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Stock Market & Financial Investment News

News Breaks
May 5, 2014
08:31 EDTICEIntercontinentalExchange reports April ADV 5.9M contracts, down 13% y/y
ICE’s April average daily volume was 5.9 million contracts, a decrease of 13% compared to April 2013. Commodity futures and options ADV was down 20% in April due primarily to lower price volatility across most products. Financial futures and options ADV was down 3% in April due primarily to lower volatility in European interest rates relative to the prior April. This was partially offset by growth across equity derivatives that increased 11% year to year. NYSE and Euronext’s cash equities ADV declined 1% and 2%, respectively, from the prior April. NYSE equity options volume declined 14% year to year.
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

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