NYSE Euronext, the U.S. exchange operator being bought by Intercontinental Exchange Inc., reported first-quarter earnings that met analyst estimates as trading revenue increased and operating expenses declined.
Credit Suisse Group AG, operator of the largest U.S. dark pool, said it will no longer publicly disseminate monthly volume data for the private stock-trading venue, according to an executive at Tabb Group LLC.
U.S. exchanges and some brokers will be required for the first time to conduct coordinated trading tests to show they can recover from natural disasters or terrorist acts, according to a rule proposed by regulators.
Jeffrey Sprecher, who built the second-largest U.S. futures market, will likely focus on reducing costs after acquiring NYSE Euronext even if that means separating the 220-year-old New York Stock Exchange.
Four years after losing to the New York Stock Exchange in the takeover of Euronext NV, Deutsche Boerse AG ’s Reto Francioni is buying both companies and putting his rival’s chief executive officer, Duncan Niederauer , in charge.
More of NYSE Euronext’s growth will come from Asia and South America than Europe, where its takeover by Deutsche Boerse AG was blocked by regulators, according to Chief Executive Officer Duncan Niederauer.
NYSE Euronext Chief Executive Officer Duncan Niederauer started meeting with shareholders today to convince them his agreement with Deutsche Boerse AG is superior to an unsolicited bid from Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. that was rejected yesterday.