Electronic Trading

2.53k followers • 11 symbols Watchlist by Motif Investing

Technological advancements and the demand for low-cost, fast trade executions could drive growth for electronic trading companies.

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Yahoo Finance Video 4 days ago

CME Group CEO on stock buyback regulation and Wall Street's reputation

CME Group posted fourth quarter earnings that beat expectations on Thursday and revenue that topped forecasts. Yahoo Finance’s Alexis Christoforous and Brian Sozzi speak to Terrence Duffy, CME Group CEO.
The Wall Street Journal 2 days ago

[$$] Big Three Stock Exchanges Sue SEC Over Trading-Fee Plan

In an unprecedented legal confrontation, the three biggest U.S. stock-exchange groups are taking on their own regulator to block an initiative that seeks to limit the fees they can charge for trading. Nasdaq Inc. and Cboe Global Markets Inc. on Friday sued the Securities and Exchange Commission in a federal appeals court to stop the regulator from carrying out the program, a day after the New York Stock Exchange filed a similar challenge. At stake is the Transaction Fee Pilot, which the SEC unanimously approved in December.
Reuters 2 days ago

Big U.S. exchanges to sue SEC over 'overreaching' fee experiment

The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders. "We disagree with the government overreach, and this really represents an unprecedented attempt by the SEC to distort the free market mechanisms that govern the competition among trading venues," Michael Blaugrund, head of transactions at NYSE, told reporters in New York on Friday. Intercontinental Exchange Inc's NYSE, Nasdaq Inc, and Cboe Global Markets, which together operate 13 of the 14 U.S. stock exchanges, each filed separate notices that they intend to sue the SEC.
Simply Wall St. 2 days ago

How Many Insiders Bought Canadian Metals Inc. (CNSX:CME) Shares?

Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! We often see insiders buying up sharesRead More...
Zacks 3 days ago

Schwab's (SCHW) January Metrics Show Sequential Improvement

While Schwab's (SCHW) total client assets at the end of January 2019 decrease 1% from the year-ago month, it witnesses 6% sequential growth.
The Wall Street Journal 3 days ago

[$$] ICE Wants to Bring First 'Speed Bump' to Futures Markets

A proposal to blunt the advantages of ultrafast traders in one corner of the futures market is threatening to shake up the high-frequency trading world. Inc., known as ICE, quietly unveiled a plan earlier this month to impose a three-millisecond “speed bump”—or brief delay—on some trades in gold and silver futures. The proposal is on pause after the Commodity Futures Trading Commission said Wednesday it would prevent the ICE plan from taking effect until further review.
Financial Times 3 days ago

[$$] Wall St maintains gains after Trump declares border emergency

President Donald Trump’s declaration of national emergency on Friday failed to dampen investors’ mood, with an averted government shutdown and trade talk optimism keeping US stocks afloat in early afternoon trading. The S&P 500 was 0.9 per cent higher and headed for its fifth gain in six sessions. The Dow Jones Industrial Average was up 0.9 per cent, but had been as much as 1.4 per cent higher, while the Nasdaq Composite added 0.5 per cent.
Motley Fool 3 days ago

BGC Partners Inc (BGCP) Q4 2018 Earnings Conference Call Transcript

BGCP earnings call for the period ending December 31, 2018.
Motley Fool 4 days ago

CME Group Inc (CME) Q4 2018 Earnings Conference Call Transcript

CME earnings call for the period ending December 31, 2018.
Reuters 4 days ago

CME Group tops profit estimates on higher market volatility

CME Group's fourth-quarter profit trounced Wall Street estimates on Thursday, as a broad market sell-off towards the end of the quarter prompted investors to rebalance their portfolios and boosted trading volumes. Fears of a U.S. slowdown and the U.S.-China trade war spiked market volatility in the quarter ended Dec. 31, which helped exchange operators such as CME and Cboe Global Markets Inc earn more from clearing and settling transactions. CME's average daily volume (ADV) surged 31 percent to 20.8 million contracts in the quarter, lifting clearing and transaction fees, its biggest revenue stream, 36 percent to $1.03 billion.
Yahoo Finance 4 days ago

