IntercontinentalExchange, Inc. (ICE) reported its third quarter results yesterday.

The company swung to a GAAP net income of $86.9 million or $1.18 per share from a net income of $75 million or $1.04 in the year-ago period. Results came in 3 cents ahead of the Zacks Consensus Estimate of $1.15.

The quarterly results benefited from position limitations on speculators, sweeping regulatory reforms, lower expenses and record futures trading. The upside was also attributable to growth in the company’s core businesses, significant progress from new initiatives and stronger margins.

The company could benefit as more over-the-counter contracts are exchange-traded and cleared, but could suffer if U.S. regulators impose new commodity-market position limits.

Net revenues increased 27.2% year over year to $256.3 million. The growth was primarily attributable to 34% increase in consolidated transaction and clearing fee revenues in the quarter driven primarily by new products, strong trading volumes in ICE's futures and OTC energy segments, continued

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NYSE Euronext Inc. (NYX) reported third-quarter results on Friday.  The company swung to a GAAP net income of $125 million or 44 cents per share from a GAAP net loss of $182 million in the prior quarter and a net income of $174 million or 66 cents in the year-ago period. Results included one-time charge related to merger expenses and exit costs, the impact of the disposition of Hugin Group B.V., the sale of investments in BM&F Bovespa and a fair value adjustment to investment in BIDS Holdings L.P.  Excluding these charges, pro forma earnings per share came in at 53 cents, beating the Consensus forecast by more than 18%, or 8 cents. The upside was attributable to growth in the company’s core businesses, significant progress from new initiatives which offset lower trading volumes.  Net revenue increased 2.1% sequentially but slipped 13.8% year over year ...

 

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Wednesday September 9, 2009

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IntercontinentalExchange, Inc.(R) (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced today the introduction of 43 new OTC cleared energy contracts for North American electricity, natural gas, natural gas liquids and oil. ICE plans to make these OTC swaps and options available for

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NYSE Euronext (NYX) reported second-quarter results before the opening bell today.

The company swung to a GAAP net loss of $182 million, against net income of $195 million in the year-ago period. The loss was caused by a one-time charge of $442 million related to termination of a contract with LCH.Clearnet and planned job cuts.

Excluding this charge, pro forma earnings per share came in at 51 cents, beating the consensus forecast by more than 13%, or 6 cents.

The transatlantic exchange, which operates across 6 cash equities exchanges in 7 countries and 8 derivatives exchanges, offers trading, clearing and settlement in equities, futures, options, fixed-income and exchange-traded products.

The company stated that net revenues slipped 13.6% year over year to $611 million, which fell short of the consensus estimate by 2%. The decline was attributable to foreign currency fluctuations, price cuts in the U.S. and European markets and sluggish volume in

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Air Liquide SA (AIQUY) AMB Property Corp (AMB) American Capital Agency Corp (AGNC) American Public Education Inc (APEI) Artesian Resources Corp (ARTNA) Bayer AG (BAYRY) Brigham Exploration Co (BEXP) British American Tobacco (BTI) Cadbury Plc (CBY) Capitol Federal Financial (CFFN) Cardtronics Inc (CATM) Corrections Corporation of America (CXW) DBS Group Holdings Ltd (DBSDY) Dr Reddy's Laboratories Ltd (RDY) Flamel Technologies SA (FLML) Flanders Corp (FLDR) Franklin Resources Inc (BEN) Genesco Inc (GCO) GlaxoSmithKline Plc (GSK) HDFC Bank Ltd (HDB) Hellenic Telecom Organization SA (OTE) Henkel AG & Co KGAA (HENKY) HMS Holdings Corp (HMSY) Iconix Brand Group Inc (ICON) Ingram Micro Inc (IM) IntercontinentalExchange Inc (ICE) Longtop Financial Technologies ...

Shares of IntercontinentalExchange Inc. (ICE) have gained more than 4.5% today, after recording 11% growth in average daily volume (ADV) for May.

The exchange said ADV expanded to 967,182 contracts last month, driven by a sharp 66% rise in US futures partially offset by an 8% decline in Europe futures.

ICE also said total futures volume grew 6% to 20.1 million contracts during May, compared to the same month last year.

The full-year consensus estimate has moved up 3.5% over the past month to $4.39 per share as 13 out of 14 covering analysts boosted expectations.

ICE, a Zacks #3 Rank ("Hold") stock, is trading on volume of approximately 1.7 million, which is lower than the average daily volume of about 2.7 million.

"ICE" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Highlights include American International Group, Inc. (AIG), CME Group, Inc. (CME) and IntercontinentalExchange, Inc. (ICE).Last evening, the Treasury unveiled its proposal for a comprehensive regulatory framework for all Over-The-Counter (OTC) derivatives. The details of the proposal can be seen here.These OTC derivatives, include credit default swaps that caused the near-collapse of AIG (AIG) and led to the $180 billion government bailout of the company. These derivates have largely remained largely outside the regulatory framework, though their market has exploded in recent years.Among other things, the proposals mainly require all derivatives to be centrally cleared through regulated central counterparties (CCP) and all OTC derivative dealers (having large exposures) to be subject to capital and reporting requirements.The proposals intend to make the trading of derivatives more transparent and also give regulators the ability to limit the amount of ...