard has delayed the opening of Chicago floor trading at the CME Group Inc. until 10 a.m., the exchange operator said, citing poor travel conditions. Get the full story »
CME Group trading volume up 10% in January
CME Group, the world’s leading and most diverse derivatives marketplace, said January volume averaged 12.3 million contracts per day, up 10 percent from January 2010. Total volume for January was 246 million contracts, of which a record 85 percent was traded electronically. Get the full story »
NYSE clearinghouse rival to CME wins approval
New York Portfolio Clearing, a start-up clearinghouse co-owned by NYSE Euronext, won regulatory approval to clear derivatives, paving the way for competition with futures exchange giant CME Group Inc.
NYPC, jointly owned by the Big Board’s parent and the Depository Trust and Clearing Corp, will clear interest rate futures offered by NYSE Euronext’s U.S. futures exchange, NYSE Liffe, a statement from the U.S. Commodity Futures Trading Commission said. Get the full story »
Natural gas futures trading halted on CME’s Nymex
Electronic trading in natural-gas futures and options on the New York Mercantile Exchange was halted for about a half hour Monday due to technical issues, CME Group Inc.
Electronic trading on the benchmark U.S. natural-gas contract was halted at 1:11 p.m. EST, said CME, which operates the Nymex. Trading on the exchange’s Globex electronic platform resumed at 1:45 p.m. EST following a 15-minute pre-open session, CME said. Get the full story »
Broker talks up CME Group head for Ill. governor
CME’s politically-minded chairman, Terry Duffy, might make a good Illinois governor, says Chicago futures broker and exchange-industry gadfly John Lothian. Sending Duffy to Springfield would give state businesses better representation and continue a long tradition of public service by Chicago’s exchange leadership, according to Lothian. Get the full story »
Stock futures flat on Egypt unrest
U.S. stocks were headed for a flat open Monday, as investors continued to worry about growing political unrest in Egypt.
Dow Jones industrial average, S&P 500 and Nasdaq futures were little changed before the opening bell. Futures measure current index values against perceived future performance. Get the full story »
