EXCHANGE NEWSWIRE, 20 July 2010
BMV 2Q10 EPS reached P$0.25 (+19% Y/Y; flat Q/Q), 1c above consensus’ estimate, on revenues of P$459 mn (+27% Y/Y; +9% Q/Q) and expenses of P$277 mn (+22% Y/Y; +6.2% M/M).
LaBranche lost $0.33 per share in 2Q10 compared with net earnings of $0.13 per share a year ago. The negative results are primarily attributable to losses in the equity options market-making division. LaBranche said that “the market structure changes are having an increasingly greater impact on its business model.” Net revenues were a negative -4.7 mn, compared to +39.4 mn for 2Q09.
MarketAxess was awarded “Best e-trading platform for corporate bonds and CDS” by Risk.net
DB1: ISE launched the Do Not Route order type, allowing customers to cancel their option orders instead of having them routed to another exchange if ISE is out of the NBBO.
CBOE is developing a new skew index based on S&P 500 index options that will allow investors to hedge or take speculative positions on the perception of “tail” –extreme- events.
SMX launched Euro-dollar FX futures for the Asian time-zone.
OSE extended trading hours in its evening session until 11:30 p.m. beginning July 20.
TSE will start calculating and publishing the TOPIX Dividend Index and TOPIX Core30 Dividend Index on July 22.
The Dubai International Financial Centre Authority plans to launch a second tier market for growth companies similar to LSE’s AIM.
Dubai Gold & Commodities Exchange (DGCX) approved OMNESYS Technologies as an Independent Software Vendor.
MICEX: NASDAQ OMX will provide market data audit services to MICEX.
The European Commodity Clearing (ECC) started offering clearing services for Power Spot Market transactions on the Hungarian Power Exchange (HUPX).
State Street reported 2Q10 EPS of $0.87 (+10% Y/Y) on revenues of $2.3bn (+9% Y/Y) and expenses of $1.9bn (+43% Y/Y).
A consortium of dealers is preparing to launch Javelin, an electronic swap execution facility which already cleared its first swap with IDCG last Friday.
ITG hired two partners from White Cap Trading. Jamie Selway will join as a managing director in ITG’s New York office, while Bill D’Arbanville and Jamie Petraglia will join the New York trading desk. Jamie Love will be part of the Boston trading desk.
NYX: euNetworks was named as connectivity supplier to NYX’s STI Access Centres, giving clients access to the new NYSE Euronext European Liquidity Centre.
Hewitt Associates will acquire Ennis Knupp & Associates for an undisclosed amount. Ennis Knup had $950 bn in AUM at the end of June.
Alliance Bernstein plans to launch active ETFs within six to 12 months according to an SEC filing. The company filed to launch actively managed equity and fixed income ETFs.
Aviva Investors plans to launch its first mutual fund in the US: the Aviva Investors MAP 2015, planned to debut on August 30. SEI Investments will act as distributor.
TD Ameritrade fiscal 3Q10 EPS remained flat Y/Y at $0.30, on net revenues of $692 mn (+13% Y/Y) and expenses of $403 mn (+21% Y/Y). Net new assets increased +29% Y/Y to $8.9 bn during the quarter.
TD Ameritrade June DARTs declined -30% M/M (-0.5% Y/Y) to 337k. July to date DARTs are -2.7% M/M to 328k. Client assets declined -2.6% M/M (+26.5% Y/Y) to $324 bn.
Charles Schwab sold $600 mn of 10-year notes with yield of 150 bps above similar-maturity Treasuries.
ICE was upgraded to "Outperform" from "Market Perform" at BMO Capital. Target price was maintained at $125.
CESR launched two consultations papers: “Standardization and exchange trading of OTC derivatives; Transaction Reporting on OTC Derivatives” and “Extension of the Scope of Transaction Reporting Obligations”. A public hearing will take place on August 11.
Provided By: Equity Research Desk, www.erdesk.com