Intercontinental Exchange, Inc.NYSE
Yesterday, 8:18 AM
- UBS analyst Alex Kramm says strong post-election volumes will be good for all exchanges, but CME Group and CBOE Holdings (NASDAQ:CBOE) are best-positioned thanks to their particularly large exposure to boosted trading activity.
- They should also be the biggest beneficiaries of tax reform, he says.
- He lifts Q4 EPS estimates for the whole complex, and sees 33% upside to CME's 2017 EPS if tax rates get cut.
- New price targets: CME $136 from $112 (14% upside from last night's close); CBOE $73 from $62 (inline with last night's close); ICE $66 from $63 (7.5% upside); Nasdaq (NASDAQ:NDAQ) $82 from $78 (23% upside).
- Source: Bloomberg
Thu, Nov. 17, 1:42 PM
- Source: Bloomberg
- The affected contracts include Three-Month Euribor futures, Long Gilt futures, and five others.
- ICE says it's investigating the issue. Shares are higher by 1.05% on the session.
Tue, Nov. 1, 5:34 PM| Tue, Nov. 1, 5:34 PM
Tue, Nov. 1, 7:37 AM
Tue, Nov. 1, 7:31 AM
Mon, Oct. 31, 5:30 PM
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Mon, Oct. 17, 8:43 AM
- To review, ICE purchased Trayport from BGC Partners late last year for $650M, keeping it out of the hands of competitor CME Group.
- The U.K.'s Competition and Market Authority (CMA) says Trayport's technology underpins about 85% of European utilities trading and ICE's ownership of it could lead to increased fees. "The only effective way to preserve competition is to require ICE to sell Trayport,” says the CMA.
- "ICE is disappointed by the decision, having presented a compelling clearance case, and will now consider its options including the possibility of an appeal,” says a company spokesman.
Wed, Oct. 12, 1:45 PM
- Intercontinental Exchange (NYSE:ICE) announced that its board, through a designated dividend committee, declared a five-for-one stock split of ICE’s common stock in the form of a stock dividend.
- Stockholders of record as of the close of market on Oct. 27, will receive four additional shares for each share of ICE common stock held on such record date. The new shares will be payable on November 3, 2016.
- ICE’s common stock is expected to begin trading on a split-adjusted basis on November 4, 2016.
- Previously: IntercontinentalExchange declares $0.85 dividend (Aug. 3)
Wed, Oct. 5, 10:54 AM
Wed, Sep. 21, 3:57 AM
- IEX Group is actively courting companies to list their stocks on its exchange, challenging the New York Stock Exchange (NYSE:ICE) and Nasdaq (NASDAQ:NDAQ) for corporate listings.
- "Flash Boys" will offer significant incentives to its initial founding issuers and plans to begin listing companies in 2017, according to a letter obtained by Reuters, which did not go into more detail.
Wed, Sep. 14, 9:03 AM
Mon, Sep. 12, 3:53 AM
- The New York Stock Exchange (NYSE:ICE) is instituting new procedures today that would eliminate "Rule 48," which allows market makers to delay opening a stock when markets are volatile.
- Under the changes, pre-open price indications will be simplified and adjust for market volatility. Values will also be published on both proprietary and other feeds under all market conditions.
Mon, Aug. 15, 9:37 AM
- Nasdaq (NDAQ -0.1%) is planning a new trading option for investors to rival IEX Group, the startup that won regulatory approval in June to launch a market with a "speed bump," which makes it harder for high-speed traders to withdraw their price quotes.
- The exchange plans to seek SEC approval for a new function known as an "extended life" order type, which would move ahead of other similarly priced orders if they agree not to cancel them for approximately one second.
- Executives at Intercontinental Exchange (ICE +0.2%) are also considering how to tweak their market to respond to IEX, which begins trading as an exchange on Aug. 19.
Wed, Aug. 3, 7:50 AM
- IntercontinentalExchange (NYSE:ICE) declares $0.85/share quarterly dividend, in line with previous.
- Forward yield 1.29%
- Payable Sept. 30; for shareholders of record Sept. 16; ex-div Sept. 14.
- Additionally, Board authorized $1B for future stock repurchases and approved 5-for-1 stock split of common stock that will be distributed in the form of a four share stock dividend per share.
Wed, Aug. 3, 7:32 AM
Tue, Aug. 2, 5:30 PM
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