Insider Trading Fri 6/14/24

Notable purchases -- President/CEO adds to DTC; notable sales -- CEO active in DELL

Buyers:

• CATX Chief Executive Officer bought 100,000 shares at $1.165 - $1.18 worth ~$117K.
• CODI Chief Financial Officer of Compass Group Diversified Holdings LLC (Trust) bought 5,000 shares at $22.39 - $22.4599 worth ~$112K.
• DTC President and Chief Executive Officer bought 150,000 shares at $1.88 - $1.98 worth approx. $295K.
• FF Director bought 100,000 shares at $4.50 - $4.66 worth ~$458K.
• GXO Chief Executive Officer bought 10,000 shares at $ 49.95 worth ~$500K.
• PEGA Director bought 8,600 shares at $58.24 - $58.82 worth ~$504K.
• NUVB Director bought 172,189 shares at $2.835 - $2.96 worth ~$500K.
• PRM Director bought 42000 shares at $7.149 worth ~$300K.
• TTSH 10% owner bought 74,303 shares at $6.48 - $6.67 worth ~$491K.
• VFC Director bought 25,000 shares at $13.77 - $13.78 worth ~$344K.

Sellers:

• CME Director sold 3,000 shares at $195.44 worth ~$586K.
• DELL Chief Executive  Officer / 10% owner sold 5,681,929 shares of Class C Common Stock at $130.14 - $136.17 worth ~$76 mln.
• SOFI Director by deputization (Qatar Investment) sold 19,840,073 shares at $6.75 - $6.9137 worth ~$134.5 mln.
• UFPI Pres, UFP Construction sold 11,725 shares at $115.27 worth ~$1.35 mln.
• WST SVP, Chief Technology Officer sold 1800 shares at weighted average price of $330.78  worth ~$595K.

Insider Trading : Tue 8/8/23

Notable purchases -- President/CEO adds to CERE; notable sales -- HR Chief active in CME

Buyers:

• BY 10% owner bought 20,000 shares at ~$21.6258 worth ~$433K.
• CERE President & CEO and one (1) Director bought a total of 105,737 shares at $22.85 - $24.01 worth ~$2.5 mln.
• EPD Director bought 50,000 shares at $26.57 -  $26.63 worth ~$1.3 mln.
• GABC Director bought 5,869 shares at $30.67 worth ~$180K.
• HBB President & CEO bought 10,000 shares at $10.59 worth ~$106K.
• OPK CEO & Chairman bought 650,000 shares at $1.815 - $1.86 worth ~$1.2 mln.
• STAA Director bought 2,000 shares at $48.72 worth ~$97K.
• SUP 10% owner Mill Road Capital bought 77,258 shares at $3.5865 - $3.8111 worth ~$284K.

Sellers:

• CME Senior Managing Director & Chief Human Resources Officer sold 4,477 shares at $207.98 worth ~$931K.
• MOH EVP, Health Plans sold 2,523 shares at $312.72 worth ~$789K.
• TZOO 10% owner Azzurro Capital sold 140,000 shares at $7.31 - $7.80 worth ~$1.0 mln.

CME to buy CBOE for $16bn?

• FT:  CME, the world’s largest futures exchange operator, has offered 0.75 of its own shares for every Cboe share, according to three people familiar with the talks. The price would value Cboe at around $150 per share, around 20 per cent above its current price of $123.
• CME denies report of buyout bid for Cboe, saying 'inaccurate' report needed 'correction'
• All-share deal would combine futures and equity options specialists

  

A takeover would bring together two of the most important names in global financial derivatives. CME would diversify its product lines far beyond futures and options contracts related to such commodity markets as oil and wheat as well as US interest rates.

Cboe, formed out of a predecessor of CME in 1973, owns the Vix indices and contracts, as well as equity options exchanges, three stock exchanges and an extensive share trading and clearing business in Europe.

OCC, the US’s main options clearing house, said last month it had seen a record July, with nearly 800m contracts cleared, up 29 per cent on the same month a year before. Average daily volumes for the year are up 42 per cent at 37m contracts per day, the clearing house said.

If a deal is struck, it would extend the dealmaking spree among the world’s largest exchange groups, which are scaling up and concentrating the trading data and information that underpin financial markets among a handful of large players.

In 2019 just over half of the $35bn in revenues the industry generated came from just five exchange operators — CME, Intercontinental Exchange, London Stock Exchange Group, Deutsche Börse and Nasdaq.

In recent years LSE Group bought data and trading provider Refinitiv for $27bn while ICE snapped up mortgage software provider Ellie Mae for $11bn. It would also be the CME’s largest acquisition since its $7.9bn cash-and-shares purchase of the New York Mercantile Exchange in 2008. 

NEX Group (OTC:NEXGY) acquired by CME Group (NASDAQ:CME)

• NEX Group (OTC:NEXGY) acquired by CME Group (NASDAQ:CME) for £3.9B. (29 March 2018)

 

Creating a cross-border trading powerhouse, U.S. exchange operator CME Group (NASDAQ:CME) has agreed to buy U.K.-based NEX Group (OTC:NEXGY) for about £3.9B. The deal would be CME's largest since it bought Nymex for $11B in 2008, and would mark the first time the same company owned the dominant markets for fixed income, foreign exchange futures and their underlying securities.

=CME Group (CME) reported earnings on Thur 27 April 2017 (b/o)

CME Group beats by $0.02, reports revs in-line :

• Reports Q1 (Mar) earnings of $1.22 per share, $0.02 better than the Capital IQ Consensus of $1.20; revenues fell 0.5% year/year to $929 mln vs the $932.06 mln Capital IQ Consensus.
• Average daily volume reached a record 17.1 mln contracts, including records in Interest Rates, Metals, Interest Rate Options and Equity Options.
• Clearing and transaction fee revenue was $792 mln, down 1 percent compared with first-quarter 2016.
• First-quarter 2017 total average rate per contract was 73.1 cents, flat with fourth-quarter 2016.
• Market data revenue was $97 mln, down 5 percent compared with the first quarter last year.

CME Group (CME) reported 4Q earnings on Fri 5 Feb 2016 (before open)

** chart 2 days before earnings **

** charts after earnings **

 

CME Group beats by $0.02, reports revs in-line  :

• Reports Q4 (Dec) earnings of $0.92 per share, excluding non-recurring items,$0.02 better than the Capital IQ Consensus of $0.90; revenues fell 3.2% year/year to $813.8 mln vs the $808.76 mln Capital IQ Consensus.
• Fourth-quarter 2015 average daily volume was 13.2 million contracts, down 11 percent from fourth-quarter 2014.
• Clearing and transaction fee revenue were $679 million, down 5 percent compared with fourth-quarter 2014.
• Fourth-quarter 2015 total average rate per contract was 78.9 cents, up from 75.9 cents in third-quarter 2015, driven primarily by an increased proportion of the volume from higher paying non-members during the quarter, as well as strong energy volume.
• Market data revenue was $99 million, up 11 percent compared with the fourth quarter last year.

CME — is it a buy?

• Nov. 21: Is CME a buy? 

• 2 months later:

NYMEX (NMX) was acquired by CME Group (CME)

NYMEX (NMX): The New York Mercantile Exchange (NYMEX) was acquired by Chicago based CME Group (CME) for $11.2 billion. (March 17, 2008)

  

The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges.

Both NYMEX and COMEX now operate as designated contract markets (DCM) of the CME Group. The other two designated contract markets in the CME Group are the Chicago Mercantile Exchange and the Chicago Board of Trade.