@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
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Replying to @staffordphilip @CMEGroup and
My 2c: -
$CBOE lagging bc$VIX complex was damaged in March and open interest hasn't recovered; big % of their total revenue -$CME lagging (less so) because interest rate curve has flattened, hurting rates volume -$ICE$NDAQ doing better w/more exposure to stable market data2 replies 1 retweet 2 likes
Replying to @HideNotSlide @staffordphilip and
$MKTX and $TW on
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 $MCO $SPGI
10:01 AM - 1 Jul 2020
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