Exchange operator Cboe Global Markets said on Tuesday it is buying Canada's largest "dark pool" stock trading platform, MATCHNow, from Virtu Financial for an undisclosed amount to expand its geographical footprint. Uncertainty over the COVID-19 pandemic has led to a flurry of trading over the past few months and the volatility has benefited exchange operators like Cboe, the third-largest U.S. stock exchange operator by volume, which early this month reported record first-quarter revenue. Cboe said it expects the acquisition of Toronto-based MATCHNow, an alternative trading system (ATS) where 5% to 7% of Canadian stocks by volume change hands, to close in the third quarter, pending regulatory approval.
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that it priced an underwritten public offering of $2.5 billion in new senior notes.
A subset of its brokers will be allowed to get back to work on the hallowed trading floor on that date.
As the importance of pricing global gas markets continues to grow amid the liberalization of natural gas, Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, is registering record levels of open interest across its North American, European and Asian gas benchmarks. Open interest in Total Natural Gas Futures at ICE hit a new record of more than 18.5 million contracts during the second quarter of 2020.
New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at the iconic 11 Wall Street building, which had been closed since March 23 due to the coronavirus. While some traders were back, it was not business as usual on Intercontinental Exchange Inc's NYSE floor. "When we paused for the past two months, we took the opportunity to learn a lot about this virus and what we learned is how to protect ourselves," NYSE President Stacey Cunningham told CNBC in an interview.
Senate legislation builds in a three-year grace period, meaning New York will remain home to Chinese companies’ listings for some time.
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that 55 recording jurisdictions in the eastern and southern U.S. have joined Simplifile’s e-recording network. Simplifile is part of ICE Mortgage Services, which applies technology and high-capacity infrastructure to make the mortgage process electronic and more efficient.
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced the results of the company’s 2020 Annual Meeting of Stockholders, which was held Friday, May 15. A replay of the meeting will be available at http://ir.theice.com.
The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 20 when the bourse was forced to go all-electronic due to the coronavirus pandemic. The Intercontinental Exchange Inc's NYSE floor will be different, with protective masks, strict social distancing requirements, and just around a quarter of the people, NYSE Chief Commercial Officer John Tuttle said in an interview. "The floor represents so much more than the several tens-of-thousands of square feet it occupies," he said.
Intercontinental Exchange (ICE) is poised to grow over the long term given its operational excellence and solid capital position.
The New York Stock Exchange, which was forced by the coronavirus pandemic to shut its doors in March, will reopen the day after Memorial Day.
Adds to a rapidly growing number of municipal bond investors including climate risk in investment decisions Boston, Massachusetts--(Newsfile Corp. - May 21, 2020) - risQ Inc., a start-up delivering best-in-class climate risk analytics, and ICE Data Services, which is part of Intercontinental Exchange, Inc. (NYSE: ICE), today announced that KORE Private Wealth has adopted ICE Climate Risk to provide climate risk data and analytics ...
Is (ICE) Outperforming Other Finance Stocks This Year?
