Core Viewpoint - Analysts project that CME Group will report quarterly earnings of $2.63 per share, reflecting a year-over-year decline of 1.9%, with revenues expected to reach $1.54 billion, down 3% from the same quarter last year [1]. Earnings Projections - The consensus EPS estimate has been revised downward by 1.2% over the past 30 days, indicating a collective reassessment by analysts [2]. - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3]. Revenue Estimates - Analysts estimate 'Revenues- Other' at $110.22 million, indicating a year-over-year increase of 1% [5]. - 'Revenues- Clearing and transaction fees' are expected to be $1.25 billion, reflecting a decline of 3.3% year over year [5]. - The consensus for 'Revenues- Market data and information services' stands at $195.57 million, suggesting a year-over-year increase of 9.8% [5]. - 'Revenues- Clearing and transaction fees- Interest rates' are projected to reach $417.39 million, down 6.4% from the prior year [6]. - 'Revenues- Clearing and transaction fees- Foreign exchange' are expected to be $44.84 million, indicating a decline of 13.6% year over year [6]. Average Daily Volume Estimates - The average daily volume (including NYMEX and COMEX) is projected at 26.26 million, down from 28.29 million in the same quarter last year [7]. - 'Average daily volume - Metals (including NYMEX and COMEX)' is estimated at 844.53 thousand, up from 728.00 thousand year over year [7]. - 'Average daily volume - Interest rates (including NYMEX and COMEX)' is forecasted at 13.77 million, compared to 14.88 million in the previous year [8]. - 'Average daily volume - Equity indexes (including NYMEX and COMEX)' is expected to be 6.65 million, down from 7.41 million year over year [8]. - 'Average daily volume - Foreign exchange (including NYMEX and COMEX)' is projected at 936.02 thousand, down from 1.09 million in the same quarter last year [9]. - 'Average daily volume - Energy (including NYMEX and COMEX)' is expected to reach 2.36 million, down from 2.57 million year over year [9]. - 'Average daily volume - Agricultural commodities (including NYMEX and COMEX)' is projected at 1.70 million, compared to 1.61 million in the same quarter last year [10]. Market Performance - CME shares have changed by +0.7% in the past month, matching the +0.7% movement of the Zacks S&P 500 composite [11]. - With a Zacks Rank 4 (Sell), CME is expected to underperform the overall market in the near future [11].

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates can be challenging due to associated risks and volatility [1] Group 1: Company Overview - CBOE Global (CBOE) is currently recommended as a growth stock by the Zacks Growth Style Score system, which evaluates a company's real growth prospects beyond traditional metrics [2] - CBOE holds a favorable Growth Score and a top Zacks Rank, indicating strong potential for performance [2] Group 2: Earnings Growth - CBOE has a historical EPS growth rate of 13.9%, with projected EPS growth of 13.1% for the current year, surpassing the industry average of 10.1% [4] Group 3: Asset Utilization - CBOE's asset utilization ratio is 0.53, indicating that the company generates $0.53 in sales for every dollar in assets, significantly higher than the industry average of 0.24 [5] Group 4: Sales Growth - The company's sales are expected to grow by 10.5% this year, compared to the industry average of 6.6%, highlighting its strong sales growth potential [6] Group 5: Earnings Estimate Revisions - The current-year earnings estimates for CBOE have been revised upward, with the Zacks Consensus Estimate increasing by 1.2% over the past month, indicating positive momentum [8][10] Group 6: Investment Positioning - CBOE's combination of a Zacks Rank 2 and a Growth Score of A positions it well for outperformance, making it an attractive option for growth investors [10]

