Wednesday, April 7, 2010 as of 11:14 AM ET
The International Securities Exchange is drafting rules and legal documents as it seeks to launch the company's second stock-options exchange by the end of 2012, according to its chief executive.
A junior options market is a chief goal for the ISE as the firm has ceded trading business to rivals running multiple venues, such as CBOE Holdings Inc. (CBOE), NYSE Euronext (NYX) and Nasdaq OMX Group Inc. (NDAQ)."It is a very high priority at the ISE to get this done," said Chief Executive Gary Katz in an interview.The fiercely competitive U.S. options exchange market is already split between nine platforms, with two others set to be added as well as ISE's planned launch.Market leader CBOE Holdings Inc. (CBOE) and NYSE Euronext (NYX) each run two exchanges, while Nasdaq OMX Group Inc. (NDAQ) plans to add a third platform this year. Miami International Holdings Inc., a start-up staffed by former Philadelphia Stock Exchange officials, is also working on a new options exchange.The launches could...Don’t let Friday’s $3.38 billion takeover of specialty-chemicals maker Solutia (NYSE:SOA) fool you, 2012 has started painfully slow for the M&A world. ...
Raymond James Financial (NYSE:RJF) is close to reaching a deal to buy brokerage Morgan Keegan from Regions Financial (NYSE:RF) in a deal that is expected to improve ...
By Paritosh BansalNEW YORK (Reuters) - Thomas H. Lee Partners and a consortium that includes Blackstone Group <BX.N> and Carlyle Group <CYL.UL> are finalists to acqu...
Exhausted by the bleak economy and a dearth of inventory, the once-booming arena naming-rights market has been in a comatose state for the better part of the past th...
By Jonathan StempelNEW YORK (Reuters) - Raymond James Financial Inc <RJF.N> agreed to buy back $300 million of auction-rate securities and pay a $1.75 million fine t...
Raymond James CEO Tom James on what regulatory reforms are necessary to improve the financial system.
Raymond James CEO Tom James on the firm's fourth-quarter earnings of $43 million.
Thomas James on Raymond James' 2Q losses.
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DOW JONES NEWSWIRESQualcomm Inc.'s (QCOM) fiscal second-quarter profit soared as the chip maker has seen adoption of its cellphone technologies continue to drive hig...
High-grade corporate issuers continue to find bond-market conditions attractive, pushing March's issuance closer to the $100 billion threshold for the first time in ...
Citigroup Inc. (C) has been a tough negotiator when selling unwanted assets--but the bank might have less leverage when selling its stake in Morgan Stanley Smith Bar...
An extra day on the calendar helped new-issuance break a monthly volume record for February, as PepsiCo (PEP) and five other companies brought more than $7 billion i...
Wells Fargo Advisors, the brokerage unit of Wells Fargo & Co (WFC), recently hired six financial advisers from Morgan Stanley Smith Barney who managed a combined $57...
I want to share one of my favorite screens that I have developed over the years. The goal of what I call my "Rocket" screen is to identify companies that are not wid...
Raymond James CEO Paul Reilly on the firm’s acquisition of Morgan Keegan.
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