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Stock Market & Financial Investment News

News Breaks
April 10, 2014
13:43 EDTBLK, TROW, ITG, BEN, NDAQ, ICEFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link
News For NDAQ;ICE;ITG;BLK;BEN;TROW From The Last 14 Days
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April 17, 2015
06:09 EDTNDAQ, ICEBATS seeks to gain maket share in options trading, ETFs, WSJ reports
BATS Global Markets (BATS) is planning to launch an options market, EDGX Options, in November, which will compete directly with options exchanges run by Nasdaq OMX Group (NDAQ) and International Securities Exchange, The Wall Street Journal reports. In other BATS moves, the stock exchange operator has hired Laura Morrison, a senior NYSE (ICE) officer to run its global exchange-traded funds business. Reference Link
April 16, 2015
11:29 EDTICEIntercontinentalExchange says ICE brent crude futures make open interest record
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05:48 EDTBLKBlackRock reports Q1 AUM up 8%
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05:47 EDTBLKBlackRock reports Q1 long-term net inflows of $70.4B
Flows were positive across all long-term asset classes, client types, regions and investment styles, with active net inflows of $32B and index net inflows of $38B. Reports Q1 Institutional long-term net inflows of $21B. Long-term net inflows were positive across all regions, with net inflows of $47.5B, $17.7B and $5.2B from clients in the Americas, EMEA and Asia-Pacific, respectively. At March 31, 2015, BlackRock managed 62% of its long-term AUM for investors in the Americas and 38% for clients in EMEA and Asia-Pacific.
05:45 EDTBLKBlackRock reports Q1 adjusted EPS $4.89, consensus $4.52
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April 15, 2015
07:49 EDTBLKJPMorgan to hold a conference
Public Finance Transportation & Utility Conference is being held in New York on April 15-16.
April 14, 2015
14:16 EDTBLKBlackRock April volatility elevated at 38 into Q4 and outlook
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April 13, 2015
16:18 EDTICEeBay announces executive appointments ahead of PayPal separation
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April 10, 2015
16:09 EDTNDAQNASDAQ announces end-of-month open short interest positions
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April 9, 2015
16:32 EDTBENFranklin Resources reports AUM $880.6M at March 31
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08:41 EDTITGITG enters cooperation agreement with Philadelphia Financial, Voce Capital
ITG (ITG) announced that it has reached an agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management and added a new independent member to its board of directors, Jarrett Lilien, former president and COO of E*TRADE Financial (ETFC). ITG has further agreed to conduct a search for a second additional independent board member, with input from Philadelphia Financial and Voce Capital. Lilien will join the board of directors' newly formed Capital Committee, which will review the Company's allocation and use of capital in and among its various businesses and geographies and make recommendations to the full Board regarding further capital optimization strategies. Philadelphia Capital and Voce Capital have committed to support all of the Board's nominees at ITG's annual meeting of shareholders.
08:06 EDTITGITG reports March U.S. trading volume of 4.6B shares
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April 8, 2015
08:06 EDTNDAQNASDAQ, KBW announce strategic partnership
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07:22 EDTBLKEvercore ISI to hold a conference
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April 7, 2015
06:03 EDTBLKBlackRock CEO warns on strong US dollar, Financial Times reports
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April 6, 2015
15:16 EDTBLKBlackRock to consolidate or close certain money-market funds, WSJ says
In a Wall Street Journal interview, BlackRock co-head of global cash management Tom Callahan stated the company will consolidate or close certain money-market funds in order to comply with forthcoming SEC rule changes. The Journal notes that BlackRock will have "closer to 30" money-market funds after the change, as opposed to its current 50. Reference Link
10:09 EDTTROWHigh option volume stocks
High option volume stocks: DBA DLPH OUTR PNK TROW SLCA MTB EMR MTG IVZ
08:32 EDTICEIntercontinentalExchange reports March exchange traded volume
Intercontinental Exchange reported March exchange traded volume. ICE’s March 2015 futures and options average daily volume declined 7% compared to March 2014. Commodity ADV increased 13% led by Brent, Gasoil, Other Oil and Nat Gas up 28%, 8%, 32%, and 9% respectively, from the prior March. Financials ADV declined 22% from the previous March primarily due to continued low volatility in Continental European short-term interest rates and single stock equities, partially offset by a 9% and 6% increase in Sterling and Gilt ADV, respectively. ADV for NYSE’s U.S. cash equities increased 6%, while U.S. equity options ADV declined 32% over the prior March. NYSE’s U.S. cash equities market share was 24.4% and NYSE’s U.S. options market share was 17.9%.

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