Ampio Pharmaceuticals (AMPE) receives authorization from NYSE Euronext (NYX) to transfer its listing from Nasdaq (NDAQ). Ampio's shares will trade on the NYSE under its existing ticker symbol starting in a week on Monday. (PR)
Euronext (NYX) exchanges in France, Belgium, Portugal and the Netherlands have opened after trading was delayed because of technical problems. European indices diverge from U.S. and Asian markets, and are mostly higher ahead of policy decisions at the BOE and ECB. EU Stoxx 50 +0.2%, London +0.2%, Paris +0.2%, Frankfurt +0.2%, Madrid +0.6%, Milan -0.2%.
A preliminary tally shows NYSE Euronext (NYX) shareholders have approved IntercontinentalExchange's (ICE) $8.2B takeover, reports NYSE. ICE owners have overwhelmingly approved the deal. It was 2 years ago, NYSE shareholders approved the sale to Deutsche Boerse, but regulators had different ideas.
InterContinentalExchange (ICE) formally applies for EU regulatory approval for its NYSE Euronext (NYX) purchase. It was 15 months ago Deutsche Boerse's buy of NYX was denied, but ICE feels it won a victory last month when the EU said it would rule on the purchase, as opposed to each of the state regulators having a say.
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.
More on NYSE Euronext's (NYX) Q1: Results reflect "improved trading volumes in [the] European derivatives franchise." The company says "disciplined cost and capital management drove a rebound in earnings both Y/Y and Q/Q." Plan 14 cost savings through Q1 total $147M, meaning NYX has recognized 59% of the $250M in savings targeted by 2014. (PR)
The merger bid between IntercontinentalExchange (ICE) and NYSE Euronext (NYX) gets a boost as the European Commission signals its intention to review the deal. The exchanges had hoped for this as opposed to individual EU states - seen as more likely to oppose the merger - taking their shots.
The French government wants banks to pony up to be core shareholders in Euronext's (NYX) European exchange should it be spun off as part of the ICE merger. The banks - already dealing with a barrage of taxes and regulations - want no part of it at the moment, and a recent meeting with the Treasury over the matter had to be cancelled.
IntercontinentalExchange (ICE) revises the structure of its merger with NYSE Euronext (NYX) to please regulators, forming a new holding company - ICE Group - to house the two units. Upon closure, the ICE Group will be listed on the NYSE and trade under the current ICE symbol.
Regulators are looking into whether high-frequency traders routinely distort stock and futures markets by engaging in illegal "wash trades" - those in which the same party acts as buyer and seller in the same transaction. Of concern are the operations at the CME and ICE which regulators feel aren't sophisticated enough to flag the trades.
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.
NYSE Euronext (NYX) puts its 4.79% stake in India's MCX on the block, hoping to raise about $45M. The move is part of a broader plan to sell noncore assets in the wake of the failed Deutsche Boerse merger, and to ease regulatory concerns regarding the ICE merger.
NYSE Euronext, a Delaware corporation, was organized on May 22, 2006 in anticipation of the combination of the businesses of NYSE Group, Inc., a Delaware corporation, and Euronext N.V., a company organized under the laws of the Netherlands. The combination was consummated on April 4, 2007. NYSE...More