Core Insights - The Zacks Securities and Exchanges industry is benefiting from a diversified product portfolio, increased trading volumes, and the adoption of crypto assets, with companies like Intercontinental Exchange (ICE), CME Group (CME), Nasdaq Inc. (NDAQ), and Cboe Global Markets (CBOE) expected to gain from these trends [1][3]. Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodity contracts, generating revenue from fees and providing data and listing services [2]. - The industry is experiencing a rise in crypto asset adoption, but companies must navigate various regulatory requirements [2]. Trends Shaping the Industry - Trading volume is driven by volatility, with transaction and clearing fees being significant revenue sources. A pro-crypto environment under Trump's potential second term is expected to further increase trading activity [3]. - The securities exchanges market is projected to reach $49.6 billion by 2028, growing at a CAGR of 12.1% [3]. - Mergers and acquisitions are on the rise as companies seek to enhance growth through strategic partnerships and technology acquisitions [4]. - Continuous investment in technology, particularly in AI and blockchain, is crucial for improving trading efficiency and reducing risks [5]. Industry Performance - The Zacks Securities and Exchanges industry ranks 10, placing it in the top 4% of 251 Zacks industries, indicating strong near-term prospects [6][7]. - The industry has outperformed the broader Zacks Finance sector and the S&P 500, gaining 17.3% year-to-date compared to the sector's 3.9% increase and the S&P 500's decline of 1.8% [10]. Valuation Metrics - The industry currently trades at a trailing P/E of 24.69X, higher than the S&P 500's 21.36X and the sector's 16.03X, with historical trading ranges between 19.02X and 27.94X over the past five years [13]. Company Highlights - **Intercontinental Exchange (ICE)**: A leading global operator with a strong portfolio and risk management services, expected to benefit from digitization in the mortgage industry. EPS estimates for 2025 and 2026 indicate year-over-year increases of 14.3% and 10.7%, respectively [17][18]. - **CME Group (CME)**: The largest futures exchange globally, focusing on expanding product offerings and strong liquidity, with EPS estimates for 2025 and 2026 showing increases of 8.7% and 3.3% [21][22]. - **Cboe Global Markets (CBOE)**: A major stock exchange operator with a growing product line and recurring revenues, projecting EPS increases of 9.8% and 6.2% for 2025 and 2026 [25][26]. - **Nasdaq (NDAQ)**: A key provider of trading and marketplace technology, focusing on non-trading revenue growth, with EPS estimates for 2025 and 2026 indicating increases of 13.1% and 11.7% [29][30].

Meeting with Intercontinental Exchange Inc's ICE top management indicated that the company is poised for durable earnings growth of more than 10%, "with healthy momentum” across its three business segments, according to Goldman Sachs.The Intercontinental Exchange Analyst: Analyst Alexander Blostein maintained a Buy rating.The Intercontinental Exchange Thesis: The company is poised to benefit from structural shifts in the energy segment and improving growth in mortgage, Blostein said in the note.Check out ot ...

Amendment to Euronext’s liquidity contract Amsterdam, Brussels, Dublin, Lisbon, Milan, Oslo and Paris – 27 May 2025 – Euronext N.V. today signed an amendment to the liquidity contract entered into with Rothschild Martin Maurel on 7 February 2018, in accordance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014, Commission Delegated Regulation (EU) 2016/908 of 26 February 2016, Articles L. 225-209 et seq. of the French Commercial Code, AMF Decis ...

迪拜，阿联酋, May 27, 2025 (GLOBE NEWSWIRE) -- 全球领先的加密货币交易所和 Web3 公司 Bitget 于 5 月 2 日在迪拜震撼呈现 Karate Combat KC54 赛事，打造现场专享观赛体验，为 Token2049 注入澎湃激情！ 拳拳到肉的超燃对轰，VIP 尊崇礼遇，一场激情四溢的格斗之夜，连区块链也为之颤抖。 今年，Bitget 全面升级体验，为加密货币爱好者打造沉浸式尊享之旅，带领他们直击赛事核心，畅享巅峰激情。 Bitget 受人尊敬的贵宾们在专为 Bitget 关键意见领袖和特别来宾预留的 VIP 专区中，一边品味美食佳酿，一边近距离观赏世界顶尖格斗选手的激烈较量。 总共有 4,000 至 5,000 名激情澎湃的格斗迷齐聚迪拜顶级场馆，现场气氛爆棚，燃爆全场。 Bitget 首席运营官 Vugar Usi Zade 精准诠释了本次赛事的精神：“加密货币交易与格斗运动需要具备同样的素质——快速反应、战略思维，以及钢铁般的意志。 我们非常高兴能为社区成员带来这次独家体验，让大家近距离感受世界级赛事的震撼与精彩。 无论是分析图表，还是钻研格斗技巧，这里 ...

