Market Currents

• Tuesday, August 19, 2008

• 06:29 AM Nymex Holdings (NMX) shareholders approve the CME Group's (CME) $8.3B takeover bid. The combined company will guarantee around 98% of exchange-listed futures traded in the U.S. CME shares +1.0%, NMX shares +1.7%. Comment!

• Thursday, July 31, 2008

• 10:43 AM Nymex (NMX) boosts its market share in WTI oil futures to 73%, calling one of the few derivatives duopolies (ICE) into question. Comment!
• 08:03 AM Nymex (NMX): Q2 EPS of $0.83 beats by $0.02. Revenue of $211M (+28.9%) vs. $206M. [PR] Comment!
• 00:10 AM Notable earnings before Thursday's open II: K, KSU, LIZ, MA, MBI, MO, MOT, MRO, NMX, NWL, OCR, PH, PTEN, RDS.A, SFI, SIRI, SPR, TE, TEF, TSCM, TSM, TYC, WYN, XEL, XOM Comment!

• Tuesday, July 15, 2008

• 15:12 PM 100% probability Congress will pass new legislation aimed at limiting energy market speculation. - Nymex (NMX) CEO Jim Newsome Comment!

• Wednesday, July 2, 2008

• 09:45 AM Nymex (NMX) to raise oil futures margins by about 6%. OPEC repeats its claim that speculators are driving high oil prices. Crude -0.1% to $140.83. Comment!

• Monday, June 23, 2008

• 08:10 AM CME (CME) is up 2.5% after announcing a $1.1B buyback. CME may be looking to boost its share price, thereby enhancing its bid for Nymex (NMX), which some NMX shareholders are trying to derail. Comment!

• Friday, June 20, 2008

• 12:43 PM A short, contentious meeting between Nymex's (NMX) board and shareholders who want to torpedo CME's (CME) $9B bid went nowhere. Comment!

• Tuesday, June 17, 2008

• 07:56 AM The DoJ approved CME Group's (CME +3.9%) proposed merger with Nymex (NMX +1.6%). 75% of Nymex shareholders must still ok the $9B deal, and there is substantial opposition. Comment!

• Wednesday, June 11, 2008

• 12:01 PM CME (CME) does not boost its bid for Nymex (NMX). Shareholders say good luck. Comment!

• Monday, June 2, 2008

• 11:15 AM CME (CME) -4.3% on speculation its bid for Nymex (NMX) will fall through. Comment!