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It was steady-as-she-goes for insurance stocks in the second quarter, based on the performance of A.M. Best’s stock indexes, according to an exclusive story in BestWeek U.S./Canada.

The Nasdaq Composite rose as technology shares benefited from stronger-than-expected economic data, and Apple shot to a record on expectation of continued strong sales for its iPhone.

The Nasdaq Stock Market, Inc. announced it will introduce The NASDAQ ETF Market, a market segment designed specifically for exchange traded funds and Index Linked Notes. The program will further strengthen NASDAQ's leadership position in the U.S. ETF sector. In May 2007, NASDAQ captured more U.S. ETF market share than any other U.S. exchange -- with total ETF volume at 54.1%.

US stocks ended higher in a holiday-shortened session on Tuesday, helped by more takeover talks and news that Apple could see higher-than-expected profit margins from its iPhone.

US stocks rallied on Monday, the first day of the third quarter, boosted by a fresh round of takeover activity and a drop in bond yields.

The Chicago Board of Trade announced that it set a new record for quarterly trading volume, with 255,947,010 contracts traded during the second quarter of 2007. Total second quarter volume increased by 23 percent compared with the same quarter in 2006. Exchange average daily volume (ADV) reached a record 3,999,172 contracts during the second quarter, up 21 percent over the second quarter of 2006. Volume on the e-cbot(R) electronic trading platform set quarterly records for both total volume and ADV. Total electronic volume was 200,531,673 contracts, and electronic ADV was 3,133,307 contracts - up 43 percent and 41 percent, respectively, over the second quarter in 2006.

The Boards of Borsa Italiana S.p.A. and London Stock Exchange Group plc announce that they have entered into an agreement on the terms of a recommended offer to be made by the London Stock Exchange to the shareholders of Borsa Italiana. The merger of Borsa Italiana and the London Stock Exchange creates the leading diversified exchange group in Europe and the platform for additional strong growth on a European and global scale.

While globalization is impacting many facets of the financial services industry, transformation across the securities industry is particularly heated. Recent deals inked in the last year alone – such as CME/CBOT, NYSE/EuroNext, NYSE and India's National Stock Exchange, and NYSE/Tokyo Stock Exchange - are just some of the evidence of the reinvention of the global capital market.

The Nasdaq Stock Market, Inc. announced its consolidated market performance statistics for the NASDAQ Market Center for the month of May.

May was the strongest month for money raising through IPOs on the London Stock Exchange since July last year. 23 new companies, from fourteen different sectors, conducted IPOs on the Exchange’s markets during the month, raising £5.7 billion between them. This total included: three international IPOs on the Main Market, which raised £4.3 billion between them; seven UK IPOs on the Main Market, raising £720.5 million between them; and 13 AIM IPOs raising £685.9 million.