ICE » Topics » Reductions in our exchange fee rates or commission rates resulting from competitive pressures could lower our revenues and profitability.

These excerpts taken from the ICE 10-K filed Feb 11, 2009.
Reductions in our exchange fee rates or commission rates resulting from competitive pressures could lower our revenues and profitability.
 
We may experience pressure on our exchange fee rates and commission rates as a result of competition we face in our futures and OTC markets. Some of our competitors offer a broader range of products and services to a larger participant base, and enjoy higher trading volumes, than we do. Consequently, our competitors may be able and willing to offer commodity trading services at lower commission rates than we currently offer or may be able to offer. As a result of this pricing competition, we could lose both market share and revenues. We believe that any downward pressure on commission rates would likely continue and intensify as we continue to develop our business and gain recognition in our markets. A decline in commission rates could lower our revenues, which would adversely affect our profitability. In addition, our competitors may offer other financial incentives such as rebates or payments in order to induce trading in their markets, rather than in our markets.
 
Reductions in our exchange fee rates or commission rates resulting from competitive pressures could lower our revenues and profitability.
 
We may experience pressure on our exchange fee rates and commission rates as a result of competition we face in our futures and OTC markets. Some of our competitors offer a broader range of products and services to a larger participant base, and enjoy higher trading volumes, than we do. Consequently, our competitors may be able and willing to offer commodity trading services at lower commission rates than we currently offer or may be able to offer. As a result of this pricing competition, we could lose both market share and revenues. We believe that any downward pressure on commission rates would likely continue and intensify as we continue to develop our business and gain recognition in our markets. A decline in commission rates could lower our revenues, which would adversely affect our profitability. In addition, our competitors may offer other financial incentives such as rebates or payments in order to induce trading in their markets, rather than in our markets.
 
Reductions in our exchange fee rates or commission rates resulting from competitive pressures could lower our revenues and profitability.
 
We may experience pressure on our exchange fee rates and commission rates as a result of competition we face in our futures and OTC markets. Some of our competitors offer a broader range of products and services to a larger participant base, and enjoy higher trading volumes, than we do. Consequently, our competitors may be able and willing to offer commodity trading services at lower commission rates than we currently offer or may be able to offer. As a result of this pricing competition, we could lose both market share and revenues. We believe that any downward pressure on commission rates would likely continue and intensify as we continue to develop our business and gain recognition in our markets. A decline in commission rates could lower our revenues, which would adversely affect our profitability. In addition, our competitors may offer other financial incentives such as rebates or payments in order to induce trading in their markets, rather than in our markets.
 
Reductions
in our exchange fee rates or commission rates resulting from
competitive pressures could lower our revenues and
profitability.



 



We may experience pressure on our exchange fee rates and
commission rates as a result of competition we face in our
futures and OTC markets. Some of our competitors offer a broader
range of products and services to a larger participant base, and
enjoy higher trading volumes, than we do. Consequently, our
competitors may be able and willing to offer commodity trading
services at lower commission rates than we currently offer or
may be able to offer. As a result of this pricing competition,
we could lose both market share and revenues. We believe that
any downward pressure on commission rates would likely continue
and intensify as we continue to develop our business and gain
recognition in our markets. A decline in commission rates could
lower our revenues, which would adversely affect our
profitability. In addition, our competitors may offer other
financial incentives such as rebates or payments in order to
induce trading in their markets, rather than in our markets.


 




Reductions
in our exchange fee rates or commission rates resulting from
competitive pressures could lower our revenues and
profitability.



 



We may experience pressure on our exchange fee rates and
commission rates as a result of competition we face in our
futures and OTC markets. Some of our competitors offer a broader
range of products and services to a larger participant base, and
enjoy higher trading volumes, than we do. Consequently, our
competitors may be able and willing to offer commodity trading
services at lower commission rates than we currently offer or
may be able to offer. As a result of this pricing competition,
we could lose both market share and revenues. We believe that
any downward pressure on commission rates would likely continue
and intensify as we continue to develop our business and gain
recognition in our markets. A decline in commission rates could
lower our revenues, which would adversely affect our
profitability. In addition, our competitors may offer other
financial incentives such as rebates or payments in order to
induce trading in their markets, rather than in our markets.


 




Reductions
in our exchange fee rates or commission rates resulting from
competitive pressures could lower our revenues and
profitability.



 



We may experience pressure on our exchange fee rates and
commission rates as a result of competition we face in our
futures and OTC markets. Some of our competitors offer a broader
range of products and services to a larger participant base, and
enjoy higher trading volumes, than we do. Consequently, our
competitors may be able and willing to offer commodity trading
services at lower commission rates than we currently offer or
may be able to offer. As a result of this pricing competition,
we could lose both market share and revenues. We believe that
any downward pressure on commission rates would likely continue
and intensify as we continue to develop our business and gain
recognition in our markets. A decline in commission rates could
lower our revenues, which would adversely affect our
profitability. In addition, our competitors may offer other
financial incentives such as rebates or payments in order to
induce trading in their markets, rather than in our markets.


 




These excerpts taken from the ICE 10-K filed Feb 13, 2008.
Reductions in our exchange fee rates or commission rates resulting from competitive pressures could lower our revenues and profitability.
 
We may experience pressure on our exchange fee rates and commission rates as a result of competition we face in our futures and OTC markets. Some of our competitors offer a broader range of products and services to a larger participant base, and enjoy higher trading volumes, than we do. Consequently, our competitors may be able and willing to offer commodity trading services at lower commission rates than we currently offer or may be able to offer. As a result of this pricing competition, we could lose both market share and revenues. We believe that any downward pressure on commission rates would likely continue and intensify as we continue to develop our business and gain recognition in our markets. A decline in commission rates could lower our revenues, which would adversely affect our profitability. In addition, our competitors may offer other financial incentives such as rebates or payments in order to induce trading in their markets, rather than in our markets.
 
Reductions
in our exchange fee rates or commission rates resulting from
competitive pressures could lower our revenues and
profitability.



 



We may experience pressure on our exchange fee rates and
commission rates as a result of competition we face in our
futures and OTC markets. Some of our competitors offer a broader
range of products and services to a larger participant base, and
enjoy higher trading volumes, than we do. Consequently, our
competitors may be able and willing to offer commodity trading
services at lower commission rates than we currently offer or
may be able to offer. As a result of this pricing competition,
we could lose both market share and revenues. We believe that
any downward pressure on commission rates would likely continue
and intensify as we continue to develop our business and gain
recognition in our markets. A decline in commission rates could
lower our revenues, which would adversely affect our
profitability. In addition, our competitors may offer other
financial incentives such as rebates or payments in order to
induce trading in their markets, rather than in our markets.


 




This excerpt taken from the ICE 10-K filed Feb 26, 2007.
Reductions in our exchange fee rates or commission rates resulting from competitive pressures could lower our revenues and profitability.
 
We may experience pressure on our exchange fee rates and commission rates as a result of competition we face in our futures and OTC markets. Some of our competitors offer a broader range of products and services to a larger participant base, and enjoy higher trading volumes, than we do. Consequently, our competitors may be able and willing to offer commodity trading services at lower commission rates than we currently offer or may be able to offer. As a result of this pricing competition, we could lose both market share and revenues. We believe that any downward pressure on commission rates would likely continue and intensify as we continue to develop our business and gain recognition in our markets. A decline in commission rates could lower our revenues, which would adversely affect our profitability. In addition, our competitors may offer other financial incentives such as rebates or payments in order to induce trading in their markets, rather than ours.
 
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