EXCHANGE NEWSWIRE, 30 April 2010
ICE agreed to acquire CLE for £395m ($604m) in cash, or GBp750 per share, implying a 56.9% premium to the 29-April closing price (GBp478). ICE expects the deal to be slightly dilutive to earnings in 2010 and accretive in 2011.
NASDAQ OMX 1Q10 non-GAAP EPS declined -10% Y/Y to $0.43 mn, 3 cents below consensus estimates. Net revenues were down -3% Y/Y to $360 mn, below consensus estimates of $374 mn. Market services revenues were flat sequentially and down 8% Y/Y to $241. Technology revenues declined 23% sequentially to $34 mn. Operating costs were flat on a constant currency basis at $201 mn.
Equiduct is in exclusive talks with NASDAQ OMX to offer NEURO's 40 institutional clients the option to migrate to the Equiduct platform at no cost. CEO Peter Randal said "this will be a further accelerant for us. The assets of a platform are the connections to its clients."
GFI non-GAAP 1Q10 EPS was $0.12, up 1 cent from a year ago. Revenues increased 2% Y/Y to $220 mn, due to higher financial and commodities brokerage offsetting lower equities and credit revenues.
BATS Options added options on further 500 underlying securities. Full rollout will be completed by May 17.
BOX will relocate its options trading platform to an Equinix’s data center on May 10. This will bring response times of less than one ms, a speed of a million quotes per second, and a capacity of 100k orders per second and allocation of 5k messages for every logical connection.
ICAP: TriOptima posted the first public reports for the OTC derivatives interest rate swap market on the Global OTC Derivatives Interest Rate Trade Reporting Repository webpage. Interest rate derivative total notional amounts outstanding in G-14 institutions reached $448.7 tn with interest rate swaps the largest component at $322.2 tn.
Turquoise non-display mid-point book surpassed €200 million for the first time on Wednesday.
NYX declared a quarterly cash dividend of $0.30 per share for 2Q10, payable June 30 to shareholders of record on June 15.
ICE: YellowJacket expanded to equity options markets on its IM platform after completing a beta test.
BMV: Grupo Comercial Chedraui’s MXN4.6 bn ($374.7 mn) IPO was the exchange first in 22 months.
NSE: the SEBI put on hold its decision to approve the launch of futures and options on gold ETFs at NSE.
LME will merge its existing Mediteranean and Far Eastern Steel Billet contracts to create a global Steel Billet contract, starting July 28.
DB1: STOXX was named "The Most Innovative ETF Index Provider for Europe" by Exchangetradedfunds.com.
Redecard reported 1Q10 net income of R$352.3 mn (+11% y/y) on an increase in credit and debit-card valur transactions of 25% y/y and 20% y/y respectively.
Morningstar CEO Joe Mansueto said his company is “also seeing more acquisition opportunities globally”.
TD Ameritrade’s Chairman, Joseph Moglia, said that the company’s market share grew after competitors reduced commissions in a CNBC interview. And added “it’s not a matter of a dollar cheaper or dollar richer, it’s really a matter of what you get for your money.”
US Senate Agriculture Committee Chairman’s proposal to treat index options contract as swaps and extend the oversight of the CFTC has been withdrawn at the Senate.
CFTC fined Morgan Staney and Moore Capital with $39 mn for allegedly breaching rules in the precious metals and oil markets.
The FIA set recommendations for exchange networks for managing risks related to DMA. Recommendations include execution risk tools, post trade checks, co-location policies, certification testing and error trade policy.
Provided By: Equity Research Desk, www.erdesk.com