Intercontinental Exchange (ICE) Tops Q3 EPS by 4c, Revenues Beat

NYSE-owner ICE third-quarter profit beats, helped by mortgage tech deal

October 29, 2020 7:42 AM EDT

By John McCrank and Niket Nishant

(Reuters) - New York Stock Exchange owner Intercontinental Exchange Inc (NYSE: ICE) on Thursday reported third-quarter profits that beat expectations, helped by its recent $11 billion acquisition of mortgage technology platform Ellie Mae, and financial data sales.

ICE bought Ellie Mae to strengthen its position in mortgage servicing, having made two other deals in the space in recent years, with a... More

Analysis: Exchanges, retail brokers, say they are ready for any post-U.S. election volatility

October 29, 2020 6:05 AM EDT

By John McCrank

NEW YORK (Reuters) - Exchanges and retail brokers, under scrutiny after recent outages within their industries, have spent months planning for Election Day. Now their preparations, for what could be a highly volatile trading period, are about to be put to the test.

Earlier this month, glitches at Euronext (NYSE: ENX) impacted trading in several European countries and a hardware failure at the Tokyo Stock Exchange caused the worst-ever outage for the world's third-largest equity market. In August, cyberattacks hit New Zealand's stock exchange (NYSE:... More

S&P financials index may be bruised but not without bright spots

October 28, 2020 5:10 PM EDT

By Sinéad Carew

(Reuters) - Financial stocks have lagged the broader equity market since the start of the year and since the late March crisis-low. But not all stocks are created equal in the S&P index that tracks the industry, which is down 23% year-to-date.

In fact, so far in 2020, the lead performers of the S&P 500 Financial sector have even outperformed the high-flying Nasdaq , which is up almost 23% year-to-date. The S&P 500 is up 1%, and the Dow is down 7% for the year so far.

The sector's wide performance disparity stems partly from low... More

Airbnb says it intends to list its common stock on Nasdaq

October 27, 2020 11:39 AM EDT

Airbnb, Inc. announced today that it intends to list its common stock on Nasdaq versus the NYSE.

The company has not indicated timing on the IPO or a ticker symbol.

In August, the company confidentially submitted a draft Registration Statement on Form S-1 to the Securities and Exchange... More