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JPMorgan Just Issued a Warning for MicroStrategy and Other Crypto Treasury Stocks. How Should You Play Them Here?
Yahoo Finance· 2025-09-11 20:01
MicroStrategy (MSTR) and other crypto treasury stocks remained in focus on Thursday after JPMorgan analysts sounded the alarm on investing in companies functioning primarily as Bitcoin (BTCUSD) funds rather than traditional operating businesses. Their warning arrives shortly after MicroStrategy faced rejection in joining the S&P 500 Index ($SPX) despite meeting technical requirements, which JPMorgan dubbed a major “blow not only to MSTR but to other corporate crypto treasuries” as well. More News from Ba ...
Cboe to Launch Continuous Futures for Bitcoin (BTC) and Ethereum (ETH)
Crowdfund Insider· 2025-09-11 06:35
Core Insights - Cboe Global Markets is committed to growth in the global financial marketplace through various initiatives, including the launch of continuous futures for Bitcoin and Ether, robust trading volumes, new leadership appointments, and surpassing 1,000 U.S.-listed ETFs [1][10] Product Development - Cboe plans to launch Cboe Continuous Futures for Bitcoin and Ether on November 10, 2025, pending regulatory approval, which are structured as long-dated contracts with a 10-year expiration, eliminating the need for frequent rollovers [2][3] - The new futures contracts are cash-settled and aligned with real-time spot prices through daily cash adjustments, providing U.S. traders with efficient long-term exposure to digital assets [4] - Educational sessions on these futures are scheduled for October 30 and November 20, 2025, indicating a commitment to investor education [5] Trading Volume and Market Performance - Cboe reported a 9.6% year-over-year increase in multiply-listed options and an 8.0% rise in index options for August 2025, with record performance in zero-days-to-expiry trading for S&P 500 Index options [6] - U.S. equities trading saw a 39.9% increase in on-exchange volume and an 84.8% surge in off-exchange volume year-over-year, while European equities achieved record market shares of 26.6% for overall trading and 34.7% for continuous trading [7] Leadership and Strategic Expansion - Cboe appointed Prashant Bhatia as Executive Vice President, Head of Enterprise Strategy & Corporate Development, to identify high-impact growth opportunities [8] - The company surpassed 1,000 U.S.-listed ETFs on its Cboe BZX Exchange, marking a 70% growth in ETF listings since early 2023, reflecting rising demand for actively managed ETFs [9] Overall Strategy - Cboe's initiatives, including the introduction of regulated crypto derivatives and the growth of ETFs, indicate its strategy to adapt to market trends and positively impact the digital finance ecosystem [11]
Intercontinental Exchange is Oversold
Nasdaq· 2025-09-10 15:32
Core Insights - Intercontinental Exchange Inc (ICE) is currently ranked in the top 50% of dividend stocks, indicating strong fundamentals and attractive valuation for investors [1] - ICE shares recently entered oversold territory with a Relative Strength Index (RSI) of 26.9, compared to the average RSI of 52.9 for the dividend stock universe, suggesting potential buying opportunities [2][3] - The annualized dividend for ICE is $1.92 per share, yielding 1.11% based on a recent share price of $173.46, making it appealing for dividend investors [2] Group 1 - The DividendRank formula identifies ICE as an interesting investment opportunity due to its strong fundamentals and valuation [1] - The recent trading saw ICE shares drop to $171.59, indicating oversold conditions which may attract dividend investors [2] - The RSI of 26.9 suggests that heavy selling may be exhausting, presenting potential entry points for bullish investors [3] Group 2 - ICE's dividend history is a critical factor for investors to assess the sustainability of its recent dividend payments [3]
Cboe plans to launch futures and options on new Magnificent 10 index (CBOE:BATS)
Seeking Alpha· 2025-09-10 15:02
Group 1 - Cboe Global Markets announced plans to launch futures and options on its new Magnificent 10 index [3] - The Cboe Magnificent 10 Index is designed to measure the price performance of a select group of stocks [3]
X @Bloomberg
Bloomberg· 2025-09-10 14:25
Cboe will offer traders a new way to bet on mega-cap technology stocks, in a move that could put the exchange operator in more direct competition with crosstown rival CME https://t.co/rPmA5VXDOi ...
X @Bankless
Bankless· 2025-09-10 12:00
LIVE NOW - Hyperliquid: The Fastest Growing Exchange in Crypto?@HyperliquidX is less than a year old, yet it’s already rivalling Ethereum and Solana in revenue.In this episode, @RyanSAdams and @JustDeauIt from @the_defi_report dive deep into the rise of crypto’s hottest exchange: from its fair-launch token drop to its Binance-like UX, to why whales and builders can’t get enough of it.--------------TIMESTAMPS0:00 Intro1:47 Hyperliquid’s Revenue Surge6:33 Valuation Questions13:42 Product Experience & Growth F ...
Cboe Sets Nov. 10 Target for Cash-Settled Bitcoin, Ether Futures – Pending Approval
Yahoo Finance· 2025-09-09 19:08
Cboe Global Markets, one of the world’s largest derivatives and securities exchange networks, has announced plans to launch Cboe Continuous Futures on its Cboe Futures Exchange (CFE) starting November 10, 2025, pending regulatory approval. The new product line will debut with Bitcoin and Ether contracts, giving U.S. traders access to long-term exposure to digital assets within a regulated, centrally cleared environment. Unlike traditional futures, which typically expire monthly or quarterly and require r ...
TMX Group (OTCPK:TMXX.F) FY Conference Transcript
2025-09-08 14:02
Summary of TMX Group FY Conference Call - September 08, 2025 Company Overview - **Company**: TMX Group (OTCPK:TMXX.F) - **Industry**: Financial Services, specifically focusing on exchanges, asset management, and trading. Key Points Macro Environment and Market Performance - Global uncertainty and interest rate outlook are driving elevated trading volumes across TMX's marketplaces, with open interest growth of approximately **60% year-to-date** on the Montreal Exchange [2][3] - Equity volumes have increased by **14% year-over-year**, indicating strong market activity [2] IPO Market and Listings - There are signs of a global resurgence in IPO activity, with Canada traditionally following the US market trends [4] - The current IPO pipeline is robust and diverse, with over **50%** of the pipeline consisting of companies outside Canada, particularly in the innovation sector [5][6] Trading Business and Derivatives - TMX has seen strong growth in Canadian derivatives, particularly in longer-term contracts, with the two-year and five-year contracts showing growth rates of approximately **27%** and **30%** respectively [11] - The company categorizes its derivatives trading and clearing business as a strong grower, with a **CAGR of about 11%** over the last ten years [10] Technology and Innovation - TMX launched a new ATS in the US, which has shown solid trading volume growth, leveraging in-house technology from both the Montreal and Toronto Exchanges [12][14] - The company is exploring opportunities to port this technology back to Canada to enhance existing trading platforms [16][17] Post-Trade Modernization - TMX's post-trade modernization project has successfully gone live, allowing for the introduction of new products like SGC Notes and CCMS, which are expected to generate meaningful revenue moving into 2026 [21][22] Global Insights and Trayport - The Trayport business is experiencing strong growth driven by client renewals and geographic expansion, particularly in Japan and the US [24][29] - TMX added **82 new client logos** in the last year and a half, indicating ongoing market expansion [25] ETF Growth and Vedify - ETFs are one of the fastest-growing subsectors in asset management, with Vedify focusing on creating bespoke indices and launching ETFs based on client needs [36][37] - Vedify has been growing at a pro forma basis of **15%** since its acquisition, indicating strong performance [40] M&A Strategy - TMX is open to pursuing acquisitions that align with its growth strategy, with a focus on maintaining a leverage ratio within the target range of **1.5 to 2.5 times** [56][58] - The company is interested in both small tuck-in acquisitions and larger, more impactful acquisitions if they align with strategic goals [62] Digital Assets and Market Trends - TMX is monitoring the evolving landscape of digital assets and tokenization, with a cautious approach based on regulatory developments in the US [63][64] - The company is prepared to support Canadian banks in meeting client demand for crypto-related services, contingent on market conditions [66] Retail Engagement - Canadian retail investors are generally more conservative compared to their US counterparts, with limited engagement in options trading [72] - TMX is willing to create markets if there is sufficient demand, indicating a responsive approach to market needs [74] Data Links and Revenue Growth - Data Links is experiencing growth driven by increased demand for colocation services and cross-selling opportunities following the acquisition of Vedify [75][76] - The company is exploring additional datasets to complement its trading data, aiming to enhance the quality and value of its offerings [78][79] Conclusion TMX Group is navigating a complex macroeconomic environment while capitalizing on growth opportunities in trading, technology, and asset management. The company is focused on innovation, strategic acquisitions, and responding to market demands, positioning itself for continued success in the financial services industry.
港交所余学勤:今年更多海外长期投资者布局港股 正研究缩短港股结算周期至T+1
Zhi Tong Cai Jing· 2025-09-05 09:17
Group 1 - The core viewpoint is that more overseas long-term investors are positioning themselves in Hong Kong stocks this year, indicating a growing interest in the market [1] - The Hong Kong Stock Exchange (HKEX) is exploring the possibility of shortening the settlement cycle to T+1, aiming to enhance investor returns and optimize the platform based on feedback from mainland investors [1] - Average daily trading volume for the first eight months of the year reached HKD 248.3 billion, with a noticeable increase in trading volume from southbound trading, reflecting heightened enthusiasm from mainland investors towards Hong Kong stocks [1] Group 2 - HKEX plans to expand the range of exchange-traded fund (ETF) connect products to improve liquidity and competitiveness in the Hong Kong stock market [1]
港交所:未来持续优化制度安排,确保上市机制与时俱进
Nan Fang Du Shi Bao· 2025-09-05 04:31
Core Viewpoint - Hong Kong Stock Exchange (HKEX) is actively optimizing its listing system to support the development of technology companies and will continue to enhance its arrangements to meet the diverse needs of enterprises and investors [2] Group 1 - HKEX's CEO, Charles Li, emphasized the importance of adapting the listing mechanism to keep pace with the evolving market [2] - The exchange has been focusing on improving its listing policies in recent years to better cater to technology firms [2] - Future efforts will include ongoing enhancements to ensure the listing framework remains relevant and effective [2]