Edition:
United States

Intercontinental Exchange Inc (ICE)

ICE on New York Consolidated

275.82USD
26 Sep 2016
Change (% chg)

$-0.29 (-0.10%)
Prev Close
$276.11
Open
$275.75
Day's High
$276.42
Day's Low
$274.00
Volume
78,998
Avg. Vol
628,021
52-wk High
$287.02
52-wk Low
$223.49

Latest Key Developments (Source: Significant Developments)

Intercontinental Exchange's board vote to increase number of directors
Wednesday, 21 Sep 2016 10:00am EDT 

Intercontinental Exchange Inc :On Sept. 21, 2016, board voted to increase total number of directors constituting board from 8 to 9 directors - SEC filing.  Full Article

ICE Clear Europe receives EMIR authorisation
Monday, 19 Sep 2016 10:08am EDT 

Intercontinental Exchange: ICE Clear Europe receives EMIR authorisation .Bank of England authorised ICE Clear Europe as central counterparty in accordance with European market infrastructure regulation.  Full Article

UK's CMA makes proposals to remedy provisional ICE/Trayport deal concerns
Thursday, 15 Sep 2016 06:07am EDT 

UK's Competition and Markets Authority : UK's CMA announces proposal to remedy provisional SLC identified by CMA in ICE/Trayport merger inquiry . UK's CMA says proposes Trayport will be separate legal entity within ICE Group . UK's CMA says proposes Trayport will operate as separate and distinct business from ICE with its own board of directors and senior management team. .UK's CMA says proposes Trayport may not include exclusivity term that prohibits customer from using alternative software products sold by other cos.  Full Article

ICE says to stick by Trayport deal despite UK antitrust concerns
Thursday, 18 Aug 2016 05:00am EDT 

Intercontinental Exchange Inc : Intercontinental Exchange statement on Trayport acquisition . ICE does not agree with CMA findings which do not align with ICE's vision for continuing to operate Trayport as an open and autonomous software provider . Findings are provisional and final CMA decision is not expected to be known until mid-October . Committed to retaining ownership of Trayport; willing to memorialize its intentions with regard to Trayport's future operation with formal CMA remedies .We do not believe that divestment is necessary, appropriate or in best interests of Trayport's customers.  Full Article

Intercontinental announces expected closing for acquisition of S&P Global's SPSE and CMA
Wednesday, 17 Aug 2016 08:30am EDT 

Intercontinental Exchange Inc : Announces expected closing for acquisition of S&P Global's securities evaluations and credit market analysis .Transaction is expected to close in October 2016, at which time SPSE and CMA will become part of Ice Data Services.  Full Article

ICE says ICE Clear Credit surpasses $100 bln in client cleared single name CDS for 2016
Thursday, 11 Aug 2016 01:17pm EDT 

Intercontinental Exchange: ICE Clear credit surpasses $100 billion in client cleared single name credit default swaps for 2016 .Year to date, over $100 billion notional in single name cds cleared at ice clear credit versus $33.3 billion for full year of 2015.  Full Article

Nasdaq, NYSE, BATS to file new exchange rules with SEC
Thursday, 11 Aug 2016 09:19am EDT 

Nasdaq Inc: Bats global, Nasdaq, NYSE worked together to "harmonize key functions of U.S. equity markets" to "increase resiliency" during "extreme" volatility . Exchanges to file with SEC set of exchange rules, update to national market system plan to address extraordinary "market volatility" . LULD plan is designed to prevent trades in individual securities outside of specified price bands, called 'LULD bands' . Exchanges' goals focused on eliminating time periods where securities could trade without LULD bands in place, reducing number of trading pauses . Goals focused on standardization of primary exchange automated re-openings after trading pause, elimination of CEE rules when LULD bands in effect . Set of exchange rules to be filed with SEC is called "LULD plan" was approved on a pilot basis by SEC in 2012 . Exchange groups finalized, will be soon submitting to sec, changes to LULD plan aligning LULD parameters to improve price discovery process after trade pause .Exchanges currently conducting data-driven analysis, considering market participant feedback to recommend changes to, or elimination of, CEE rules.  Full Article

Intercontinental Exchange Q2 adjusted earnings per share $3.43
Wednesday, 3 Aug 2016 07:30am EDT 

Intercontinental Exchange Reports Seventh Consecutive Quarter Of Double Digit earnings growth : Q2 gaap earnings per share $2.98Q2 adjusted earnings per share $3.43 . Q2 earnings per share view $3.38 -- Thomson Reuters I/B/E/S . Q2 revenue $1.1 billion . Board approved pursuing a 5-for-1 stock split . Board approved pursuing a new $1 billion share repurchase program . $572 million . Sees 2016 data services revenue up 6-7% on a pro forma basis . Gaap operating expenses $485-$495 million . Intercontinental exchange inc sees 2016 expense synergies about $100 million . Trading and clearing segment revenues were $527 million in q2 2016, up 9% . Gaap operating expenses $1.94-$1.97 billion . $2.30 billion .Q2 revenue view $1.12 billion -- Thomson Reuters I/B/E/S.  Full Article

Intercontinental Exchange announces sale of voice brokerage ops of Creditex to Tullett Prebon
Friday, 29 Jul 2016 11:12am EDT 

Intercontinental Exchange Inc : Intercontinental Exchange Inc says terms of transaction were not disclosed and transaction is subject to FINRA approval . Intercontinental Exchange announces agreement for the sale of the voice brokerage operations of Creditex to Tullett Prebon .Will retain electronically traded markets and systems, post-trade connectivity platforms, intellectual property of Creditex.  Full Article

CME Group Q2 adjusted earnings per share $1.14
Thursday, 28 Jul 2016 07:00am EDT 

CME Group Inc : Second-Quarter 2016 average daily volume was 15.1 million contracts, up 13 percent from second-quarter 2015 . Qtrly clearing and transaction fee revenue was $768 million, up 13 percent compared with second-quarter 2015 . Qtrly market data revenue was $103 million, up slightly compared with q2 last year. . Q2 earnings per share view $1.11, revenue view $911.9 million -- Thomson Reuters I/B/E/S . Second-Quarter 2016 total average rate per contract was 78.2 cents, up from 75.6 cents in first-quarter 2016 . Quarter 2016 financial results . Q2 adjusted earnings per share $1.14 . Q2 earnings per share $0.95 . Q2 revenue $906 million . Q2 earnings per share view $1.11 -- Thomson Reuters I/B/E/S . Q2 market data revenue was $103 million, up slightly compared with q2 last year .Second-Quarter 2016 total average rate per contract was 78.2 cents, up from 75.6 cents in first-quarter 2016.  Full Article

Exchanges defeat appeal of U.S. high-frequency trading lawsuits

NEW YORK A federal appeals court on Friday rejected an investor's attempt to revive lawsuits accusing major U.S. exchanges of selling early access to market data to high-frequency traders, the subject of Michael Lewis' 2014 best-seller "Flash Boys."