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IntercontinentalExchange, Inc.

  • Multi-Billion Investment Group's Top Picks

    By Meena Krishnamsetty - May 22, 2013 | Tickers: DHR, ICE, MIC, TPX, WMB

    Doug Silverman's Senator Investment Group has filed its 13F with the SEC, disclosing many of its long equity positions as of the end of March. We track these filings for a variety of purposes: we have found that they can be a useful source of information for investing strategies (for example, the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points more »

  • From London To Dubai, This Fund Is Bullish

    By Meena Krishnamsetty - May 22, 2013 | Tickers: C, HIG, ICE, SLM, BX

    Toscafund Asset Management is an asset manager based in London and Dubai. The firm was founded in 2000 by Martin Hughes and is part of Old Oak Group. The fund recently filed its first quarter 13F with the SEC, describing some of its main investments during the first three months of 2013. A quick look at Toscafund’s top five equity positions is a good place to start. See the more »

  • A Special Situation Among Exchanges You Can Profit From

    By Mike Thiessen - April 18, 2013 | Tickers: CME, ICE, NYX

    Intercontinental Exchange (NYSE: ICE) entered into an agreement to merge with NYSE Euronext (NYSE: NYX) in December. The deal is on track, but still has some regulatory hurdles to overcome. In addition to potential benefits from the merger, ICE’s exposure to interest rate swaps can also lead to increased earnings power going forward.

    Acquisition of NYSE Euronext

    On the 4Q12 earnings call, management provided an update on the status more »

  • Special Situation Among Exchanges

    By Mike Thiessen - April 16, 2013 | Tickers: CME 130518C00060000, ICE, NYX

    Intercontinental Exchange (NYSE: ICE) entered into an agreement to merge with NYSE Euronext (NYSE: NYX) in December. The deal is on track but still has some regulatory hurdles to overcome. In addition to potential benefits from the merger, ICE’s exposure to interest rate swaps can also lead to increased earnings power going forward.

    Acquisition of NYSE Euronext

    On the 4Q12 earnings call, management provided an update on the status more »

  • Recent Acquisitions Mask These Companies' Earning Power

    By Ted Cooper - April 15, 2013 | Tickers: CME 130518C00060000, ICE, NDAQ

    Consolidation among financial exchanges has changed the industry landscape. When one exchange tried to merge with another, the floodgates were opened and each company tried to get as big as possible so that they could remain competitive with the mega-exchanges.

    For instance, CME Group (NASDAQ: CME) acquired CBOT and Nymex at rich valuations, while IntercontinentialExchange (NYSE: ICE) merged with NYSE Euronext. Meanwhile, Nasdaq acquired OMX to form NASDAQ OMX Group more »

  • What's the Trade for This Trader?

    By Marshall Hargrave - April 7, 2013 | Tickers: CBOE, CME 130518C00060000, ICE, NDAQ, NYX

    Investors in NASDAQ OMX Group (NASDAQ: NDAQ) took a big hit this week, with the stock sinking almost 14% on the news that the trading platform company will purchase eSpeed. The company plans to shell out $750 million in cash plus another $450 million in contingent stock issuances to buy the U.S. Treasury electronic-based trading unit, eSpeed, from BGC Partners. 

    However, are the long-term benefits outweighing the short-term pressures more »

  • 3 Financial Stocks That Are Headed Higher

    By RyanGlosier - March 24, 2013 | Tickers: HHC, ICE, LM, NYX

    The stock market has staged a strong rally so far in 2013, and more gains could be on the way for investors. The market looks to be in a sweet spot, with the Federal Reserve and other central banks continuing to provide accommodative monetary policy, even as the economy strengthens and confidence returns. At the same time, equity valuations remain reasonable and deal activity has picked up during the first more »

  • Growing Popularity and 24-Hour Trading on the Way

    By Matthew Frankel - February 5, 2013 | Tickers: CBOE, ICE, NDAQ

    CBOE Holdings, (NASDAQ: CBOE) which operates the largest options exchange in the United States, has done very well in recent years.  In fact, the company has exceeded analysts’ expectations in 8 of the last 9 quarters.  As a result, shareholders have been handsomely rewarded.  Since the “streak” of good quarters began, shares have risen from a low of $19.60 to the current level of around $34.00, a gain more »

  • Did Mr. Buffett Really Want the NYSE?

    By Robert Hanley - February 5, 2013 | Tickers: CME 130518C00060000, ICE, NYX

    Media outlets recently reported that Berkshire Hathaway made a bid for NYSE Euronext (NYSE: NYX) last year.  The owner of the iconic New York Stock Exchange ended up being acquired by IntercontinentalExchange (NYSE: ICE) in December 2012 for roughly $8.2 billion.  The acquisition is the latest in a string of purchases for Intercontinental, as it seeks to increase market share against rival CME Group (NASDAQ: CME), the owner of more »

  • CME Group: Will Futures Keep Gaining Popularity?

