EXCHANGE NEWSWIRE, 04 August 2010
ICE reported 2Q10 EPS of $1.36 (+40% Y/Y) and adjusted EPS of $1.51 (+34% Y/Y); on revenues of $296 mn (+18% Y/Y) and expenses of $188 mn (+2% Y/Y). ICE anticipates the CLE acquisition to have an immaterial impact to earnings in 2H10 and FY11, excluding acquisition and one-time expenses.
NYX CEO Duncan Niederauer said the launch of interest rate derivatives will likely be delayed until January 2011 because regulators have to approve first NYX’s plans for a new clearinghouse.
NYX: Rosenblatt Securities selected NYSE Technologies’ SuperFeed market data product for its global data feed service.
NASDAQ OMX head of US options Thomas Wittman said PHLX could increase the number of options names under a maker-taker pricing scheme to 100.
CBOE’s Board of Directors declared a quarterly cash dividend of $0.10 per share payable on September 24, 2010 to stockholders of record on September 3, 2010.
BMV CEO, Luis Tellez, indicated that the exchange expects as many as nine IPOs through the end of 2011.
OSE’s president, Michio Yoneda, indicated the exchange will offer a Jasdaq Securities Exchange based ETF this year and Jasdaq futures trading within three years.
NZX announced the implementation of the Aggregate Trading Fee Cap started on August 1. Under the Aggregate Trading Fee Cap, NZX trading participants will pay the lesser of their trading fees as calculated either under NZX’s Participant Pricing Schedule, or that specific firm’s trading fee cap. The cap in the first year for a specific trading participant will be based on their average trading fees paid from 2007 to 2009. “The new fee structure will bring much needed simplicity to our equity markets, and it will enable NZX trading participants to try new ways to grow liquidity,” NZX Head of Markets Fiona Mackenzie commented.
MasterCard was ordered to stop charging debit-acquirer fees in Switzerland by the Swiss competition authority.
BGC Partners 2Q10 GAAP EPS declined -7.4% Y/Y to $0.09 on revenues of $335.7 mn (+14.9%). Pre-tax distributable earnings totaled $46.5 mn (+44.7% Y/Y). Management also provided a $295-$315 mn 3Q10 revenue guidance.
TD Ameritrade: The Pennsylvania Securities Commission's filed a civil complaint against the broker alleging that TD Ameritrade and Amerivest Investment Management told investors, that the Reserve Yield Plus Fund was a money-market fund in spite of actually being a cash-enhanced mutual fund.
Invesco was downgraded to "Neutral" from "Buy" at Sterne, Agee & Leach. Target price was maintained at $22.
The SEC sent a letter to the ICI calling on funds to improve transparency in the disclosure of derivative transactions. "In determining the appropriate disclosure, a fund should consider the degree of economic exposure the derivatives create, in addition to the amount invested in the derivatives strategy. This disclosure also should describe the purpose that the derivatives are intended to serve in the portfolio (e.g., hedging, speculation, or as a substitute for investing in conventional securities), and the extent to which derivatives are expected to be used," the letter said
The CFTC will examine a recent recommendation by ICE to replace the New Orleans delivery point for its cotton futures contract with a new location at Dallas-Fort Worth.
SEBI allowed the trading of European FX options on Indian exchanges.
Provided By: Equity Research Desk, www.erdesk.com