Thu, Nov. 24, 2:34 AM
- Nasdaq (NASDAQ:NDAQ) is looking to approve a new order type in the latest example of how the dynamics of speed are changing in the world's largest equity market.
- In a letter to the SEC, the exchange operator proposed a so-called extended life priority order attribute, which would give priority to retail orders seen by the whole market when traders agree not to cancel them for at least one second.
- Nasdaq said the order type would benefit long-term investors who may not be monitoring minute changes in market prices.
- Previously: Nasdaq plans new option to rival IEX (Aug. 15 2016)
Tue, Nov. 22, 1:03 PM
- In addition to the customary issues of taking on the CEO role at a sizable company, incoming Nasdaq (NASDAQ:NDAQ) boss Adena Friedman will have to deal the regulatory changes set to come about from a Trump administration.
- Source: Annie Massa at Bloomberg
- Trump's "go-to" man on financial regulation, former SEC commissioner Paul Atkins, wants current rules on equity trading overhauled, and has been a vocal critic of the regulation which brought forth the current era of all-electronic stock trading.
- There's also the planned departure of SEC Chair Mary Jo White, and Trump's promise to gut Dodd-Frank.
- Friedman reminds there's been plenty of regulatory change over the past seven years, and wouldn't be surprised to see it continue. And former Nasdaq exec John Jacobs says some of the regulatory reset - particularly as it pertains to freeing up banks to trade their own accounts - could be to the Nasdaq's benefit.
Mon, Nov. 14, 4:33 PM
- After 14 years as CEO of Nasdaq OMX (NASDAQ:NDAQ), Bob Greifeld will exit that role and move into the chairman's spot, effective Jan. 1. Current Chairman Borje Ekholm, who's hands are about to be full with his new job as CEO of Ericsson, will remain on the board.
- Replacing Greifeld as CEO will be COO Adena Friedman.
Wed, Nov. 2, 8:33 AM
- In what's likely to be the first deal involving banks outsourcing their technology to Nasdaq (NASDAQ:NDAQ), the exchange will begin operating most of Goldman Sachs' dark pool - known as Sigma X - beginning early in 2017.
- The deal, which still needs regulatory approval, was about a year in making, and it's final form differs from what Nasdaq CEO Bob Greifeld initially envisioned, according to the NYPost.
- Greifeld had hoped for Nasdaq to create a "centralized organization" to which banks could farm out their regulatory burden, but regulators told Greifeld and team they didn't want Nasdaq operating its own dark pool.
- Sigma X will, however, be outsourcing back-end technology, including compliance and surveillance tools, to Nasdaq's "Ocean."
Wed, Oct. 26, 7:11 AM
Wed, Oct. 26, 7:03 AM
Tue, Oct. 25, 5:30 PM
- AB, AGCO, AIT, ALLY, AOS, AVX, AVY, BA, BCO, BEN, BIIB, BOKF, BSX, CFR, CG, CMCSA, DTE, ENTG, EVR, EXAS, FDML, FLIR, GD, GNRC, GRA, GRMN, GRUB, HBAN, HES, HLT, IR, KO, LEA, LH, LRN, LUV, MDCO, MDLZ, MKTX, MMYT, NAP, NDAQ, NEO, NOC, NSC, NYCB, OC, PAG, PB, POL, RES, ROL, SAIA, SIX, SLAB, SLGN, SMED, SONS, SPG, STRA, STT, UCBI, VG, VLY, VNTV, WEC, WM, WOOF, WYN
Tue, Oct. 11, 9:28 AM
- U.S. equity options contracts recorded volume of 123M in Sept. vs. 114M in August.
- Europe options and futures contracts recorded volume of 7.6M in Sept. vs. 5.8M in August. Sept.
- U.S. Cash equity volume of 25,553M shares vs. 23,395 in August.
- Sept. European cash equity shares traded of $64B vs. $61B in August.
