IntercontinentalExchange weakness creates buying opportunity, says Argus Argus expects IntercontinentalExchange to be boosted by what the firm sees as its proven ability to execute well and its strong market share in energy and agriculture futures. The firm reiterates a Buy rating on the shares but cut its price target on the name to $220 from $240.
NYSE owner warns of cyber risk to frequency trading, Financial Times says IntercontinentalExchange CEO Jeff Sprecher warned that efforts to fend off cyber hackers could reverse the momentumtowards faster markets, reports the Financial Times. Sprecher adds that the growing risk of cyber attacks would force traders to pass new electronic sentries as they connect to his exchanges. Reference Link