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Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.
CME Group Inc.
Intercontinental Exchange, Inc.
Thomson Reuters Corporation
Interactive Brokers Group, Inc.
MarketAxess Holdings Inc.
Cboe Global Markets, Inc.
Virtu Financial, Inc.
Rupee in Monday's trade (August 3, 2020) opens at 74.88 versus previous day's close of 74.81 per US dollar. And hits an early low of 74.92 per US dollar. The rupee off late has been underperforming its emerging market peers and
Dividend announcements were mostly positive this week as (MDLZ)(ICE) and (MAS) were among those declaring increases. At least two companies announced dividend cuts: (VNO) a large real estate investment trust whose holdings include a portfolio of office properties in New York City, and (GWB) which is based in South Dakota with a focus on agribusiness. In addition to declaring a 7% quarterly dividend increase, the company announced it will pay a special dividend of $5 a share.
Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While the stock exchanges like Nasdaq and Intercontinental Exchange reported record numbers in the second quarter, CME Group (NASDAQ: CME) reported a drop in revenues. It turns out that the steps taken to support the economy by the Federal Reserve have worked against CME, largely because much of its business is in interest-rate products. CME Group is the world's largest derivatives exchange, encompassing the Chicago Mercantile Exchange, the Chicago Board of Trade, the New York Mercantile Exchange, and the Commodities Exchange.
NEW YORK, July 31, 2020 (GLOBE NEWSWIRE) -- Today, Nasdaq (Nasdaq: NDAQ) announced that Tradeweb Markets (Nasdaq: TW), a leading global operator of electronic marketplaces for fixed income products and derivatives, has selected Nasdaq to provide its Market Surveillance solution for monitoring US Treasuries and Mortgage-Backed Securities trading on Dealerweb, and Swaps trading on DW SEF. The SaaS-deployed technology will provide Tradeweb with a fully integrated platform with robust and flexible market surveillance workflows to manage cross-market, cross-asset, and multi-venue surveillance, supported by market-leading analysis and visualization tools. The tools will effectively monitor billions of trading messages in real-time or historically in a simplified way by distilling complex information into user-friendly formats.“As markets digitize at an ever-increasing pace, it is vital that we continue to build and deploy first-class solutions that give traders and investors the surety they need to get trades done,” said Scott Zucker, Chief Risk and Administrative Officer, Tradeweb. “Tradeweb is continuously seeking new and innovative ways to enhance our market infrastructure, and we are excited to incorporate Nasdaq’s technology into our existing surveillance capabilities as part of our ongoing commitment to move market infrastructure forward.”“Through this partnership, Tradeweb will leverage our cloud based SaaS technology to further advance their surveillance program and strengthen integrity efforts across the fixed income and derivative markets,” said Tony Sio, Head of Market Regulatory Technology, Nasdaq. “We look forward to working together and supporting them in this important endeavor.”Nasdaq's market technology powers more than 250 of the world's market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.About Nasdaq Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves approximately 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than $790 billion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com.NDAQGMedia ContactsNasdaqRyan Wells Mobile: +1 646 648 3887 firstname.lastname@example.orgYan-yan Tong Mobile: +46 (0)73 449 66 83 email@example.com Tradeweb MarketsHannah Randall Akeel +1 646 939 6198 Hannah.RandallAkeel@tradeweb.com
Traders on CME Group's <CME.O> Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record. The bumper number underlines a dramatic change on Comex since March, when the coronavirus crisis weakened links between New York, the world's main gold futures trading venue, and London, the biggest centre for storing and trading physical bullion. The assumption that gold could be quickly shipped from London to New York to settle contracts broke down when lockdowns grounded passenger planes used to transport it and closed refineries that shape metal to fit CME specifications.
The COVID-19 pandemic has complicated merger and acquisition deal making, as social-distancing and restrictions on travel have made it harder for top executives to meet face-to-face, the head of Intercontinental Exchange Inc <ICE.N> said on Thursday. "The COVID-19 environment has really created winners and losers in many spaces, including financial services," ICE CEO Jeffrey Sprecher said. ICE, which bought the New York Stock Exchange in 2013, has grown from a small energy-trading business in 2000 to one of the world's biggest exchange operators, with a $51.6 billion market cap, largely through acquisitions.
NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company”) today announced that Joseph Genovese has joined the firm as a Managing Director, Head of Delta One Swap Sales. In his new role, he will be responsible for client origination for Cowen’s Portfolio Swap product. Mr. Genovese brings with him more than 25 years of industry experience in Finance and Prime Services. He will be based in New York and report to Matt Baldassano, Managing Director and Head of Global Securities Finance. In the first quarter of 2019, Cowen launched its Portfolio Swap product as it expanded the breadth of its Global Securities Finance offerings. Currently these products are being offered to clients out of the Company’s New York and London offices.“We are excited to have Joe as a new member of our team and dedicated to bringing new relationships to our Financing offering and the Firm,” said Mr. Baldassano. “Cowen’s Swap product helps clients outperform by providing customers with the ability to trade via high-touch and receive long/short exposure through Cowen’s algorithmic trading suite. Joe’s knowledge and long-standing relationships will help showcase the breath of our firm across multiple products and add value to our clients in the synthetic financing space.”Commenting on his new role, Mr. Genovese added, “Cowen’s momentum, track record of success, global footprint and deep senior relationships with buy-side portfolio managers present an exciting opportunity. I have been watching their outstanding growth and am excited to join the team to help further build out this critical part of the business. Cowen’s Portfolio Swap products offer an excellent opportunity for alpha generation and risk management and I look forward to working closely with the team to identify opportunities for our clients to outperform.”Prior to joining Cowen, Mr. Genovese spent 15 years at Deutsche Bank where, most recently, he served as Head of Global Prime Distribution for the Americas. Previously, he spent five years at Credit Suisse in their Prime Finance group and four years with Bear Stearns’s Prime Brokerage division as a client relationship manager for hedge funds. Mr. Genovese received his BS in Finance from Towson University.About Cowen Inc.Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.com.© 2020 Cowen and Company. Member NYSE, FINRA and SIPC. All Rights Reserved.Media Contacts: Gagnier Communications Dan Gagnier / Jeffrey Mathews 646-569-5897 firstname.lastname@example.org
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today a $0.30 per share dividend for the third quarter of 2020, which is up 9% from the $0.275 per share dividend paid in the third quarter of 2019. The cash dividend is payable on September 30, 2020 to stockholders of record as of September 16, 2020. The ex-dividend date is September 15, 2020.
Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today announced plans to introduce periodic auctions – an innovative mechanism based on a model it first launched in Europe – for the trading of U.S. equities, subject to regulatory approval. With the planned launch of U.S. periodic auctions, Cboe aims to build on the success of its European offering and bring to the U.S. equity markets a new, intraday auction mechanism that delivers beneficial execution outcomes for all market participants.
S&P Dow Jones Indices, one of the largest index providers for exchange-traded funds, has received a Wells notice from the U.S. Securities and Exchange Commission (SEC), a filing by New York-based financial-data agency S&P Global showed. The Wells notice was issued to the index provider for failing to provide sufficient disclosures on some volatility-related indexes in 2018, according to the filing https://www.sec.gov/ix?doc=/Archives/edgar/data/64040/000006404020000144/spgi-20200630.htm from Tuesday. The SEC is planning to file an enforcement action against the index provider, a joint venture between S&P Global and exchange operator CME Group, the filing said.
Thomson Reuters (TRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
CME Group (CME) Q2 results reflect lower clearing and transaction fees and decrease in average daily volume in four out of the six products lines.
Moody's Investors Service ("Moody's") said Camelot UK Holdco Limited's (the "company", d/b/a "Clarivate Analytics" or "Clarivate") B2 Corporate Family Rating (CFR), B2 ratings on its existing senior secured first-lien credit facilities and senior secured notes, and stable outlook are not immediately impacted by today's announcement that the company has entered into a definitive agreement to merge with intellectual property (IP) management services and software firm Capri Acquisitions BidCo Limited (d/b/a "CPA Global") for a purchase price of $6.8 billion under a stock-for-stock arrangement. Headquartered in Philadelphia, PA, Clarivate Analytics provides comprehensive intellectual property and scientific information, decision support tools and services that enable academia, corporations, governments and the legal community to discover, protect and commercialize content, ideas and brands.
CME (CME) delivered earnings and revenue surprises of 0.62% and -1.06%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of CME Group (NASDAQ:CME) moved higher by 0.1% in pre-market trading after the company reported Q2 results.Quarterly Results Earnings per share fell 7.39% over the past year to $1.63, which beat the estimate of $1.62.Revenue of $1,182,000,000 declined by 7.15% year over year, which missed the estimate of $1,200,000,000.Guidance Earnings guidance hasn't been issued by the company for now.CME Group hasn't issued any revenue guidance for the time being.Conference Call Details Date: Jul 29, 2020View more earnings on CMETime: 08:30 AMET Webcast URL: https://edge.media-server.com/mmc/p/jrmq9sfmTechnicals 52-week high: $225.36Company's 52-week low was at $131.80Price action over last quarter: down 6.60%Company Description Based in Chicago, CME Group operates exchanges that allow investors, suppliers, and businesses to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated part of the industry by merging with crosstown rival CBOT Holdings (2007) before acquiring Nymex Holdings in 2008. In addition, CME has a 27% stake in S&P/Dow Jones Indexes LLC along with an exclusive license to trade and clear S&P futures contracts.See more from Benzinga * Wabash National: Q2 Earnings Insights * Steven Madden: Q2 Earnings Insights * Recap: AerCap Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
COWN earnings call for the period ending June 30, 2020.
NEW YORK, July 28, 2020 (GLOBE NEWSWIRE) -- Cowen Inc. (NASDAQ:COWN) (“Cowen” or the “Company) today announced that its Board of Directors has declared a quarterly cash dividend of $14.06 per share on the Company’s 5.625% Series A Cumulative Perpetual Convertible Preferred Stock (the “Convertible Preferred Stock”). The quarterly dividend on the Convertible Preferred Stock is payable on August 17, 2020, to holders of record at the close of business on August 1, 2020. About Cowen Inc.Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide. Learn more at Cowen.comFor further information, contact:Cowen Inc. J.T. Farley, Investor Relations (646) 562-1056 email@example.com