In our December 2016 issue, we told the story of how fintech firm Estimize has attempted to replicate a successful market model, where hedge funds got sell-side analysts to rank stocks within a sector to produce more accurate forecasts.
CBOE Holdings Inc. reported financial results for the first quarter of 2017 on May 9, and provided updated 2017 guidance to reflect its acquisition of Bats Global Markets Inc. (Bats).
The EC yesterday formally blocked the proposed merger between London Stock Exchange Group and Deutsche Boerse AG-Tender. This was expected. The EC is expected to publish a more detailed decision at a later date. London Stock Exchange Group also announced a £200 million buyback program.
