Friday, October 14, 2011

ICE Chief Sees Antitrust Issue for S&P/Dow Jones Tie-Up; Nasdaq Announces Buyback

The head of the IntercontinentalExchange (NYSE:ICE) reportedly thinks a deal to merge the S&P 500 and the Dow Jones Industrial Average could raise antitrust issues.

According to a MarketWatch report, CEO Jeff Sprecher said in an interview that a potential deal raises interesting competition issues.

McGraw-Hill (NYSE:MHP) and CME Group (NASDAQ:CME) have reportedly been in negotiations to combine the Standard & Poor's stock indices with the Dow Jones indices.

A combination could raise issues for the derivatives industry, Sprecher told MarketWatch.

Elsewhere in the exchanges industry, Nasdaq OMX (NASDAQ:NDAQ) said its board of directors has approved a $300 million common stock repurchase program.

Nasdaq OMX also said it plans to make a $109 million incremental debt prepayment in addition to its $11 million mandatory quarterly repayment in the fourth quarter quarter.

For MarketNewsVideo.com, I'm Kristin Bianco.

ICE Chief Sees Antitrust Issue for S&P/Dow Jones Tie-Up; Nasdaq Announces Buyback pictureAll videos » MNVAny ideas and opinions presented in all Market News Video clips are for informational and educational purposes only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

View the original article here



Fujitsu Computer Systems Corporation

No comments:

Post a Comment