U.S. stock exchanges and one of the world’s largest mutual fund companies called for greater public disclosure or elimination of obscure incentives and fees that lawmakers said favor the interests of high-speed traders over other investors.
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 .
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.
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.
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.
Nasdaq OMX Group Inc.’s Eric Noll, who oversaw the exchange’s U.S. trading business during a period when its reliability was criticized, left the company to become chief executive officer of ConvergEx Group LLC.