Posts tagged NYX

Why Does the Stock Business Stink?

With all the exchange merger mania, it pays to think about their different lines of business.  Why does an exchange like the $NDAQ have such a low PE, and an exchange like the $ICE have a significantly higher PE?   …






Hostile Bid For NYX

Proving that it’s all about derivatives, $CME might be contemplating a hostile bid for $NYX. I didn’t put hostile takeovers into my calculus on exchange mergers, but it’s a good play. CME has been on the opposite side of this, …






Mergers and Exchanges on Stocktwits TV

talking $CME, $ICE, $NDAQ, $NYX, $CBOE with Howard Lindzon on Stocktwits. For a slightly different take on the merger, click here and here for a link to Themis Trading.  They make some good points on regulation, server farms and HFT …






Mergers in the Exchange Space

Yesterday the exchange space was ruffled by the two announced mergers, TMX and LSE, and NYX and Deutsche Borse.  It’s always interesting to play “As the Exchange Turns” to see what’s next. Andy Kessler recently wrote a great book “Eat …






Innovation in the Exchange Space

ELX is whining again.  Are they even relevant? Why waste ink, or precious bandwidth on them?  This is an exchange that cries to the government every time they want to start a new business.  I think they call that “crony …






Computers Suck-Or do They?

My last post excoriated the way computers, and the computerization of certain marketplaces have changed the tenor of the marketplace.  The change has been bad for the best interest of the markets.  Exchanges, and the traders that participate in the …






Lean Hogs Jump- Computerized Trading Ruining Marketplace

The Lean Hogs futures at $CME jumped 157.5 points on one trade on the screen. At 9:15 am CT, the market was trading .7570, the next published trade was .7727. Just to let you know how much money that is, …