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Sep. 5, 2014, 12:56 PM
Sep. 5, 2014, 3:01 AM
- IntercontinentalExchange (NYSE:ICE) is the next on Wall Street to push back against Bloomberg’s dominance.
- Following the CME Group (NASDAQ:CME) which has invested in Wickr and Goldman's (NYSE:GS) Perzo investment, ICE is now expected to pay $350M for SuperDerivatives, a Tel-Aviv based business that provides data and analytics on OTC derivatives and contains a chat platform.
- The acquisition also includes the group’s DGX product, which allows traders to analyze theoretical trades before they execute them and grants access to live pricing and news.
Aug. 14, 2014, 12:58 PM
- IntercontinentalExchange (ICE +0.7%) took over administering Libor this year and on July 1 introduced licensing agreements, including a usage license ranging from $8K-$40K per year. Previously, Libor was free except for companies wanting to redistribute the rates.
- “There’ve been a number of banks saying they may stop using Libor,” says teh ABA's Denyette DePierro. “Everybody’s kind of waiting to see what ICE is going to do, and, from a cost-benefit perspective, do you continue with Libor or not?”
- The new fees could affect many of the nearly 7K banks and 800 firms managing registered investment funds in the U.S., but banks which contribute Libor rates to ICE - including JPMorgan, Bank of America, and Barclays - won't be charged.
- The Mortgage Bankers Association has let its concerns be heard, and ICE - while calling the fees "modest" says it's listening to a point. "There has been a lot of criticism by people that they wanted Libor to be better, but then when they’re asked to pay for it, they’re surprised. It shouldn’t be a surprise," says ICE chief Jeff Sprecher.
Aug. 7, 2014, 9:52 AM
- IntercontinentalExchange (NYSE:ICE) declares $0.65/share quarterly dividend, in line with previous.
- Forward yield 1.37%
- Payable Sept. 30; for shareholders of record Sept. 16; ex-div Sept. 12.
Aug. 7, 2014, 7:43 AM
- IntercontinentalExchange (NYSE:ICE): Q2 EPS of $2.10 beats by $0.06.
- Revenue of $1.01B (+171.8% Y/Y) beats by $233.1M.
Aug. 6, 2014, 5:30 PM
- AAON, AES, AFSI, AINV, AMCX, ATHM, AUXL, BCE, BDBD, BPI, BR, CBB, CCOI, CECE, CECO, CNQ, CQB, CRIS, CTB, DUK, EAT, FUR, FWLT, GBDC, GDP, GLP, GOLD, GTN, HAR, HII, HIMX, HRC, HSC, HSNI, HZNP, ICE, IDCC, IRC, KERX, LAMR, LEAF, LG, LINE, LMIA, LNCE, LPI, LQDT, LXP, LXRX, MFC, MMS, MNK, MONT, MPEL, MPW, MYL, NCT, NRF, NRG, NVO, NXST, NXTM, OGE, ONE, OWW, PBH, PHMD, POZN, PRIM, QIWI, RDN, RGLD, RSTI, RTK, SABR, SATS, SFUN, SGM, SNI, SPH, SRE, SRPT, SSYS, SUNE, TDC, TGH, THS, TICC, TK, TPH, VNDA, WEN, WIN, WMC, WWAV, ZEUS
Aug. 5, 2014, 1:25 PM
- More than 50% of U.K. gas trades and up to 91% of those in the Dutch market were handled in June by OTC brokers, according to Trayport data.
- “We know from our client base that there’s interest in clearing gas contracts in major hubs and the most actively traded at the moment are NBP (U.K.) and TTF (Netherlands),” says the CME's Martin Fraenkel in a Bloomberg interview. "There's client interest in having other clearing venues for those hubs and that’s why we prioritized them."
- CME last week agreed to buy Trayport parent GFI Group for $580M, pitting itself against IntercontinentalExchange (ICE -0.8%) which operates Europe's largest energy market.
Jul. 28, 2014, 3:06 PM
- "The maker fee is an incentive ... for people to provide liquidity into the market," says Nasdaq OMX (NASDAQ:NDAQ) CEO Robert Greifeld, speaking on the sidelines of a congressional-sponsored roundtable about equity market reforms. "To be rewarded for that in some way I think is fair and legitimate."
- However, he says, the $0.30 fee "was not designed by God," and notes it's been at that level for 10 years.
- The so-called "maker-taker" model is receiving heightened scrutiny following the Michael Lewis book which questioned the practice of paying brokers an an incentive to boost liquidity, and the major exchanges are competing with market-makers like KCG Holdings for order flow, perhaps enticing brokers to send orders to where they get paid the most, instead of where their customers get the best execution.
- ICE CEO Jeffrey Sprecher also advocated lower fees, but goes further in suggesting a ban on maker-taker pricing altogether.
Jun. 26, 2014, 1:08 PM
Jun. 24, 2014, 7:34 AM
Jun. 20, 2014, 6:55 AM
- Euronext shares started trading at €19.40 this morning, 3% below its IPO price. Concerns of the exchange's potential growth also caused stock trading volume to remain low.
- As reported yesterday, parent company Intercontinental Exchange (ICE) priced the stock at €20, and had sold all 42M shares in the spinoff company.
- Heavy competition has caused the market operator's revenue to decline in 2012 and 2013, although Euronext says it plans to return to revenue growth over the next three years.
Jun. 19, 2014, 2:49 PM
- IntercontinentalExchange (ICE -0.9%) sells 42.25M shares or 60.36% of Euronext which will begin trading tomorrow in Europe under the symbol "ENX"." The underwriters have an option to purchase another 4.2M shares.
- The pricing of €20 per share is a bit more than had been expected, and values the company at about €1.8B.
- The spinoff was required by regulators in exchange for them greenlighting ICE's purchase of NYSE Euronext.
Jun. 17, 2014, 12:41 PM
- "The market seems to have spoken," writes the team at MarketWatch blogging the hearing. "Translation: Not much appetite to dramatically change the rules."
- E*Trade (ETFC +6.5%), Schwab (SCHW +5.3%), Ameritade (AMTD +4.5%), Interactive Brokers (IBKR +2%).
- The stock exchange operators are performing as well: IntercontinentalExchange (ICE +0.9%), and Nasdaq OMX (NDAQ +1.1%).
Jun. 12, 2014, 3:42 AM
Jun. 10, 2014, 3:30 AM
- IntercontinentalExchange (ICE) has begun the IPO of its stock market operator Euronext, valuing it at up to €1.75B ($2.4B).
- ICE is selling a stake of as much as 60.15% of Euronext at €19-25 a share. Assuming exercise of an over-allotment option, the transaction will raise as much as €1.16B ($1.58B).
- The offer begins today and is scheduled to end June 18 for retail investors and June 19 for institutional investors. Trading is expected to start June 20.
Jun. 9, 2014, 10:20 AM
- CME Group plans to launch a London-based Cocoa contract within the next year, Tim Andriesen, the company's head of agricultural products, tells reporters, adding CME is also considering getting into European wheat futures.
- The move into cocoa will surely garner the attention of ICE, which dominates the $15B market.
- Previously: CME reportedly contemplating cocoa contract
Intercontinental Exchange Inc operates regulated marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes, including interest rates, equities, equity derivatives, credit derivatives, and bonds.
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