- Sept. U.S. Fixed income volume of $1,612B vs. 1,598B in August.
- Sept. European fixed income volume of 2.0M contracts vs. 1.7M in August.
- 3Q16 U.S. equity options contract 347M; market share of 39.2%; revenue capture per contract $0.17.
- 3Q16 Europe options and futures contracts volume of 19.2M; revenue capture per contract $0.47.
- 3Q16 U.S. Cash equity volume of 70,994M shares; market share 16.8%; revenue per 1000 share $0.49.
- 3Q16 European cash equity shares traded of $180B; market share 62.4%; revenue capture per 1000 traded $0.12.
- Press Release
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.
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, Jul. 27, 8:58 AM
- Q2 net income of $153M or $0.91 per share vs. $143M and $0.83 one year ago.
- Revenues of $559M were up 8% Y/Y, helped mostly by acquisitions, but organic growth contributed about one-third of the increase.
- $16M spent on buybacks during quarter, with 256K shares purchased at an average price of $62.27. Another $8M has been spent thus far in Q3. Nearly $500M remains in buyback program.
- Previously: NASDAQ beats by $0.03, beats on revenue (July 27)
- NDAQ +2.2% premarket
Wed, Jul. 27, 7:19 AM
Wed, Jul. 27, 7:05 AM
Tue, Jul. 26, 5:30 PM
- ANGI, ANTM, ARMH, AUO, AVX, BA, BAH, BOKF, CFR, CG, CMCSA, CRCM, CRI, DCIX, DHX, DPS, DX, DXYN, ENTG, ETM, EVR, FCAU, FCF, FDML, FLIR, FSV, GCI, GD, GIB, GIL, GLW, GRMN, GT, HES, HLT, HUN, I, IMS, IR, KO, LH, LL, LVLT, MDCO, MDLZ, MHO, MMYT, MO, NDAQ, NEE, NOC, NSC, NYCB, OC, PB, POL, Q, R, RES, ROK, ROL, RTIX, SALT, SEIC, SIX, SLAB, SLGN, SNAK, SO, SONS, SPG, STM, STRA, STT, SUP, SVU, TMUS, TPH, TYPE, UCBI, UFS, UMC, VLY, WCIC, WEC, WEX, WIX, WM, WOOF, WYN
Mon, Jul. 11, 10:24 PM
- U.S. equity options contracts recorded volume of 81M in June vs. 66M in May.
- Europe options and futures contracts recorded volume of 12.8M in June vs. 7.5M in May.
- June U.S. Cash equity volume of 29,468M shares vs. 25,826 in May.
- June European cash equity shares traded of $73B vs. 63 in May.
- June U.S. Fixed income volume of $1,969B vs. 1,627B in May.
- June European fixed income volume of 1.8M contracts vs. 1.7M in May.
- 2Q16 U.S. equity options contract 221M; market share of 24.5%; revenue capture per contract $0.16.
- 2Q16 Europe options and futures contracts volume of 27.2M; revenue capture per contract $0.35.
- 2Q16 U.S. Cash equity volume of 80,585M shares; market share 17.4%; revenue per 1000 share $0.48.
- 2Q16 European cash equity shares traded of $205B; market share 63.6%; revenue capture per 1000 traded $0.11.
- Press Release
Sat, Jun. 18, 7:40 AM
- The nod from the SEC means the "Flash Boys" will be able to challenge the NYSE (NYSE:ICE), Nasdaq (NASDAQ:NDAQ), and Bats Global (BATS:BATS) as this country's 13th national stock exchange.
- IEX's "speed bump" delays orders by an infinitesimal amount, but it's enough to protect investors from high-frequency trading which can front-run slower orders on the other exchanges. Opponents of IEX like hedge fund manager and electronic market-market Citadel say the delays create stale prices and the opportunity for manipulation.
- The approval by the SEC had been expected after a report earlier this week that agency staff had recommended such.