NYSE Euronext’s speedy rejection of a bid from Nasdaq OMX Group Inc and IntercontinentalExchange Inc could play into their hands, a veteran of the last bidding war for a U.S. exchange said. Get the full story »
Inside these posts: Stock exchange mergers
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Nasdaq, ICE to continue offer for NYSE
Nasdaq and Intercontinentalexchange Inc will continue to press management of rival exchange NYSE to accept their takeover offer, ICE CEO Jeffrey Sprecher said on Tuesday. Get the full story »
NYSE unswayed by Nasdaq bid
NYSE Euronext believes that any kind of merger with Nasdaq OMX — whether the Big Board were the buyer or the seller — makes little strategic sense, and antitrust regulators would block it, according to a source close to the company.
BATS to list public shares, challenging NYSE
BATS Global Markets plans to list U.S. public stocks by year end, opening the door for companies to float shares somewhere other than the Big Board or Nasdaq for the first time in years. Get the full story »
CME to offer margining plan for rates, Treasuries
CME Group Inc. on Monday unveiled a cross-margining plan that would help customers trading both interest rate and Treasury futures, as the world’s largest derivatives exchange prepares for more competition.
The move by the Chicago Mercantile Exchange parent to create a new clearing membership class comes weeks before rival NYSE Euronext is expected to launch a similar cross-margining platform. Get the full story »
CBOE shares up; analyst calls Nasdaq likely suitor
CBOE Holdings Inc. shares jumped Friday after a Credit Suisse analyst called the U.S. options market operator a takeout candidate and fingered Nasdaq OMX Group as its most likely suitor.
“We believe a NDAQ-CBOE combination would have strong strategic merits for both companies,” Howard Chen wrote in a note to clients devoted to an analysis of such a takeover, although no such deal has been announced. Chen raised his rating on the operator of the Chicago Board Options Exchange to “outperform.” Get the full story »
CBOE’s Brodsky says niche is not only option
CBOE Holdings Inc.’s focus on equity derivatives has kept it competitive against larger rivals, but remaining a niche player “may not be the only way that we will succeed,” CEO William Brodsky told Reuters in an interview on Wednesday.
Germany’s Deutsche Boerse AG agreed last week to buy NYSE Euronext in a $10.2 billion deal, the biggest tie-up in a recent wave of global mergers that has also brought together the operators of the Toronto and London exchanges and the Australian and Singapore exchanges.
The deals have sparked speculation over what exchange could be the next takeover target. Get the full story »
Merger wave only just begun, says LSE head
The recent wave of exchange mergers marks an era of consolidation that will leave no more than four global trading firms in five years’ time, said Xavier Rolet, the chief executive of the London Stock Exchange. Get the full story »
Nasdaq, ICE talks reportedly heating up
Nasdaq OMX Group and IntercontinentalExchange Inc. could possibly strike a partnership and talks between the U.S.-based exchange operators are at a “critical stage,” Fox Business Network reported Thursday. Get the full story »
