Jun. 26, 2015, 5:37 PM
Jun. 7, 2015, 6:40 PM
- Early Bitcoin (COIN, OTCQB:BTCS) backer Overstock (NASDAQ:OSTK) has circulated a proposal among hedge funds, P-E firms, and other potential investors to sell a $25M private bond using the blockchain, the distributed public ledger that underpins Bitcoin and other cryptocurencies.
- Overstock CEO Patrick Byrne asserts in the proposal he "believes that cryptotechnology can do for the capital market what the internet has done for consumers." He adds Overstock might issue a bond worth less than $25M just to make one available.
- The effort comes a month after Nasdaq OMX (NASDAQ:NDAQ) announced it plans to use the blockchain to "expand and enhance the equity management capabilities offered by its Nasdaq Private Market platform." Among other things, the Nasdaq claims using the blockchain's distributed ledger will "provide extensive integrity, audit ability, governance and transfer of ownership capabilities."
- Two months before that, Reuters reported IBM has held informal talks with central banks about launching a digital cash/payment system that relies on the blockchain to enable transactions for existing currencies, while removing the need for a bank or payment processor to clear them (and collect transaction fees along the way).
Apr. 23, 2015, 1:23 PM
- Non-GAAP diluted EPS of $0.80 up 2.6% from a year ago.
- $30M shares repurchased during the quarter, totaling $208M during the last four quarters. The board hiked its quarterly dividend by 67% to $0.25.
- Market Services revenue (37% of total) of $188M down from $208M a year ago.
- Derivatives revenue (9% of total) of $46M down $10M Y/Y driven by lower average net capture and industry volumes in U.S. options.
- Cash equities revenue (11% of total) of $59M up $2M Y/Y due to higher U.S. cash equity average capture and European industry volumes.
- Access and Broker Services revenue (12% of total) of $59M down $1M Y/Y.
- Information Services revenue (25% of total) of $125M up from $123M.
- Non-GAAP Operating expense guidance lowered to $1.085B-$1.11B from $1.12B-$1.15B due to restructuring program and forex.
- NDAQ +1.8%.
- Previously: NASDAQ beats by $0.02, misses on revenue
Apr. 23, 2015, 7:41 AM
- NASDAQ (NASDAQ:NDAQ) declares $0.25/share quarterly dividend, 66.7% increase from prior dividend of $0.15.
- Forward yield 2.05%
- Payable June 26; for shareholders of record June 12; ex-div June 10.
Apr. 23, 2015, 7:08 AM
- NASDAQ (NASDAQ:NDAQ): Q1 EPS of $0.80 beats by $0.02.
- Revenue of $507M (-4.2% Y/Y) misses by $9.59M.
Apr. 14, 2015, 7:15 PM
- Goldman Sachs offers three criteria on how to pick stocks to short: Look for individual stocks with high valuations that have a tendency to underperform; take hints from mutual funds as they do a good job of selecting shorts; and look for stocks that are likely to move on company-specific factors and are less prone to moving with general market and sector trends.
- Among the overvalued stocks Goldman thinks could drop are CELG, ORLY and RHT; stocks underweight by mutual funds that could fall are HST, CTL and EQR; and likely to deviate from the broad market and their sectors are KLAC, JEC and COH.
- Rounding out Goldman's 19 stock recommendations that could reward short sellers: ARG, DO, DISCA, FLS, KSS, MOS, NDAQ, NVDA, TDC, WU.
Apr. 8, 2015, 8:22 AM| Apr. 8, 2015, 8:22 AM
Mar. 26, 2015, 6:53 AM
Mar. 24, 2015, 4:02 AM
- Nasdaq OMX (NASDAQ:NDAQ) has agreed to provide New York-based startup Noble Markets with its X-stream trading system (used by more than 30 exchanges and marketplaces worldwide) to power a marketplace for trading Bitcoins (COIN, OTCQB:BTCS) and related digital-currency assets, WSJ reports.