Announcing that the NYSE trading floor reopening will bring a "new normal," the President of the NYSE, Stacey Cunningham, said the exchange would allow a "subset" of brokers back on the floor wearing face masks.What Happened Penning an opinion piece for the Wall Street Journal, Cunningham wrote that the Intercontinental Exchange Inc. (NYSE: ICE) owned New York Stock Exchange would open its trading floor after the Memorial Day holiday on May 26. Out of respect for the sacrifices of health-care workers, the exchange will reopen with caution to "limit the strain on the health-care system," the NYSE President revealed. Cunningham called COVID-19 a "stubborn reality" and said, "We can't keep the country closed indefinitely."Why It Matters The NYSE trading floor was closed on March 23, shifting to electronic trading only, as COVID-19 gripped New York City.The reopened trading floor will look markedly different from pre-pandemic times. The exchange's "designated market makers" will continue, for the most part, to operate away from the floor.Floor brokers will return in smaller numbers, wear masks and follow social distancing requirements following a new "choreography" that defines a designated working space.The NYSE is asking people coming to work to avoid public transportation, and brokers and visitors alike will be required to go through temperature screening. Those who fail the temperature check will be denied entry until they test negative for COVID-19 or complete quarantine.While accepting that during floor closure listed companies continued to "operate effectively," Cunningham stressed the importance of floor reopening, writing, "Stocks trade better when the floor is open, with reduced volatility and fairer prices."Price Action Intercontinental Exchange shares traded 0.97% higher at $94.15 in the after-hours session on Thursday. The shares had closed the regular session nearly unchanged at $93.25.Image Credit: Wikimedia.See more from Benzinga * Real Estate Data Giant CoStar Buys Ten-X For 0M * Intelsat Files For Bankruptcy, Plans To Participate In Federal Spectrum Auction * Trump Surprised By Fauci's Senate Hearing Comments, Calls Them Not 'Acceptable'(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The New York Stock Exchange will partially reopen its trading floor to some, but not all, brokers tomorrow after closing it in late March due to Covid-19.The New York Stock Exchange, by far the world's largest stock exchange in terms of the total market capitalization of listed firms, is owned by Intercontinental Exchange (ICE).The brokers that return will be required to wear protective masks and follow social-distancing guidelines, NYSE President Stacey Cunningham wrote in a commentary published in The Wall Street Journal. They will also be asked to refrain from taking public transportation when coming to the Exchange, in order to limit their potential exposure to the virus.Cunningham wrote: “We opted to close our floor temporarily in the early days of the pandemic to help slow the spread of disease. Two months later, we’ve learned a lot and are in a position to reopen the floor with vital new safety measures, as we begin working together to restart the U.S. economy."Cunningham specified that the measures enacted to open the trading floor may become more stringent if the cases of Covid-19 surge, and that while they will be opening their doors, no one -- traders, brokers, or NYSE employees -- will be required to come in to work. Pre-coronavirus, there were about 500 floor traders at the NYSE.The NYSE as well as ICE's other exchange assets have done quite well as the coronavirus has spurred an uptick in trading and clearing. First quarter consolidated net revenues were $1.6 billion, up 23% year-over-year, and ICE's Q1 net income was $650 million, sharply up from $484 million registered in the equivalent period a year earlier. Like many other stocks, ICE dropped in late March, but since has gained back its losses and now sits at $93.77 per share, not far off its 52-week high of $102.TipRanks data shows that out of 12 analysts, 11 rate ICE a Buy, with a $102 12-month price target for 9% upside from today's price. (See Intercontinental Exchange stock analysis on TipRanks).Related News:Tesla Drops Alameda County Lawsuit Over California Plant Reopening Facebook Invests An Eye-Watering $5.7B in India’s Jio Platforms Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness More recent articles from Smarter Analyst: * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings * Microsoft Seeks $2B Stake In India’s Jio Platforms- Report * Boeing Cuts 6,770 Jobs In U.S.; CFRA Upgrades Stock To Buy * Google Faces Arizona Lawsuit Over ‘Unfair’ Location Data Storing
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Intercontinental Exchange (ICE) displays prudence by issuing senior notes amid a low interest rate environment to procure funds.
On Thursday, NYSE President Stacey Cunningham wrote in a WSJ opinion piece that the New York Stock Exchange will open to a subset of floor brokers on May 26, noting that it is now "in a position to reopen the floor with vital new safety measures, as we begin working together to restart the U.S. economy.” The Final Round panel discusses.
Q1 2020 Intercontinental Exchange Inc Earnings Call
The Members Exchange on Tuesday said BlackRock Inc, the world's biggest asset manager, was among its latest financial and strategic backers as the new bourse gears up to take on the New York Stock Exchange and Nasdaq Inc with a third-quarter launch. MEMX, which was founded by some of the biggest customers of Intercontinental Exchange Inc's NYSE and Nasdaq, said Wells Fargo, Flow Traders, Manikay Partners and Williams Trading, also took part in its recent $65 million financing round.