CME Group CEO is 'not a proponent of' regulating stock buybacks

Stock buybacks are coming under increasing fire in Washington, DC. CME Group Chairman and CEO Terry Duffy weighs in on the issue with Yahoo Finance.
Zacks 4 days ago

CME Group (CME) Q4 Earnings and Revenues Beat Estimates

CME Group (CME) Q4 reflects increased volatility and higher customer demand for diverse risk management products driving strong trading volumes.
Zacks 4 days ago

Market Seems Happy to Wait... For Now

Market Seems Happy to Wait... For Now
Associated Press 4 days ago

BGC Partners: 4Q Earnings Snapshot

The New York-based company said it had a loss of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share. The brokerage company posted revenue of $466.4 million in the ...
Associated Press 4 days ago

Cowen: 4Q Earnings Snapshot

The company, based in New York, said it had earnings of 11 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share. The financial services company posted revenue of $259.9 ...
Zacks 4 days ago

CME Group (CME) Surpasses Q4 Earnings and Revenue Estimates

CME (CME) delivered earnings and revenue surprises of 1.14% and 6.56%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
Associated Press 4 days ago

CME: 4Q Earnings Snapshot

The Chicago-based company said it had profit of $1.09 per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $1.77 per share. The results topped Wall Street ...
Reuters 4 days ago

CME Group fourth-quarter profit rises 63 pct

Exchange operator CME Group Inc on Thursday reported a 63 percent rise in adjusted fourth-quarter profit, aided by strong growth in revenue from clearing and settling transactions. The company's adjusted ...
Zacks 4 days ago

E*TRADE's (ETFC) January DARTs & New Brokerage Assets Fall

Decline in net new brokerage assets and Daily Average Revenue Trades might adversely impact E*TRADE's (ETFC) financials, going forward.
Investing.com 4 days ago

CME Group Earnings, Revenue beat in Q4

Investing.com - CME Group (NASDAQ:CME) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The Wall Street Journal 4 days ago

[$$] How a Nasdaq Loophole Fueled One Stock’s Rise of 3,750%

A loophole in Nasdaq Inc.’s rules is under scrutiny after a roller-coaster ride in the stock of one small company highlighted how firms can go public without ample shares to trade. Phunware Inc., a software company planning to launch its own cryptocurrency, surged about 3,750% over six trading days to hit an intraday high of $550 a share on Jan. 10. Nasdaq’s rules require companies listed on the exchange to have at least one million publicly held shares.
TheStreet.com 4 days ago

CME Group Revenue Expected to Rise 33.4% to $1.2 billion

is expected to report earnings of $1.73 a share on sales of $1.2 billion before the market opens Feb. 14, based on a FactSet survey of 15 analysts. The stock has risen 0.8% since the company last reported earnings on Oct. 25. Quarterly estimates have risen less than 1 cent a share in the past month.
Bloomberg 4 days ago

‘Flash Boys’-Style Speed Bump Planned for Futures Markets

The Atlanta-based exchange plans a 3-millisecond trading delay, or speed bump, for its gold and silver futures contracts, according to a regulatory filing. Michael Lewis’s 2014 book, “Flash Boys,” popularized the idea of using speed bumps to curb the light-speed pace of modern financial markets and prevent alleged abuses of so-called high-frequency traders. Lewis’s protagonists, the founders of IEX Group Inc., introduced a delay on their stock exchange in 2016, and a tiny equities market ICE owns, NYSE American, also has one.
Zacks 5 days ago

Global Payments' (GPN) Q4 Earnings Top Estimates, Rise Y/Y

Global Payments' (GPN) fourth-quarter earnings ride on the back of robust revenues and reduced costs.