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NDAQ

The NASDAQ OMX Group, Inc.

5/23/2013, 4:52 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 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) Comment! [Financials, M&A]
Monday, May 13, 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. Comment! [M&A, Financials, Breaking News]
Wednesday, April 24, 9:38 AM NASDAQ OMX Group, Inc. (NDAQ) declares $0.13/share quarterly dividend, in line with previous. Forward yield 1.83%. For shareholders of record June 14. Payable June 28. Ex-div date June 12. (PR) Comment! [Dividends]
Wednesday, April 24, 7:56 AM More on Nasdaq OMX (NDAQ) Q1 earnings: The company plans to set aside $10M in anticipation of settling an investigation into its handling of the Facebook IPO. A penalty that high would be the most the SEC has ever fined an exchange and just the 2nd time a bourse has had a fine imposed. Execs had been hoping to limit the damage to $5M. The company earned $42M in Q1. Conference call at 9 ET (presentation slides) (PR) Comment! [Financials, Earnings]
Wednesday, April 24, 7:29 AM NASDAQ (NDAQ): Q1 EPS of $0.64 beats by $0.02. Revenue of $418M misses by $7.85M. (PR) Comment! [Earnings, Breaking News, Financials]
Wednesday, April 24, 12:05 AM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Tuesday, April 23, 5:30 PM Notable earnings before Wednesday’s open: ABB, ABX, ASH, ATI, AVY, BA, BYD, CFR, CKSW, COR, CP, CS, CVE, DPS, EDU, ELN, EMN, ERIC, F, FDML, GD, GLW, GRA, HCBK, HES, ICON, LAD, LL, LLY, LO, MDCO, MSI, MTH, NDAQ, NOC, NS, NVS, NYCB, OC, OCR, OSIS, PG, PLD, PX, RES, ROK, S, SO, SVU, TEL, TKR, TMO, TROW, TUP, USG, VLY, VMED, WAB, WHR, WLP, WM, WYN Comment! [Earnings]
Monday, April 8, 4:27 PM Citigroup (C) will file a compensation claim against Nasdaq OMX (NDAQ) seeking to recover some of the losses incurred in connection with the botched Facebook IPO. It is worth watching the situation closely as Citi joins UBS in criticizing Nasdaq's $62M settlement with the SEC for being inadequate — the Street lost around $500M on the deal. 3 Comments [Financials]
Tuesday, April 2, 9:31 AM Nasdaq OMX (NDAQ -7.2%) slides after last night's eSpeed acquisition announcement and subsequent credit rating downgrade. The sell side gives a thumbs down, with Goldman and Jefferies saying a slowdown in share repurchases could weigh on the stock, BMO proclaiming itself not sold on the deal, and Evercore downgrading to Hold. Comment! [Financials, On the Move]
Monday, April 1, 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. Comment! [Financials, M&A]
Monday, April 1, 4:22 PM Nasdaq OMX (NDAQ) will acquire eSpeed, an electronic trading platform for U.S. Treasuries from BGC Partners for $750M in cash. The purchase will be accretive to earnings within the first year after the transaction closes. The addition of eSpeed gives Nasdaq a "strong entry point in the electronic fixed income business" at a time when positive market trends should contribute to an increase in the daily trading volume of U.S. government bonds. Comment! [Tech, Financials]
Thursday, March 28, 11:06 AM CME Group and Nasdaq OMX (NDAQ) go after the HFT crowd, revealing plans for a wireless network to more quickly shuttle pricing information between Chicago and NYC. The plan is notable for the use of wireless technology as most firms still rely on slower, but more reliable and higher-capacity fiber-optic cable to speed orders along. Comment! [Financials]
Monday, March 25, 1:04 PM UBS wants Nasdaq OMX (NDAQ -0.3%) to cover all losses associated with Facebook's bumbled IPO. While Nasdaq and the SEC have agreed to a settlement under which a total of $62M will be spread between affected firms, UBS says the plan is "inadequate and insufficient." The bank wants full compensation in the amount of $350M and has filed an arbitration demand alleging "gross mishandling of the IPO." 1 Comment [Financials]
Friday, March 15, 8:05 AM Nasdaq OMX (NDAQ) is upgraded to Outperform with a targeted price range of $38-$42 from $28-$31, driven by a relatively strong EPS outlook, continued investor appreciation for non-trading businesses and multiple expansion which the firm thinks could accelerate if the ICE-NYSE merger is consummated. Comment! [Financials, Quick Ideas]
Tuesday, March 12, 4:34 PM Nasdaq OMX (NDAQ) seeks to boost its presence in the growing area of ETFs, planning a change in the structure of the PSX (a descendent of the Phila. Stock Exchange) to focus it on exchange-traded products. The move is a challenge to the NYSE (NYX) whose Arca exchange handled 20% of all ETP trading volume in 2012. Comment! [Financials]
Wednesday, March 6, 7:36 AM Nasdaq OMX (NDAQ) and SharesPost form a joint venture to create an exchange for private companies. The Nasdaq Private Market (NPM) will hopefully allowing better access to funding and trading of private shares without the hassles of going public. (PR) Comment! [Financials]

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