The NASDAQ OMX Group, Inc.

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  • May 16, 2014, 11:56 AM
    • Raymond James upgrades Bank of the Ozarks (OZRK -0.2%) to Outperform with $67 PT.
    • Home Bancshares (HOMB +1.8%) is boosted to a Buy at both KBW and Drexel Hamilton
    • Credit Suisse upgrades NASDAQ OMX (NDAQ -0.6%) to Buy with $42 PT.
    • Bank of America boosts Protective Life (PL +0.1%) to Buy and sets a $62 PT.
    • KBW upgrades Stonegate Mortgage (SGM +4.4%) to Outperform with $17 PT after the company reported earnings yesterday.
    • Bank of America downgrades Assurant (AIZ -1.3%) to Under Perform with a $73 PT.
    | May 16, 2014, 11:56 AM
  • May 13, 2014, 7:29 PM
    • U.S. exchanges are now unified in canceling some wild trades in (AOL -3.1%) in a two-minute span just 10 minutes before the close.
    • The odd trades, traced to a trading firm's mistake, also affected dealing in Nabors (NBR), Lorillard (LO -1.3%), Marathon Petroleum (MPC -0.3%), Canadian Natural Resources (CNQ +0.3%), Nasdaq OMX (NDAQ -0.9%) and Caterpillar (CAT +0.9%), among others -- but those trades will be left standing.
    • The NYSE will bust AOL trades of $33.17 or below, while Nasdaq, Direct Edge and NYSE Arca will cancel those at $33.16 and below.
    | May 13, 2014, 7:29 PM | 13 Comments
  • May 12, 2014, 3:43 AM
    • Nasdaq OMX (NDAQ) has appointed Carlyle (CG) CFO Adena Friedman as a co-President in a move that the WSJ reports makes her the leading candidate to replace Robert Greifeld as CEO of the exchange operator when he departs. Nasdaq has been working on a succession plan since last year.
    • Friedman, who will become President of Global Corporate & Information Technology solutions, returns to the exchange operator after leaving for Carlyle in 2011 following an initial 17-year stint at Nasdaq.
    • The company also named Hans-Ole Jochumsen as a co-president with Friedman. Jochumsen will head the firm's Global Trading & Market Services.
    | May 12, 2014, 3:43 AM
  • Apr. 25, 2014, 7:56 AM
    • Private equity firms have been aiming to reach a new group of investors, and KKR is making it happen, teaming with Nasdaq OMX (NDAQ) to form an exchange in which investors can sell a portion of their stakes in KKR buyout funds. KKR is likely to file regulatory paperwork as soon as this month, reports the WSJ.
    • The institutions and wealthy individuals who invest in P-E buyout funds (with minimums of millions of dollars required) typically must agree to have their money tied up for a decade or more, but this deal will allow them to sell smaller investors slices for as little as tens of thousands of dollars - the investors can cash out earlier than usual and the P-E firms get a far broader range of investors.
    • The already-public listings of P-E firms on major exchanges - with BX, CG, APO, FIG for instance, joining KKR - offer mom and pop investors shares in the parent companies rather than the individual buyout funds.
    • ETFs: PSP, PEX
    | Apr. 25, 2014, 7:56 AM
  • Apr. 24, 2014, 7:06 AM
    • NASDAQ (NDAQ): Q1 EPS of $0.72 beats by $0.01.
    • Revenue of $529M (+26.6% Y/Y) beats by $2.45M.
    | Apr. 24, 2014, 7:06 AM
  • Apr. 10, 2014, 1:09 PM
    • According to CNBC, the mutual fund giant is working with other investment firms to launch a new low-cost (and presumably HFT-free) stock trading alternative, with Chairman Ned Joshson said to be closely involved.
    • Among those looking on: KCG Holdings (KCG -2.6%), CBOE Holdings (CBOE -1.6%), IntercontinentalExchange (ICE -1.3%), Nasdaq OMX (NDAQ +1%), Schwab (SCHW -3.9%), E*Trade (ETFC -3.5%), TD Ameritrade (AMTD -1.6%).
