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Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.
Now, the owner of the New York Stock Exchange is turning to state watchdogs to get the project over the goal line. ICE’s plan is to create a highly regulated Bitcoin ecosystem that would encourage pension funds, endowments and other institutions to invest more money in the space, and make it much easier for consumers to buy products with the cryptocurrency. The venture, announced to much fanfare in August, has lined up big-name backers, including Starbucks Inc. and Microsoft Inc.
Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves. Venture capital investments in crypto and blockchain startups that included funds from corporates have raced to $850 million so far this year, data compiled by PitchBook for Reuters shows.
Thomson Reuters Corp (TSX:TRI)(NYSE:TRI) and these two other stocks have been outperforming the TSX this year and could still go higher.
Nasdaq (NDAQ) 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.
MarketAxess (MKTX) 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.
Interactive Brokers' (IBKR) first-quarter 2019 results benefit from higher revenues. However, higher expenses act as a headwind.
Nasdaq (NDAQ) is poised for long-term growth given continued improvement at index and analytics businesses followed by moderate exchange data products operations.
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Interactive Brokers (IBKR) 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.
CME Bitcoin futures hit a record 22,542 contracts traded on April 4, equivalent to 112,710 Bitcoin with a notional value of $546 million, according to a release from the derivatives exchange operator. The increased trading came just after Bitcoin unexpectedly surged almost 30 percent over the two previous trading days after months of relative inactivity, according to consolidated Bloomberg pricing. Bitcoin was up 0.5 percent at $5,279 at 10:12 a.m. in Hong Kong.
(Bloomberg) -- London Stock Exchange Group Plc’s Turquoise venue is pressing ahead with plans to shift trading of European stocks to its newly minted Amsterdam operation as Brexit negotiations go down to the wire.
Jonathan Silverman, who was hired in April 2017 to manage Kraken’s institutional sales and trading desk in New York, is demanding compensation in excess of $900,000, according to a suit filed April 4 in New York. Silverman says the trading desk generated more than $19 million in profits during three months in 2017 and he never received neither the commission nor additional promised stock options.
Euronext is now awaiting final approval from Norway’s finance ministry to complete the $790 million takeover of Oslo Bors VPS Group, the company said in a statement Monday. The suitor has the backing of investors holding 53.2 percent of the shares in Oslo Bors, while Nasdaq has 35 percent. Euronext said it “remains confident” about completing the transaction by the end of the second quarter.
LONDON/DUBAI, April 5 (Reuters) - Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.
"Tradeweb seem like a bargain, especially when you consider that Tradeweb actually has a faster growth rate" than MarketAxess, CNBC's Jim Cramer says. CNBC's Jim Cramer on Friday said Tradeweb Markets TW , the electronic trading platform that listed on public markets Thursday, could be worth buying when compared with MarketAxess MKTX . Tradeweb, which is backed by Blackstone BX and a collection of big banks, opened on the Nasdaq at more than $34 after a $27 initial price offering, a deal that Cramer said was "massively oversubscribed," and closed at less than $37 on Friday.
Intercontinental Exchange's (ICE) March volume reflects improved Financial ADV partially offset by decline in Commodities ADV.
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