Core Viewpoint - Intercontinental Exchange, Inc. (ICE) is expected to report strong earnings growth in the upcoming third-quarter earnings announcement, with a history of meeting or exceeding analyst expectations [2][3]. Financial Performance - Analysts anticipate an adjusted EPS of $1.64 for Q3, reflecting a 5.8% increase from $1.55 in the same quarter last year [2]. - For the full fiscal year 2025, ICE is projected to report an adjusted EPS of $6.87, a 13.2% increase from $6.07 in 2024, with further growth expected in fiscal 2026 to $7.61 per share, representing a 10.8% year-over-year increase [3]. Market Performance - ICE's stock has decreased by 3.7% over the past 52 weeks, underperforming compared to the Financial Select Sector SPDR Fund's 13.8% gains and the S&P 500 Index's 13.4% returns during the same period [4]. - Following the release of Q2 results, despite better-than-expected financials, ICE's stock experienced a slight decline, attributed to broader market downturns due to tariff tensions [5][6]. Analyst Sentiment - Analysts maintain a consensus "Strong Buy" rating for ICE, with 13 "Strong Buys," two "Moderate Buys," and four "Holds" among the 19 analysts covering the stock [6]. - The mean price target for ICE is $202.82, indicating a potential upside of 28.1% from current price levels [6].

Core Insights - CME Group has expanded its operations into the Middle East by opening a new office in Dubai, located in the Dubai International Financial Centre (DIFC) [1] - The expansion is driven by increasing institutional and retail participation in financial markets, leading to a demand for broader trading access in the region [1] - The Dubai office will serve as CME Group's Middle East hub, enhancing service levels for clients in the UAE and surrounding markets [1] Company Operations - CME Group provides a wide range of listed futures, options, and cash markets across major asset classes, including interest rates, equities, foreign exchange, energy, agricultural products, metals, and cryptocurrency [2] - The company plans to list the spot U.S. Dollar / United Arab Emirates Dirham (USD/AED) currency pair on June 30, 2025, in response to client demand in the region [2] - CME Group operates various trading platforms, including CME Globex for futures and options, BrokerTec for fixed income, and EBS for foreign exchange [2] Leadership and Strategic Goals - The Dubai office will be led by Sharif Jaghman, who has nearly 20 years of experience in financial services and has held senior positions at CME Group and other major exchanges [1] - The establishment of the Dubai office is seen as a significant step in enhancing CME Group's presence in the EMEA region and capturing new growth opportunities [1][2] - The collaboration with DIFC Authority highlights the strategic role of Dubai as a global financial hub and the growing opportunities in the Middle East, Africa, and South Asia [1]

Core Insights - 24 Exchange has launched the 24X National Exchange, which provides extended hours trading for US equities to both retail and institutional investors globally [1] Company Overview - The CEO of 24 Exchange, Dmitri Galinov, highlighted the significance of the new trading platform in enhancing market accessibility [1] Industry Impact - The introduction of extended hours trading is expected to cater to the growing demand for flexible trading options among investors [1]

Core Viewpoint - Nasdaq, Inc. is experiencing positive momentum with institutional confidence and a strong stock performance, indicating growth potential in the market technology and data services sector [2][3][5]. Group 1: Company Overview - Nasdaq, Inc. is a global technology company providing market technology solutions, anti-financial crime software as a service (SaaS), market data, and index licensing [1]. - The company plays a crucial role in financial markets, competing with major exchanges like NYSE and LSE [1]. Group 2: Stock Performance - As of October 13, 2025, Nasdaq's stock was priced at $88.90, reflecting a 24.4% increase over the past year, outperforming the S&P 500 by 4.2 percentage points [2][6]. - The stock has shown resilience despite a recent decrease of 2.74% or $2.50, with a 52-week high of $97.63 and a low of $64.84 [5]. Group 3: Institutional Activity - Graphene Investments SAS acquired 37,500 shares of Nasdaq, valued at approximately $3.32 million, representing 2.1% of its reportable assets under management [3]. - This acquisition indicates institutional confidence in Nasdaq's growth potential, making it the fund's 15th-largest holding [3]. Group 4: Market Metrics - Nasdaq shares traded between $88.85 and $91.96 on October 13, 2025, with a market capitalization of approximately $51 billion [4]. - The trading volume on the NASDAQ exchange was 3,339,837 shares, reflecting active investor interest [4].

Core Insights - Consistent dividend payments provide comfort to investors during market volatility, allowing them to hold quality companies without the urge to sell [1][15] - The article highlights three Singapore blue-chip companies: Singapore Exchange (SGX), CapitaLand Integrated Commercial Trust (CICT), and DBS Group Holdings (DBS), all of which have maintained consistent dividend payouts for over a decade [2][15] Singapore Exchange (SGX) - SGX is the only approved financial exchange in Singapore, benefiting from stable income generated from securities and derivatives trading, making it a reliable dividend payer [3][6] - The annual dividend per share increased by 33.9% from S$0.28 in FY2016 to S$0.375 in FY2025, with an average dividend yield of 3.45% and a current estimated yield of 2.1% [4] - SGX's revenue grew at a CAGR of 5.9% to S$1.37 billion for FY2025, while net profit grew at a CAGR of 7.1%, allowing for a dividend per share growth at a CAGR of 3.3% over the last decade [5] CapitaLand Integrated Commercial Trust (CICT) - CICT is Singapore's largest REIT, formed from a merger in November 2020, with a diversified portfolio that provides resilient income even during market stress [7] - The REIT's DPU reached S$0.1088 for 2024, although it remains below the peak DPU of S$0.1197 in 2019; it has maintained a high occupancy rate of 96.3% [9][10] - CICT's DPU increased by 3.5% YoY to S$0.0562 in 1H2025, with an annualized yield of approximately 4.8% [10] DBS Group Holdings - DBS is Singapore's largest local bank, with a strong track record of growing dividends, which increased by 311% from S$0.54 in 2016 to S$2.22 in 2024 [11] - The bank has a healthy dividend payout ratio of 59.4% and net profit grew at a CAGR of 13.9% to S$11.3 billion for the last twelve months [12] - DBS's ROE improved significantly from 9.5% in 2020 to 17.2% in 2024, and its CET1 capital ratio stands at 15.1%, well above the regulatory requirement, supporting its ability to sustain dividends [13][14] Conclusion - The consistent dividend payouts from SGX, CICT, and DBS highlight their strong business fundamentals and commitment to shareholder value, making them suitable anchors for a dividend portfolio [15][16]

Core Insights - The trading activity on the Tradeweb European ETF marketplace reached a total volume of EUR 70.4 billion [3] Group 1 - The data presented is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms [2]

Summary of Key Points Core Perspective - The total short interest in Nasdaq securities has increased slightly, indicating a growing bearish sentiment among investors as of the settlement date of September 30, 2025 [1][3]. Group 1: Nasdaq Global Market - At the end of the settlement date of September 30, 2025, short interest in 3,366 Nasdaq Global Market securities totaled 14,078,324,727 shares, up from 14,035,983,054 shares in the previous period [1]. - The average short interest represented 2.16 days compared to 2.49 days in the prior reporting period, indicating a decrease in the average time shares are held short [1]. Group 2: Nasdaq Capital Market - Short interest in 1,675 securities on The Nasdaq Capital Market reached 3,220,349,947 shares, an increase from 3,110,176,592 shares in the previous reporting period [2]. - The average daily volume for this segment was 1.00 day, down from 1.08 days in the prior period [2]. Group 3: Overall Nasdaq Securities - The total short interest across all 5,041 Nasdaq securities was 17,298,674,674 shares at the September 30, 2025 settlement date, compared to 17,146,159,646 shares in the previous reporting period [3]. - This represents an average of 1.71 days of short interest, a decrease from 2.01 days in the prior reporting period [3]. Group 4: Short Sale Definition - A short sale is defined as the sale of a security that the seller does not own or any sale consummated by the delivery of a borrowed security [4].

Leadership Change - JSE (Johannesburg Stock Exchange), operating the largest stock exchange in Africa, appointed Valdene Reddy as group CEO [1] - Leila Fourie, the current CEO, plans to retire next year [1] Industry Position - JSE operates the biggest stock exchange on the African continent [1]