- The agreement follows other Wall Street initiatives that could pave the way for financial institutions to own and trade digital currencies, including the NYSE's recent investment in Bitcoin exchange Coinbase.
Mar. 11, 2015, 4:02 PM
- Nasdaq OMX (NASDAQ:NDAQ) has secured support from the likes of ABN AMRO, Advantage Futures, Goldman Sachs, JPMorgan, Morgan Stanley, and Virtu Financial.
- "Our strategy is always to meet demand where competition is lacking, and our global benchmark product suite will provide commodity market participants across the planet with a new solution to meet their trading and hedging needs," says President Hans-Ole Jochumsen.
- Nasdaq Futures is expected to launch mid-2015, pending regulatory approval.
Jan. 29, 2015, 7:22 AM
- NASDAQ (NASDAQ:NDAQ) declares $0.15/share quarterly dividend, in line with previous.
- Forward yield 1.33%
- Payable March 27; for shareholders of record March 13; ex-div March 11.
Jan. 29, 2015, 7:16 AM
- NASDAQ (NASDAQ:NDAQ): Q4 EPS of $0.75 beats by $0.01.
- Revenue of $517M (-0.6% Y/Y) misses by $4.32M.
Jan. 28, 2015, 5:30 PM
- ABT, AIT, ALLY, ALV, ALXN, APD, BABA, BAX, BC, BEAV, BMS, BX, CAH, CAM, CELG, CHKP, CL, CLFD, CMS, COH, COP, CRR, CSH, DGX, DHX, DOW, DST, EMC, EPD, F, GLOP, HAE, HAR, HGG, HOG, HP, HSY, HUB.B, ITG, IVZ, JBLU, KELYA, KEM, KMT, LLL, LRN, LSTR, MD, MJN, MMYT, MTH, NDAQ, NOC, NOK, NYCB, OSTK, OXY, PENN, PHM, POT, PSX, PSXP, RCI, RCL, RDS.A, RGLD, RGS, RTN, RYL, SHW, SILC, SWK, SXC, TCB, TDY, TKR, TMO, TWC, UBSI, VIAB, VLO, VLY, VRTS, WCC, WILN, WRLD, XEL, ZMH
Jan. 19, 2015, 2:22 AM
- As Japan’s exchange operators look to attract more foreign investors and integrate existing exchanges, Japan Exchange Group (OTC:JPXGY) has signed a deal with Nasdaq (NASDAQ:NDAQ) for a new trading platform that will begin operations this year.
- The platform will provide real-time market surveillance and pre-trade risk-management technology for the group’s derivatives bourse, the Osaka Exchange.
Jan. 12, 2015, 2:38 AM
- Nasdaq OMX (NASDAQ:NDAQ) has approached several big banks with a proposal to take over their dark pools, and plans to seek regulatory permission to do so, WSJ reports.
- Despite coming under increased scrutiny, dark pools have seen a jump in trading volume as brokers seek to avoid high fees on traditional exchanges.
- Nasdaq CEO Robert Greifeld says the new initiative is in response to the needs of the company’s customers and not a strategic change.
- Three largest dark pool operators in the U.S.: UBS (NYSE:OUBS), Credit Suisse (NYSE:CS) and Deutsche Bank (NYSE:DB).
Jan. 5, 2015, 8:15 AM
- Dorsey, Wright & Associates is a market leader in data analytics, passive indexing and smart beta strategies, says Nasdaq (NASDAQ:NDAQ). The deal is expected to close in Q1. The purchase price is $225M.
- The combined group will bring together DWA's 17 ETFs and Nasdaq's 69 licenses smart-beta ETFs focused mostly on dividend and income strategies, and Nasdaq Global Indexes will have nearly $45B in assets benchmarked to its family of Smart Beta indexes, and more than $105B to all Nasdaq indexes.
Nasdaq, Inc. is a holding company. It delivers trading, clearing, exchange technology, regulatory, securities listing and public company services across six continents. The company's global offerings include trading and clearing house across multiple asset classes, market data products,... More
Industry: Diversified Investments
Country: United States
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