|Bid||104.04 x 1200|
|Ask||104.08 x 1400|
|Day's range||103.21 - 104.46|
|52-week range||75.49 - 106.23|
|Beta (3Y monthly)||0.66|
|PE ratio (TTM)||32.94|
|Forward dividend & yield||1.88 (1.81%)|
|1y target est||N/A|
Cboe Global Markets said on Tuesday it would take full control of EuroCCP, Europe's largest clearing house for stock trades, to bolster its post-Brexit base in Amsterdam and diversify into derivatives. It is the latest deal in a rapidly consolidating market where the Swiss Exchange has bid for its Madrid counterpart and the London Stock Exchange is buying financial market data company Refinitiv. Cboe, the biggest pan-European share trading platform, already owns 20% of EuroCCP.
(Bloomberg) -- Robots have replaced thousands of routine jobs on Wall Street. Now, they’re coming for higher-ups.That’s the contention of Marcos Lopez de Prado, a Cornell University professor and the former head of machine learning at AQR Capital Management LLC, who testified in Washington on Friday about the impact of artificial intelligence on capital markets and jobs. The use of algorithms in electronic markets has automated the jobs of tens of thousands of execution traders worldwide, and it’s also displaced people who model prices and risk or build investment portfolios, he said.“Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs -- not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the U.S. House Committee on Financial Services.During the almost two-hour hearing, lawmakers asked experts about racial and gender bias in AI, competition for highly skilled technology workers, and the challenges of regulating increasingly complex, data-driven financial markets.Other comments from the hearing:Kirsten Wegner, chief executive officer, Modern Markets Initiative:“As bad actors become more sophisticated, it is vital that financial regulators have the funding resources, technological capacity and access to AI and automated technologies to be a strong and effective cop on the beat.”Martina Rejsjö, head of Nasdaq Surveillance North America Equities, Nasdaq Inc.:Nasdaq runs more than 40 different algorithms, using about 35,000 parameters, to look for market abuse and manipulation in real time.“The massive and, in many cases, exponential growth in market data is a significant challenge for surveillance professionals,” she said. “Market abuse attempts have become more sophisticated, putting more pressure on surveillance teams to find the proverbial needle in the data haystack.”Rebecca Fender, senior director, CFA Institute:Forty-three percent of CFA members and candidates expect their roles to change significantly in the next five to 10 years, according to a survey of more than 3,800 respondents. The three roles most likely to disappear are sales agents, traders and performance analysts.Charlton McIlwain, professor of media, culture and communication at New York University:“Racial groups that are already extremely underrepresented in the financial services industry will be most at risk in terms of automation and the escalation of fintech development. This is especially true given the vast underrepresentation of African-Americans and Latinx in the adjacent technology sector workforce.”To contact the reporter on this story: Lananh Nguyen in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Daniel Taub, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- The New York Stock Exchange will let companies raise capital through a primary share sale alongside direct listings.The proposal would enable a company that chooses a direct listing to also raise capital in an opening auction on the first day of trading, provided it sells a minimum of $250 million in market value of shares, NYSE said Tuesday in a filing with the U.S. Securities and Exchange Commission.Direct listings have been touted by Silicon Valley startups and venture capital firms in recent months as an alternative to initial public offerings.“We’re always looking to evolve our offerings to meet the demands of the marketplace,” John Tuttle, NYSE’s vice chairman and chief commercial officer, said by phone. Still, “we don’t think this is going to displace the traditional IPO, we just want to create another pathway for companies to come to the public market.”Under a direct listing, a company makes its shares available for trading on a stock exchange without the formalities of a traditional IPO. That means no road show, no underwriter and no offering price, Tuttle wrote in a blog post in June. Slack Technologies Inc. and Spotify Technology SA have taken that route.NYSE’s rival, Nasdaq Inc., is working with the SEC on the potential for companies to raise capital via a direct listing, Nelson Griggs, president of the Nasdaq Stock Exchange, said at an event last week.\--With assistance from Rachel Evans.To contact the reporter on this story: Lananh Nguyen in New York at email@example.comTo contact the editors responsible for this story: Michael J. Moore at firstname.lastname@example.org, Steve Dickson, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nasdaq’s Quandl, a leading alternative data provider, today launched the E-Commerce Intelligence (ECI) dataset, which allows investors to track product-level e-commerce transactions on a near real-time basis. The exclusive dataset follows the day-to-day transactions of 800 brands and 500 companies across more than 350 e-retailers in North America and EMEA, capturing US$15 billion worth of product sales annually.
Zacks.com featured highlights include: Medtronic Public, Arconic, Nasdaq, Hewlett Packard and Target
Investors target stocks that have been on a bullish run lately. Stocks seeing price strength have a high chance of carrying the momentum forward.
PARIS/ZURICH, Nov 18 (Reuters) - Pan-European stock market operator Euronext and Switzerland's SIX sparked a bidding war for Spain’s Bolsas y Mercados Espanoles (BME) on Monday, with both trying to snap up one of Europe’s last standalone stock exchanges. SIX made a friendly all-cash offer for the Spanish bourse, whose shares jumped by more than a third in early trading, while Euronext said it was in talks with BME with a view to a potential bid, without saying how much it was prepared to pay. With European sector leaders Deutsche Boerse and London Stock Exchange (LSE) effectively too big to consolidate without raising serious competition concerns, mergers are focused on smaller players, with Euronext having already scooped up the Dublin and Oslo exchanges.
Baidu, Live Nation Entertainment, CME, MarketAxess and Nasdaq highlighted as Zacks Bull and Bear of the Day
Ronan Dunne talks to Yahoo Finance UK about how the company is planning to gain more customers and its further integration with Verizon Media.
Nasdaq (NDAQ) delivered earnings and revenue surprises of 4.96% and 0.38%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
In recent weeks, online brokers, including Charles Schwab Corp , TD Ameritrade Holding Corp and Interactive Brokers Group Inc , have slashed trading commissions to zero for stocks and exchange traded funds. "We actually see some opportunity that could come on the back of that," Nasdaq Chief Executive Officer Adena Friedman said on a call with analysts following the company's third-quarter earnings announcement.
A low interest rate regime, moderate economic growth, slowdown in other global economies might have dampened earnings for Finance stocks in Q3.
Nasdaq's (NDAQ) third-quarter earnings are likely to have benefited from expansion of index and analytics businesses, growth in exchange data products across U.S. and Nordic equities.