Core Viewpoint - Coinbase Global, Inc. experienced a significant cybersecurity incident that led to a 7% drop in share price, raising concerns about its internal controls and disclosure processes [1]. Group 1: Cybersecurity Incident - On May 15, 2025, Coinbase disclosed a material cybersecurity incident where a threat actor accessed personal information of nearly 70,000 customers [4]. - The company reported that the threat actor claimed to possess customer account information and internal documentation, allegedly obtained by paying contractors or employees to extract data from Coinbase's systems [5]. - Estimated costs for remediation and customer reimbursement could reach $400 million [5]. Group 2: Investigation and Legal Actions - Hagens Berman has initiated an investigation into potential securities law violations related to Coinbase's claims about its security measures and controls [2][3]. - The investigation is focused on whether Coinbase misrepresented its security controls and delayed disclosing the cybersecurity incident [6]. - Reports indicated that rival exchanges Binance and Kraken were targeted by similar hacks but managed to protect customer data, raising further questions about Coinbase's security adequacy [6]. Group 3: Investor Actions - Investors who suffered substantial losses are encouraged to submit their losses to assist in the investigation [2][7]. - Whistleblowers with non-public information regarding Coinbase are urged to consider their options to aid in the investigation, with potential rewards under the SEC Whistleblower program [7].

A month has gone by since the last earnings report for CME Group (CME) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is CME due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out, estimat ...

Core Points - The Hong Kong Stock Exchange (HKEX) announced an increase in the position limits for futures and options products related to the Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Tech Index, effective from July 2, 2025 [1][2] - The new position limits will be 15,000 for the Hang Seng Index (up from 10,000), 25,000 for the Hang Seng China Enterprises Index (up from 12,000), and 30,000 for the Hang Seng Tech Index (up from 21,000) [2] - The Securities and Futures Commission of Hong Kong (SFC) published a consultation summary in April 2025, indicating strong market consensus on the need for increased position limits to enhance market liquidity and hedging efficiency [1][2][3] Market Development - HKEX has been working to develop Hong Kong's derivatives market into a global risk management center, having previously raised position limits for stock derivatives in December 2023 [3] - In 2024, the average daily trading volume of stock options in Hong Kong exceeded 733,000 contracts, representing an increase of nearly 20% compared to 2023, while the average open interest for stock options also rose by approximately 12% during the same period [3] Market Growth Factors - The SFC's earlier consultation document highlighted that the determination of position limits must consider market size and growth, noting significant growth in the Hong Kong stock market over the past decade, driven by an increase in the number of large-cap listings [6] - The market capitalization of the Hang Seng Index and Hang Seng China Enterprises Index increased by approximately 60% and 250%, respectively, over the past ten years, with average daily trading volumes for their constituent stocks rising by about 160% and 300% [6]

A rise in trading volumes, given significant volatility, product expansion through prudent acquisitions and the increased adoption of a greater number of crypto assets are expected to benefit exchange behemoths — CME Group (CME) and Intercontinental Exchange (ICE) .Increased focus on expanding non-trading revenue streams, including market technology, listings, and information services, infuses dynamism in the business profile of the industry players. Moreover, President Trump's stance on crypto is a positiv ...

IntercontinentalExchange (ICE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the syst ...

Core Viewpoint - Nasdaq and the Philippine Stock Exchange (PSE) are enhancing their technology partnership by upgrading PSE's trading infrastructure to Nasdaq's advanced platform, Nasdaq Eqlipse Trading, which aims to improve liquidity and resilience in the Philippine marketplace [1][5]. Group 1: Technology Partnership - The upgrade to Nasdaq Eqlipse Trading represents a significant investment by Nasdaq to modernize and strengthen its platform capabilities, allowing for enhanced functionality such as pre-trade risk management and advanced options pricing [2][4]. - PSE's decision to renew its partnership with Nasdaq is driven by the need for a reliable trading system that meets current and future requirements, emphasizing the importance of technology in PSE's strategic agenda [3][5]. Group 2: Market Impact - The Nasdaq Eqlipse platform is part of a broader initiative to develop a fully interoperable suite of solutions across trading, clearing, and data intelligence, marking a major milestone in Nasdaq's investment cycle [4]. - Nasdaq's technology is utilized by 97% of globally significant banks and half of the world's top 25 stock exchanges, indicating its critical role in enhancing market infrastructure and operational efficiency [6]. Group 3: Economic Context - The partnership aligns with the rapid economic growth of the Philippines, positioning Nasdaq to support local and global banks in navigating challenges and innovating in a digital and AI-driven environment [6]. - Nasdaq's presence in the Philippines is part of its strategy to drive modernization in the financial services industry, contributing to regulatory compliance and simplifying capital market operations [5][6].