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I want to share more about how I approach exchange investing & the resources I use to track the industry. I'll split this into 4 topics below:
1) Filings
2) Volumes (2 pts)
3) News
4) Social
I hope you find it useful
1) Filings
2) Volumes (2 pts)
3) News
4) Social
I hope you find it useful
FILINGS:
As with most stocks, nothing beats the old-fashioned way: reading Ks, Qs, and earnings results in detail.
I use Seeking Alpha to read earnings call transcripts (Q&A is most important).
Look at results relative to guidance and changes to the forward outlook.
As with most stocks, nothing beats the old-fashioned way: reading Ks, Qs, and earnings results in detail.
I use Seeking Alpha to read earnings call transcripts (Q&A is most important).
Look at results relative to guidance and changes to the forward outlook.
VOLUMES:
The primary drivers of exchange performance are volumes & data growth. The volume piece can be tracked monthly (even daily) via each exchange's website.
CME: http://investor.cmegroup.com/volume
ICE: https://ir.theice.com/investor-resources/supplemental-information/default.aspx
CBOE: http://www.cboe.com/data/cboe-holdings-monthly-volume-rpc-reports
The primary drivers of exchange performance are volumes & data growth. The volume piece can be tracked monthly (even daily) via each exchange's website.
CME: http://investor.cmegroup.com/volume
ICE: https://ir.theice.com/investor-resources/supplemental-information/default.aspx
CBOE: http://www.cboe.com/data/cboe-holdings-monthly-volume-rpc-reports
Nasdaq: http://ir.nasdaq.com/financials/volume-statistics
Tradeweb: https://www.tradeweb.com/newsroom/monthly-activity-reports/
MarketAxess: https://investor.marketaxess.com/volume
Tradeweb: https://www.tradeweb.com/newsroom/monthly-activity-reports/
MarketAxess: https://investor.marketaxess.com/volume
NEWS: It's critical to filter out as much noise as possible when consuming news, and exchanges are no different.
I use Finviz's Portfolio tool - create a free account and add stocks to your watchlist. All news from those stocks will show up in a clean, easy to read feed:
I use Finviz's Portfolio tool - create a free account and add stocks to your watchlist. All news from those stocks will show up in a clean, easy to read feed:
SOCIAL: I follow these accounts to elevate my thinking about exchanges:
@JerryCap
@FinSkirt
@bizalmanac
@BrianGierke
@ltabb
@kmcpartland
@GuFinProf
@Foudroyant
@staffordphilip
@JoeSaluzzi
@aosipovich
@JustinRBLT
@phoenixvalue
@RussellRhoads
@NoonSixCap
@JerryCap
@FinSkirt
@bizalmanac
@BrianGierke
@ltabb
@kmcpartland
@GuFinProf
@Foudroyant
@staffordphilip
@JoeSaluzzi
@aosipovich
@JustinRBLT
@phoenixvalue
@RussellRhoads
@NoonSixCap
To summarize:
1) You'd be surprised how much info is in each exchange's 10-K. Read them.
2) Track volumes at least monthly. Exchanges trade on volumes.
3) Very few pieces of news will truly impact the stock.
4) Debate your ideas with others. You'll become a better investor.
1) You'd be surprised how much info is in each exchange's 10-K. Read them.
2) Track volumes at least monthly. Exchanges trade on volumes.
3) Very few pieces of news will truly impact the stock.
4) Debate your ideas with others. You'll become a better investor.
