Some of Canada’s biggest financial institutions gained ownership of the country’s main stock exchanges, derivatives bourse and securities clearing house after sealing a C$3.73 billion ($3.71 billion) takeover of the Toronto Stock Exchange owner.
Nasdaq OMX Group Inc., the second- largest U.S. equity exchange operator, rallied the most since November after quarterly earnings beat analyst estimates and the company lowered its 2012 expense forecast.
For CME Group Inc. to improve the exchange industry’s worst profit outlook, the owner of the Chicago Mercantile Exchange needs only to look across the street to CBOE Holdings Inc., home of the biggest U.S. options market.
The scandal impairing confidence in the London interbank offered rate, a benchmark for $360 trillion in securities, may drive demand for interest-rate futures that NYSE Liffe U.S. will start offering this month.
Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world’s biggest exchange operator, accelerating a day of takeovers that began with London Stock Exchange Group Plc ’s acquisition of Canada’s TMX Group Inc.
Deutsche Boerse AG’s $9.53 billion all-stock purchase of New York Stock Exchange parent NYSE Euronext creates the world’s largest owner of equities and derivatives markets, and may spur additional mergers.
Nasdaq OMX Group Inc. , the U.S. exchange operator trying to take over NYSE Euronext, posted first-quarter earnings that matched analyst estimates, boosted by derivatives trading and share repurchases.