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Stock Market & Financial Investment News

News Breaks
December 20, 2012
11:52 EDTICE, CME, NYXNYSE Euronext had talks with CME Group, CNBC's Bartiromo reports
News For NYX;CME;ICE From The Last 14 Days
Check below for free stories on NYX;CME;ICE the last two weeks.
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April 16, 2014
07:41 EDTICEICE owner purchases Algo Technologies, Bloomberg says
The new owner of IntercontinentalExchange has been exploring matching engine software and purchased Algo Technologies in response to that, according to Bloomberg, citing two people familiar with the matter. The sources said that Algo Technologies is a firm that claims to have the industry’s quickest matching engine. Reference Link
April 15, 2014
07:28 EDTICESEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 14, 2014
12:01 EDTICEIntercontinentalExchange sets new daily record for ICE NYH RBOB futures
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06:51 EDTCMECME sued on claims high-frequency traders purchased access, Bloomberg says
CME Group is facing a lawsuit by by three of its users who claim the company sold access to order information to high-frequency traders ahead of other market participants, according to Bloomberg, citing a complaint filed in Chicago federal court. Reference Link
April 11, 2014
07:02 EDTCMECME Group weakness creates buying opportunity, says Bernstein
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April 10, 2014
13:43 EDTICEFidelity 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
April 8, 2014
14:32 EDTCMECME Group halts several futures, options markets for technical issues
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April 7, 2014
06:58 EDTICEDark markets could cause more harm than high-frequency trading, Reuters says
After a book by financial author Michael Lewis sparked worries that high-speed traders have been rigging the U.S. stock market, former regulators and academics say a more serious threat to investors could be the increasing amount of trading that happens outside of exchanges, reported Reuters. Top internalizers include units of KCG Holdings (KCG), Citadel, UBS (UBS), and Citigroup (C). Dark pool operators include Credit Suisse (CS) and Morgan Stanley (MS). In an attempt to earn back some of the retail orders, exchanges such as IntercontinentalExchange Group's (ICE) New York Stock Exchange, Nasdaq (NDAQ), and BATS Global Markets, have allowed brokerages to place dark pool-style orders on their platforms, with the trade hidden until after it is executed. Reference Link
April 5, 2014
20:24 EDTICEIEX may look for exchange status sooner than planned, Reuters says
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April 3, 2014
09:02 EDTICEMeetMe to move stock listing to NASDAQ
MeetMe (MEET) announced that it will transfer its U.S. stock exchange listing to the NASDAQ Capital Market (NDAQ). Trading in the company’s shares currently takes place on the NYSE MKT (ICE). The company expects trading on NASDAQ to begin on April 15. Until that time, trading will continue on the NYSE MKT. The company will retain its current ticker symbol, “MEET,” when trading begins on NASDAQ.
08:30 EDTICEIntercontinentalExchange reports March average daily volume down 16%
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05:57 EDTICENYSE says expects IPO window to continue this year, Fortune reports
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