EXCHANGE NEWSWIRE, 01 November 2010
ICE reported adjusted EPS of $1.42 (+20% y/y) on revenues of $287m (+12% y/y) and adjusted expenses of $123m (+6% y/y) excluding $9m in acquisition costs and $6m in severance costs due to the CLE acquisition.
ICE acquired TradeCapture OTC, a provider of web-enabled solutions for commodity trading with real-time prices and its application “Tap and Trade” that will be renamed “ICE mobile” and will be available in the Apple App Store. ICE mobile delivers real time market data and will offer mobile trading later this year.
SGX and ASX: Australian Trade Minister Craig Emerson said that “there’s been an unfortunate prejudgment of this [SGX’s bid for ASX] proposal” and that opposition is “raising all sorts of doubts about it before any assessment has been made.”
SGX and FTSE announced a new Straits Times Index Dividend Index that will represent the cumulative value of ordinary dividends paid by the index components and will allow “creating products like derivatives, tracker funds, ETFs and other structured products.”
NASDAQ OMX launched five NASDAQ OMX Alpha Indexes designed to measure performance between stock and ETFs. The new indices began real-time calculation and dissemination on October 11 and will highlight a suite of new derivatives products that will allow traders to generate returns even when the market is down.
JSE launched the Rand Index (RAIN), a currency index that tracks the Rand against currencies of South Africa’s top five international trading partners, including EUR, USD, CNY, GBP and JPY.
Istanbul Stock Exchange will implement changes to open Turkish equity markets to algorithmic trading, beginning with the introduction of reduced tick sizes which will appeal to HFT traders.
TFX selected KVH’s low latency network connectivity and proximity hosting services to power the TFX Proximity Service supporting its interest rate futures market.
ECC admitted Merrill Lynch International (London) as a new Clearing member on 26 October.
Liquidnet started trading listed securities from Israel on November 1 and become the first block trading venue to offer direct electronic access into a Middle Eastern market.
Instinet’s Europe customers will have access to Equiduct Systems’ liquidity in UK, French, Belgian, Dutch, Portuguese and German stocks via Instinet’s Execution Experts algorithmic suite and SmartRouter.
Patsystems reached an agreement with Interactive Data 7ticks for the delivery of connectivity services for its new Patsystems XConnect hub in Chicago.
Orc Software will offer access to Brazilian markets through Alpes Corretora de Cambio (Alpes).
China: the National Association of Financial Market Institutional Investors launched a trial for credit derivatives last Friday, which would help investors buy and sell insurance against potential credit risks.
Provided By: Equity Research Desk, www.erdesk.com