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Stock Market & Financial Investment News

News Breaks
March 24, 2014
07:49 EDTICENYFIX founders look to enhance bid for certain NYSE assets
The press has reported that Intercontinental Exchange Group recently hired investment bank Evercore Partners to sell certain technology and business assets operated by NYSE Technologies. A significant component of the NYSE Technologies portfolio up for divesture is the “NYFIX Marketplace” or “NYFIX Network.” Today NYFIX’s founders and the management team that successfully grew and operated these assets for 15 years ending in 2006, announced their interest in potentially teaming with one of the bidders for these assets. The founding NYFIX management team includes Peter Kilbinger Hansen, NYFIX CEO and Chairman from 1991 to 2006; Lars Kragh, NYFIX co-founder and CIO from 1991 to 2006, who developed of all of NYFIX’s principal technologies; Keith Jamaitis, NYFIX’s COO and President until 2006; and several other former NYFIX leaders. "While committed to continue to support our current business interests, we can add specific strategic value, and help mitigate risks in the transition process, and offer specific subject matter expertise and tenured experience available to management to add leverage to candidates considering the acquisition of one or more of the NYFIX-related NYSE Technologies assets."
News For ICE From The Last 14 Days
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October 13, 2014
07:42 EDTICENYSE gets SEC approval for proposed rule changes
The New York Stock Exchange, on October 9, got final SEC approval for a rule change to amend its Rule 13 to allow an Add Liquidity Only modifier for day limit orders and to allow the day time-in-force condition and ALO modifier for Intermarket Sweep Orders. Analysts say the change allows the exchange to potentially gain ground on rivals that have long had the same deal, according to the New York Post, which quoted Haim Bodek as saying, “This is basically a blessing for exchanges to continue volume growth by accommodating HFT strategies and introducing asymmetry in the marketplace." Reference Link
October 7, 2014
10:02 EDTICEOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
06:11 EDTICEIntercontinentalExchange upgraded to Buy from Neutral at Citigroup
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