    • Previously: "RBC nice" paying off
    | Apr. 10, 2014, 1:09 PM | 10 Comments
  • Apr. 9, 2014, 9:39 AM
    • Sitting nearly alone in the red among the brokerages and exchanges in early action is Nasdaq OMX (NDAQ -1.6%) after BAML removes its Buy rating on the stock.
    • Along with others in the sector, Nasdaq has had a rough few sessions amid raised HFT scrutiny thanks to the Michael Lewis book. Along with the cut in Nasdaq's rating, however, BAML boosted E*Trade and CBOE Holdings.
    | Apr. 9, 2014, 9:39 AM
  • Apr. 2, 2014, 10:22 AM
    • Nasdaq OMX (NDAQ +1.7%) and IntercontinentalExchange (ICE +1.4%) take back ground lost yesterday amid the media blitz for Michael Lewis' assault on high-frequency trading.
    • Was Lewis front-run? Barron's Steven Sears notes heavy put action in NDAQ ahead of Sunday's 60 Minutes interview with the author.
    | Apr. 2, 2014, 10:22 AM
  • Mar. 31, 2014, 5:57 PM
    • Weibo will trade on the Nasdaq (NDAQ) under the symbol WB. Its decision represents a needed win for the tech-heavy exchange, which lost Twitter to the NYSE last year and reportedly trails the Big Board in the battle to land Alibaba.
    • The Chinese microblogging leader, which some analysts think will fetch a $6B+ valuation, has also added Morgan Stanley and Piper to its underwriter list - they join Goldman and Credit Suisse.
    • Weibo's latest F-1
    | Mar. 31, 2014, 5:57 PM
  • Mar. 27, 2014, 9:15 AM
    • The NASDAQ OMX Group, Inc. (NDAQ) declares $0.15/share quarterly dividend, 15.0% increase from prior dividend of $0.13.
    • Forward yield 1.60%
    • Payable June 27; for shareholders of record June 13; ex-div June 10.
    | Mar. 27, 2014, 9:15 AM
  • Mar. 18, 2014, 1:03 PM
    • The listing - in which Alibaba is expected to raise up to $15B - is the largest ever for a Chinese company, and the NYSE (ICE -0.9%) is in the lead to win it, according to the Journal's sources. It would be another setback for the Nasdaq (NDAQ -3.6%) which has struggled to hold onto its reputation as the spot for tech issues following the bungling of the Facebook IPO in 2012.
    • The financial impact of the listing by itself is insignificant, says Richard Repetto, but bragging rights and momentum for future tech IPOs, and boosted trading revenue over time is.
    • In other news, NY AG Eric Schneiderman has reportedly launched a probe into whether stock exchanges give improper advantages to high-frequency traders. His staff has discussed concerns with execs at both Nasdaq and ICE and requested more information. Goldman reiterates its Sell rating on Nasdaq, seeing 17% downside amid this issue.
    | Mar. 18, 2014, 1:03 PM
  • Feb. 5, 2014, 7:17 AM
    • The NASDAQ OMX Group, Inc. (NDAQ) declares $0.13/share quarterly dividend, in line with previous.
    • Forward yield 1.38%
    • Payable March 28; for shareholders of record March 14; ex-div March 12.
    | Feb. 5, 2014, 7:17 AM
  • Feb. 5, 2014, 7:03 AM
    • The NASDAQ OMX Group, Inc. (NDAQ): Q4 EPS of $0.69 beats by $0.03.
    • Net Exchnage Revenue of $520M (+24.1% Y/Y) beats by $6.86M.
    | Feb. 5, 2014, 7:03 AM
  • Feb. 5, 2014, 12:05 AM
  • Feb. 4, 2014, 5:30 PM
  • Jan. 31, 2014, 12:30 PM
    • After confirming rumors in August by filing with the SEC, BATS Global and Direct Edge announced earlier today that the merger has been approved.
    • The combined exchange will be the 2nd largest market operator - behind the NYSE (NYX, ICE), and ahead of the Nasdaq (NDAQ).
    | Jan. 31, 2014, 12:30 PM
Company Description
NASDAQ Inc is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents.