NYSE Euronext , the U.S. exchange operator planning to merge with Deutsche Boerse AG, may offer a one-time dividend as a sweetener to help win shareholder approval, said Sandler O’Neill & Partners LP’s Richard Repetto .
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.
U.S. regulators plan to allow hedge funds and other credit-swap traders to reduce the amount of collateral needed to back transactions through the use of accounts that offset different types of trades.
Intercontinental Exchange Inc., which last month agreed to buy NYSE Euronext, is the top stock pick this year as earnings should grow 25 percent in 2014, according to Sandler O’Neill & Partners LP analyst Richard Repetto.
CBOE Holdings Inc. plans to launch an electronic options contract based on the Standard & Poor’s 500 Index that analysts say may overtake volume in the 28-year- old flagship gauge traded on the Chicago Board Options Exchange.
Getco LLC, the closely held high- frequency trading company that negotiated a takeover of Knight Capital Group Inc. in December, said profit plunged last year as stock-market volume dropped and volatility evaporated.
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.