NYX… the reasons
Alright, so NYX is getting attacked, fundamentally (or seemingly so) from all sides.
1. keeps losing market share.
2. congress is getting their panties in a bunch regarding margins on future contracts (even though Euronext really only has European trades, I guess it is feeling the pain in sympathy.)
3. revealed today, potential loss in market data revenue.
Today’s reason, while a real threat, should not affect NYX in the mid-term. Forced to close out my protection… too oversold, and it is due for a pop. I feel analysts will come out and protect the name due to valuation.
