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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...
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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 $ICE have a significantly...
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Exchanges, NASDAQ and ICE bid to scuttle Deutsche Borse
This morning, the anti-climactic bid from NASDAQ($NDAQ)+ICE ($ICE) hit the street. Virtually everyone knew they were going to make a bid, the question was how much. This is a very different situation...
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NYSE Rejects NASDAQ, ICE in favor of Sauerbraten
As expected, the NYSE Board rejected the NASDAQ offer to buy them. Anyone that thought the NASDAQ would come in an sweep the NYSE off their feet from their expected nuptials with the DeutscheBorse was...
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Breakfast Links
President Obama attacks speculators. His health apparatus tries to replace a CEO. The NLRB tries to tell Boeing how to run its business. Wayne Allen Root has an opinion. In the mood for another flash...
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Do We Need Stock Exchanges?
Andy Kessler wrote a provocative editorial today in the WSJ. It talked about how technology has made the stock exchange meaningless. He makes some great points, but there are some points that really...
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Happy Monday Breakfast Links
If you didn’t see the Bulls/Heat game, you missed some great defense by both teams. This series will be a war, even though the Bulls won this by 21. They blew it open with 7 min to go in the third...
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NASDAQ and ICE Pull Their Bid for NYSE
Bratwurst and Wienerschnitzel will be in vogue on Wall Street. Hoist a Beck’s and sing some “Edelweiss”. The two American exchanges pulled their bids for the NYSE. This is a big win for the Deutsche...
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Will CME Move out of Illinois?
At the $CME shareholder meeting last week, there were a lot of questions asked after the presentation by management. I stood up and asked the question everyone is still yammering about today; ”Since...
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Ways Dodd-Frank Will Increase Food Prices
Bet you thought Dodd-Frank was just designed to go after those greedy banks on Wall Street didn’t you? Well, there are always unintended consequences of regulation. Dodd-Frank is one of the worst bills...
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