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The NASDAQ OMX Group, Inc. (NDAQ)

  • Mon, Jan. 5, 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.
    • Source: Press Release
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  • Mon, Jan. 5, 2:50 AM
    • Pushing further into indexing and the growing market for exchange traded funds, Nasdaq (NASDAQ:NDAQ) has purchased U.S. index provider and analytics group Dorsey Wright for $225M.
    • As exchange profits from traditional stock trading remain under pressure, funds have been moving from active investment management to more passive strategies, such as ETFs.
    • As a result, exchanges have been boosting ties to index providers as licensing of data offers new sources of growth.
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  • Nov. 18, 2013, 4:35 PM
    • Nasdaq OMX (NDAQ) is among three exchanges - Deutshce Boerse (DBOEY) and the London Stock Exchange (LDNXF) being the others - considering a bid for Euronext, the European exchanges set to be spun off by InterContinentalExchange (ICE) following its purchase of NYSE Euronext, reports the WSJ.
    • The report quickly adds none of the thee are believed to have yet hired bankers to assist and the current plan is for Euronext to be spun off in a Paris IPO in 2014.
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  • Oct. 21, 2013, 2:35 PM
    • In a move that could pave the way for a U.S. IPO, Alibaba has received approval from the NYSE (NYX, ICE) and Nasdaq (NDAQ) to maintain management/founder control of its board, should it list on one of the exchanges. Hong Kong's unwillingness to agree to the same had led the Chinese e-commerce giant to pursue a U.S. listing.
    • Alibaba, whose Q2 numbers were released last week by 24% shareholder Yahoo (YHOO +1.8%), will likely have a $100B+ IPO valuation, given the current multiples being assigned to U.S. and Chinese Internet names. That means its offering could exceed Facebook's in size, and will easily dwarf Twitter's.
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  • Sep. 20, 2013, 4:03 AM
    • With Nasdaq's (NDAQ) stock price cheap vs its peers and amid sector consolidation, the bourse operator is reportedly considering splitting itself up or merging with the London Stock Exchange (LDNXF.PK) or the Singapore Exchange (SPXCF.PK).
    • The company has also begun planning for the succession of CEO Robert Greifeld, even though he has no plans to leave at the moment and he has the backing of the board.
    • The top candidates to replace Greifeld include: LSE chief Xavier Rolet, who would become the head of any combined company if his firm were to buy the U.S. exchange; former Nasdaq CFO Adena Friedman; Magnus Bocker, the CEO of the Singapore Exchange; Craig Donohue, the former head of CME Group, Tom Kloet, the boss of Canada's TMX Group (TMXXF.OB); and ex-Nasdaq executive Chris Concannon. The top internal candidate is Eric Noll, who manages the firm's execution services.
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  • Aug. 25, 2013, 2:45 AM
    • BATS Global Markets (BATS) is reportedly in advanced negotiations to merge with Direct Edge Holdings in an all-stock deal that would create the second-largest exchange operator in the U.S. in terms of shares traded, putting it behind the NYSE (NYX) but ahead of Nasdaq (NDAQ).
    • BATS CEO Joseph Ratterman is expected to become the head of the new firm, while Direct Edge boss William O'Brien would become president. The companies plan to continue operating all four of their U.S. stock-exchange platforms after the merger.
    • Both firms are profitable, with BATS earning EBITDA of $101M in 2012.
    • Direct Edge's owners include KCG Holdings (KCG), Goldman Sachs (GS), Citadel and the International Securities Exchange. Those of BATS include KCG also, as well as Bank of America (BAC), Citigroup (C), Credit Suisse (CS), Deutsche Bank (DB), JPMorgan (JPM) and Morgan Stanley (MS).
  • May. 20, 2013, 7:11 AM
    BGC Partners (BGCP) announces regulatory approval for the sale of its eSpeed Treasury trading platform to Nasdaq OMX (NDAQ). The deal is a combination of cash and stock that could total up to $1.234B. (PR)
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  • May. 13, 2013, 3:51 AM
    Peter Randall, former CEO of Chi-X Europe, is putting together a private-equity-led consortium to bid for the Euronext group of exchanges, sources say. IntercontinentalExchange (ICE) has said it would spin off the Euronext group as part of its $10.1B takeover of NYSE Euronext (NYX). Any bid is likely to face competition from NASDAQ OMX (NDAQ), Deutsche Boerse (DBOEY.PK, DBOEF.PK), and Six Group.
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  • Apr. 1, 2013, 5:23 PM
    Moody's places the senior rating of Nasdaq OMX (NDAQ) on review for a possible downgrade following NDAQ's announcement that it will acquire the eSpeed trading platform from BGC Partners (BGCP) for $750M in cash plus stock expected to be delivered over the next 15 years.
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  • Feb. 19, 2013, 8:37 AM
    Nasdaq OMX's (NDAQ) current cheap valuation in relation to peers may have to do with investor perception it's just a stock exchange. This leaves out derivatives, market data, issuer services, technology, and broker services. A sum-of-the-parts analysis puts the stock's valuation at $54 (currently $31), while BMO conservatively pegs takeout value at $38.
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  • Feb. 12, 2013, 3:28 AM
    With NYSE Euronext getting hitched to ICE, Nasdaq (NDAQ) has been exploring its own options. Not only has the exchange held unsuccessful talks with private-equity firm Carlyle (CAG) about a buyout, it has held discussions with two other P-E companies as well, and with CME (CME) about partnerships around technology and indexes, but not more than that.
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  • Feb. 11, 2013, 12:23 PM
    Nasdaq OMX (NDAQ +4.2%) pops after Charlie Gasparino reports the firm had recent discussions with Carlyle Group (CG) about a going-private deal. One source says no talks are currently underway and the earlier talks were strictly preliminary, with price being the main sticking point (it usually is).
  • Jan. 24, 2013, 5:27 AM
    NYSE Euronext (NYX) doesn't intend to sell Euronext and will instead continue with its plan to spin off of the unit as part of Big Board's $8.2B acquisition by IntercontinentalExchange (ICE), NYSE CEO Duncan Niederauer has said. NYSE has reportedly received interest for Euronext, which could be valued at an estimated $1.39B in an IPO, from Nasdaq OMX (NDAQ) and the London Stock Exchange Group.
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  • Dec. 19, 2012, 7:23 PM
    IntercontinentalExchange (ICE) is back in talks with NYSE Euronext (NYX) and could announce a full takeover of the Big Board as soon as tomorrow, multiple sources are reporting. ICE (worth about $9.3B) was part of a combined bid with Nasdaq OMX (NDAQ) for NYX (worth about $5.8B) last year that came apart under antitrust scrutiny; this deal would likely be a mix of stock and cash. NYX +12.3% AH; ICE +2.9%.
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  • Dec. 12, 2012, 8:37 AM
    Nasdaq OMX (NDAQ) agrees to buy Thomson Reuters' (TRI) Investor Relations, Public Relations, and Multimedia Solutions businesses for $390M in cash. Is Reuters raising cash to make a run at the Financial Times (PSO)? (PR)
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  • Feb. 1, 2012, 3:19 PM
    Analysts shed few tears over NYSE Euronext's (NYX -0.4%) failed merger with Deutsche Boerse (DBOEY.PK). UBS believes NYX shares could enjoy a short-term lift with investors coming off the sidelines as deal uncertainty ends. CLSA thinks it "may be for the best, [seeing] upside from less exposure to Europe and a potential transaction tax." NDAQ +0.2%, CME +2.1%, ICE +0.5%.
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Company Description
NASDAQ OMX Group, a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across six continents.