EXCHANGE NEWSWIRE, 04 May 2010

NYX pro-forma 1Q10 EPS rose 26% Y/Y to $0.54, in-line with consensus estimates. Net revenue rose 7% Y/Y to $645 mn, driven by 44% higher derivatives revenues and 58% higher technology revenues. Cash trading and listing revenues declined 18% Y/Y to $312 mn. Costs were up 1% Y/Y to $427 mn. The BoD declared a quarterly dividend of $0.30 per share. NYX announced it sold its 5% stake in NSE to Temasek for $175 mn, which will be used to pay down debt.

FINRA agreed to assume the responsibility of performing the market surveillance and enforcement functions of NYSE Regulation starting next month.

Euroclear commissioned a study by Oxera that shows that, because of higher trading fees, the cost of trading on the LSE is four times that of rivals Chi-X and BATS.

LSE: Turquoise announced a free ultra fast link between LSE's data centre and Turquoise's trading system is available for clients with hosted systems in LSE’s co-location facilities. Turquoise will also update its matching engine to increase capacity and reduce latency to less than one millisecond.

DB1: ISE will introduce ISE Order Feed, which notifies subscribers when a new order is placed on ISE's order book, and it shows the size of the individual orders that comprise the Best Bid and Offer (BBO) on the exchange.

BATS Options expects to achieve a 3% to 5% market share in US options.

LCH.Clearnet is expanding trading hours as seeks to attract more business in the US.

CME: Green Exchange appointed Les Male as Managing Director as Head of its new EU-UK Office, and Henrik Hasselknippe as Managing Director, Global Product Development. Les was previously Commercial Director at APX-ENDEX and Henrik served as Global Head of Carbon Analysis with Point Carbon Trading Analytics & Research in Oslo.

CME selected Xignite’s OnDemand platform to support OTC market data products and services.

NASDAQ OMX Commodities is now connected with Orc Software, through Nord Pool.

TMX CEO, Tom Kloet, said "TMX Group believes that additional regulation of short sales in Canada is not warranted ... In our view, adopting the recently-amended US rules around short sales would add unnecessary costs to the industry without resulting in a corresponding benefit to investors."

BM&FBOVESPA set another record in its derivatives segment with 107,466 trades and 5 mn contracts.

ELX April 2010 ADV reached 61,000 contracts, its highest since launch; and a daily volume record of 95k on April 27. Market share for the month was 2.8% and its Eurodollar Futures contract will be launched on June 18.

The Istanbul Stock Exchange (ISE) launched the TSKB Energy Index that tracks ISE-traded companies with a minimum of 40% revenues from the energy sector.

Euroclear appointed Karim Ben Rais as Managing Director and head of Single Platform Modules division. Mr. Ben Rais was previously an independent consultant and before that he was Managing Partner of Accenture Insurance Services.

Vanguard reduced brokerage fees to $7 per trade and will offer commission-free trading in 46 proprietary ETFs.

IDC will be acquired Silver Lake and Warburg Pincus for $3.4 bn or $33.86 per share, a 1.2% premium over Monday’s closing price of $33.47.

Calastone introduced reconciliation functionality to the Execution Management System (EMS) of its mutual fund transaction network.

Orc Software announced a new release of Orc Spreader, a server-based, arbitrage-style trading product designed for low latency and high frequency trading.

MasterCard reported 1Q10 EPS of $3.46 on net revenues of $1.3 bn (+13.1% Y/Y). Gross dollar volume increased +8.3% Y/Y on local currency basis to $631 bn and processed transactions increased +4.6% Y/Y to $5.4 bn.

AB reported 1Q10 earnings per unit of $0.50 (-26% Q/Q; +557% Y/Y) on net revenues of $725 mn (-7% Q/Q; +21% Y/Y). AUM increased 1% Q/Q (+22% Y/Y) to $501.3 bn on net outflows of -$6.4 bn. The board declard a distribution of $0.46 per unit payable on May 27 to holders of record on May 13.

Och-Ziff reported a 1Q10 net loss of $88.6 mn or -$1.07 per share on revenues of $109 mn (+12% Y/Y). AUM increased +8% Q/Q (+16% Y/Y) to 25.3 bn and reached $26.0 bn at the end of April with net inflows of $1.6 bn YTD.

IVZ: Invesco Mortgage completed its public offering of 9 mn shares of common stock for gross proceeds of $186.75 mn. IVR expects to use the net proceeds to make additional acquisitions of residential and commercial MBS and mortgage loans, on a leveraged basis, and for other general corporate purposes.

Charles Schwab will liquidate its Laudus Rosemberg family of funds (four funds in total) sub-advised by Axa Rosenberg on July 30.

Interactive Brokers April cleared DARTs increased +13.5% M/M (+6.8% Y/Y) to 344k, client accounts increased +1.7% M/M (+21% Y/Y) to 142k and customer equity increased +1.8% M/M to $17.0 bn (+65% Y/Y).

TradeStation April DARTs increased +11% M/M (-22.5% Y/Y). Client assets increased +2.8% M/M (+22% Y/Y) to $2.2 bn and margin balances remained steady M/M (+81% Y/Y).

U.S. Senate: Democrats will introduce three amendments to the financial overhaul bill according to Senator Dick Durbin, one of them would give retailers “some flexibility” in choosing credit cards.

The European Union might propose measures to limit positions and cap the size speculative trades in OTC derivatives.

The US Senate will begin voting today the reform bill on OTC derivatives.

Provided By: Equity Research Desk, www.erdesk.com