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@CMEGroup shares up 3.8% today in NY, still down more than 16% YTD.
Striking divergence in share price performance for exchanges/ trading venues in Q2 market rally.
@Nasdaq, @euronext, @DeutscheBoerse @MarketAxess hit all-time highs in last 2 weeks
Don't disagree with any of those reasons. Looks like investors picking names and not the sector here. As you say, lots of distinctions being made.
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bc work from home trend has accelerated electronic adoption in corporate bond/swap markets, Fed intervention helps as well
Debt issuance blowing through record highs helps as well - good for