Today, 7:11 AM
Today, 7:03 AM
Yesterday, 5:30 PM
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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
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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.
Tue, Jun. 14, 2:27 PM
- The SEC staff has recommended the agency approve IEX Group's bid to launch a new stock exchange, according to the WSJ. The agency's commissioners will vote on the matter on Friday, and while they aren't required to support the staff's views, it's rare when a formal recommendation is rejected.
- Were the "Flash Boys'" to win approval, it would be the first major new stock exchange in the U.S. since a number of other venues were greenlighted in 2010 - they're now owned by BATS Global (BATS -0.5%).
- IEX's angle, of course, is its "speed bump" which the company says will protect investors from the abuses of high-frequency trading.
- In addition to BATS, IEX is also a challenge to the NYSE (ICE -0.6%) and Nasdaq (NDAQ).
Wed, Apr. 27, 11:10 AM
- Q1 EPS of $0.91 +14% Y/Y. GAAP Diluted EPS of $0.78.
- Net revenue of $534M up 5% Y/Y.
- Market Services revenue (38% of total) of $201M up from $188M a year ago.
- Derivatives revenue (9% of total) of $48M up $2M Y/Y due to higher U.S. industry trading volumes and average net capture, partially offset by lower U.S. market share.
- Cash equities revenue (13% of total) of $70M up $11M Y/Y due to higher U.S. cash equity average capture and higher industry volumes.
- Access and Broker Services revenue (12% of total) of $63M up $4M Y/Y.
- Information Services revenue (25% of total) of $133M up from $125M.
- Non-GAAP Operating expenses of $280M up 3% Y/Y due to higher organic spend and acquisitions.
- The company revised operating expenses to $1.18B-$1.23B from $1.11B-$1.16B to reflect acquisition made in 1Q16 and pending acquisition of Boardvantage, expected to close in 2Q16.
- The company raised dividend by 28% to $0.32 and repurchased $29M of common stock. Dividend and buybacks totaled $70M in 1Q16. The board authorized additional $370M to repurchase, bringing total value under authorization to $500M.
- NDAQ -0.8%. Prior: NASDAQ beats by $0.02, misses on revenue
Wed, Apr. 27, 7:03 AM
- NASDAQ (NASDAQ:NDAQ): Q1 EPS of $0.91 beats by $0.02.
- Revenue of $534M (+5.3% Y/Y) misses by $1.92M.
Tue, Apr. 26, 5:30 PM
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