International Securities Exchange Holdings Inc. today reported record third quarter earnings, up 66.3% to US$14 million.Total revenues for the quarter increased 30.3% to US$50.1 million versus US$38.4 million in the prior year. Gross margin, or total revenues less cost of revenues, increased 31.8% to US$44.5 million from US$33.7 million in the third quarter of 2005. […]
Jointly owned unit to trade structure products
The NYSE Group Inc. and Euronext NV say they are open to a merger with other European exchanges. In response to a press release issued by Deutsche Borse AG on Friday indicating that it has unilaterally decided to notify the European Commission of its intention to acquire Euronext, the exchanges issued a statement of their […]
Consoldiation would offer advantages
The Tokyo Stock Exchange Inc. and the Korea Exchange Inc., signed a memorandum of understanding on a so-called “ Market Alliance Project” , which will see them collaborate to facilitate more cross-border capital flows.The purpose of the MOU is to set forth a framework in which the two exchanges will cooperate with each other, “ […]
Brokerage firms to get a voice on board of directors
Many forms of cross-border mergers would not result in mandatory registration of a non-U.S. exchange
Brazilian exchange to close early when soccer team plays
Competition watchdog signs off
Exchange proposes merger of equals