Bernstein slashes share price targets for CME and ICE

26 Jan 2009

Sanford C Bernstein, the New York wealth management firm, has lowered its share price targets for the CME Group and InterContinental Exchange, predicting a steep decline in futures trading volumes.

In a research note last week, the team led by senior analyst Brad Hintz forecast trading volume to shrink in 2009 by 9% at CME Group and 4% at ICE.

This would be a...

The rest of this article is for subscribers only. Would you like to take a free trial?

Unlimited access
Data & graph exports
Daily data brief
Weekly newsletter

News & Analysis access
Extensive data searches
Access to archive
Weekly newsletter

Already have an account?

Username:
Password:

Remember me? | Forgot your password?

“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS

Bernstein slashes share price targets for CME and ICE

Already have an account?

Read more: