IntercontinentalExchange, which operates commodity futures and derivatives exchanges, said Wednesday that its first-quarter net income fell 8 percent as operating expenses rose and revenue from transaction fees fell. Full story
NEW YORK (Reuters) - Asset managers have been slow to set up accounts with clearing houses for over-the-counter derivatives ahead of a mandatory deadline, creating a nearly unmanageable backlog that could leave many firms unable to trade, industry participants said. Full story
(Reuters) - U.S. futures regulators are looking into whether high-speed traders indulged in "wash trading," a strategy in which they improperly buy and sell futures contracts without taking a position in the market, the Wall Street Journal reported, citing people familiar with the probes. Full story
Arizona Governor Jan Brewer demands the federal government prove that illegal immigrants released from ICE detention aren't a criminal threat. KPNX’s Joe Dana reports.
NEW YORK/SINGAPORE (Reuters) - IntercontinentalExchange Inc <ICE.N> may struggle to wrest much business from Asian rival Singapore Exchange <SGXL.SI> as U.S.-based ICE embarks on its latest push into the lucrative, 115-million-tonne market for iron ore swaps. Full story
MIAMI BEACH, Florida (Reuters) - IntercontinentalExchange Inc <ICE.N> has received inquiries from rivals interested in buying NYSE Euronext's <NYX.N> European stock exchanges once ICE completes its planned purchase of the New York-based exchange operator, ICE's chief executive said on Mo Full story
CNBC's David Faber reports the NYSE sought a proposal from Warren Buffett's Berkshire Hathaway as an alternative to the ICE merger. Berkshire, however, did not match the ICE bid.