    By Matthew Frankel - February 1, 2013 | Tickers: CME 130518C00060000, ICE, NDAQ

    The largest futures exchange in the world, CME Group (NASDAQ: CME) came to be in 2007, when the Chicago Mercantile Exchange and CBOT holdings merged.  Anyone who invests regularly (or watches CNBC, for that matter) can tell you how relevant futures and options have become over the past decade or so.  All of the major discount brokerages have begun offering futures trading to those clients who are adventurous enough to more »

  • The Merging of Exchange Powerhouses

    By Mike Thiessen - January 28, 2013 | Tickers: CME 130518C00060000, ICE, NYX

    In a December 20, 2012 announcement, commodities exchange powerhouse IntercontinentalExchange (NYSE: ICE) announced its formal intention to purchase New York Stock Exchange operator NYSE EuroNext (NYSE: NYX) for approximately $8.2 billion. The complicated cash-and-stock deal offer provides current NYSE shareholders with three distinct options. Each option values NYSE EuroNext at about $33.12 per share. Although such a high-profile merger will certainly attract regulatory scrutiny, it appears that this more »

  • Selling America's Corporate Legends

    By Reuben Brewer - January 8, 2013 | Tickers: BUD, ICE, NYX

    The recent announcement that The New York Stock Exchange was set to be sold to the Intercontinental Exchange continues a long-term trend of American legends being sold away. While mergers and acquisitions are the norm on Wall Street, the emotional impact of such shifts can be bigger on main street than many believe.

  • Exchange Merger Mania!

    By aakanksha patodia - December 31, 2012 | Tickers: CME 130518C00060000, ICE, NYX

    In October 2012, Jeff Sprecher, chief executive of upstart IntercontinentalExchange (NYSE: ICE), approached NYSE Euronext (NYSE: NYX) CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London.

    As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion (5 billion pounds) deal announced on Dec. 20.

    The deal will link up the two most powerful more »

  • One Great Merger-Arbitrage Opportunity

    By Meena Krishnamsetty - December 21, 2012 | Tickers: CBOE, CME 130518C00060000, ICE, NDAQ, NYX

    NYSE Euronext (NYSE: NYX) is up over 35% this year on the news that IntercontinentalExchange (NYSE: ICE) will buy the trading solutions company for $8.2 billion or $33.12 per share. With the NYSE's stock trading at only $32.20, there appears to be a merger-arbitrage opportunity. Merger-arbitrage is a strategy commonly employed by hedge funds when there is reasonable certainty that a deal will close. Assuming it more »

  • A Behemoth Market Operator in the Making

    By Daniel James - December 21, 2012 | Tickers: ICE, NYX

    Merger and acquisitions talks between major exchange makers have been brewing for a while now, but we may now finally have a deal on the table. It was announced this week that IntercontinentalExchange, or ICE (NYSE: ICE), has made a bid for NYSE Euronext (NYSE: NYX), which is likely to gain regulatory approval. The deal, which is one of the largest in the stock exchange space since NYSE merged with more »

  • Two Tragic Reasons Why Investors Love the Fed

    By Evan Buck - September 14, 2012 | Tickers: AMZN, AAPL, FB, IND, ICE

    After the Federal Reserve recently announced that it would start another round of stimulus spending to the tune of $40 billion a month, the Dow Jones Industrial Average (DJINDICES: ^DJI) rocketed 200 plus points on Thursday, 9/13/2012, while the S&P 500 Index shot up 23 points. It’s clear that Wall Street investors are happy about this news, even as the Middle East is going up in flames.  This event and other similar ones like it beg the question: why do investors apparently love the Fed?  The exhaustive answer is not simple, but there are two overarching concepts that play a crucial role in shaping investor sentiments on the Fed’s activities.

  • Currency Wars Heat Up

    By Peter Pham - May 29, 2012 | Tickers: CME 130518C00060000, FXY, ICE, GLD | Editor's Choice

    I don’t know about you but to me events seem to be accelerating as we hurtle along toward what feels like another crisis point.  These are historic times we are living through as the global monetary system undergoes realignment.  The last time something like this happened World Wars I and II were fought and the global banking system moved its center from London to New York.

    Some of the more »

  • Speed Trading Expands Growth for ICE

    By dpricevan - February 15, 2012 | Tickers: BAC, ICE

    If the securities market were a dysfunctional family, high-frequency trading would be its evil genius’ cousin.

    Company valuations are giving way to computational probabilities.  The scope of investing in corporate stocks- from possessing research savvy to having investment skills - is being reduced to statistical un-biases, void of basing any decision on human emotion and God-given intuition.  Investment gurus are being replaced by mathematical wizards. 

    These are the sentiments of those more »

  • Is the CME Group Undervalued?

    By Robert Fisher - January 28, 2012 | Tickers: CME 130518C00060000, ICE, NDAQ, NYX

    It is hard to get a handle on why the share value of the CME Group (NASDAQ: CME) has been in a year-long slide. The spectacular blowup and bankruptcy of MF Global during the last two months of 2011 do not help the perception of the futures markets, but the CME share value had been in a general decline for 11 months prior to that event. The CME Group is more »