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Stock Market & Financial Investment News

News Breaks
February 19, 2014
08:44 EDTITG, ICE, ITCITG may bid for ICE's Nyfix, WSJ reports
Investment Technology Group (ITG) is considering a bid for Nyfix Inc, a trading system being sold off as part of the streamlining of the New York Stock Exchange by IntercontinentalExchange Group (ICE), sources say, reports the Wall Street Journal. Reference Link
News For ITG;ICE;ITC From The Last 14 Days
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July 31, 2014
08:25 EDTITGITG reports Q2 EPS 35c, consensus 29c
Reports Q2 revenue $138.5M, consensus $131.38M.
July 30, 2014
17:04 EDTITGITG acquires RFQ-hub
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08:23 EDTICESEC may consider rule change, allowing IEX to be exchange, Reuters says
IEX Group, which was described in Michael Lewis' book "Flash Boys" as a place for investors to place buy and sell orders without worrying that they are being "front-run" by high-speed traders, may be aided in its goal of becoming a full-fledged stock exchange as the SEC may revisit rules that require the fastest possible execution of securities trades, said Reuters, citing a person familiar with the SEC's thinking. Publicly traded stock exchange owners include NASDAQ (NDAQ), IntercontinentalExchange (ICE) and BATS Global Markets (BATS). Reference Link
July 29, 2014
09:13 EDTITCITC Holdings 6.5M share Block Trade priced at $35.20
Credit Suisse acted as sole book running manager for the offering.
July 22, 2014
16:26 EDTITGITG confirms reception of shareholder letter
ITG confirmed that it has received a shareholder letter from Philadelphia Financial of San Francisco. ITG welcomes constructive input from investors and is committed to creating lasting value for all of its shareholders. ITG management will provide an update on financial results and business outlook during the Q2 earnings call on July 31st.
14:53 EDTITGITG up 4% after Philadelphia Financial reports 6.3% stake, seeks new CEO
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14:35 EDTITGPhiladelphia Financial reports 6.3% stake in ITG, seeks CEO change or sale
Philadelphia Financial acquired their shares of Common Stock based upon their view that the stock is trading below its intrinsic value due to inappropriate management of the company by its current CEO. Philadelphia Financial seeks to influence the board of directors of the company to change the CEO and or to sell the company to another company thereby achieving gains in Common Stock of the company for the current shareholders. The actions of Philadelphia Financial are based upon a detailed and complex analysis of the company, its operations, financial results, competitive environment, the general economic environment in which it operates, securities markets in general and the market for the company’s securities in particular as well as other factors. Accordingly, Philadelphia Financial reserves the right to change its intentions and develop new or different proposals at any time as it deems appropriate.
July 21, 2014
10:02 EDTITCOn The Fly: Analyst Upgrade Summary
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07:44 EDTITCITC Holdings upgraded to Buy from Hold at Argus
Argus upgraded ITC Holdings based on growing network of transmission assets that earn higher returns. Price target is $42.

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