ESPN proposes Eagles trade Zach Ertz

ESPN proposes Eagles trade Zach Ertz

Philadelphia Eagles news and links for 10/16/20. Azerbaijani authorities on Friday accused Armenia of expanding the conflict over Nagorno-Karabakh by shelling a different region in Azerbaijan, a claim rejected by Armenian officials. /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today announced that it has entered into a…

Let’s get to the Philadelphia Eagles links …

NFL trade deadline offers: 13 proposals for players who could get dealt in 2020, including Sam Darnold, Dwayne Haskins, Zach Ertz – ESPN
Eagles trade Zach Ertz to Cardinals. Arizona Cardinals get: TE Zach Ertz, 2022 sixth-round pick — Philadelphia Eagles get: LB Haason Reddick, 2022 third-round pick. […] The Eagles wouldn’t be in line for a compensatory pick if they cut Ertz, so instead, they get a third-round pick in the 2022 draft. They also get Reddick, a former first-round pick who hasn’t panned out and is only playing half of the defensive snaps because the Cardinals don’t trust 2020 top-10 pick Isaiah Simmons. The Eagles are desperate for athletes at linebacker and might want to see if they can get more out of Reddick than the Cardinals have. Ertz is a beloved member of a Super Bowl-winning team, and trading him in the middle of a divisional race could backfire, but I’m not sure he is going to be in Philly much longer either way.

Report: Will Parks set to make Eagles debut vs. Ravens – BGN
t doesn’t often feel like the Philadelphia Eagles receive good news on the injury front but that’s actually the case here for a change. Will Parks received medical clearance to play in Sunday’s game against the Baltimore Ravens, according to a report from NFL Network’s James Palmer. The Eagles activated Parks’ 21-day practice window earlier this week. They’ll officially add him back to the 53-man roster at some point before 4:00 PM Eastern on Saturday.

Falling For Fulgham + Eagles-Ravens Preview – BGN Radio
Jimmy Kempski and Brandon Lee Gowton ponder if Travis Fulgham is for real, analyze Carson Wentz’s performance against the Steelers, preview the Ravens, make their NFL Picks and more! Powered by SB Nation and Bleeding Green Nation.

The once-reliable Carson Wentz-Zach Ertz dynamic seems as elusive as that big Eagles contract Ertz sought – Inquirer
But this is not like any other situation Ertz has encountered since arriving as a second-round pick from Stanford in 2013. The Eagles seem fine with letting Ertz believe he likely will be traded this coming offseason, which, for the team currently more over the projected 2021 cap than anyone else, would save more than $4.5 million in space, on that final year of the Ertz deal. (There are automatically voiding “dummy years” of 2022 and 2023, according to Spotrac.com.) Ertz found the Eagles’ most recent contract offer insulting. It sure seems that the team is prepared to go with Dallas Goedert as the No. 1 tight end.

Does unlocking Zach Ertz help unleash the offense? – PE.com
Naturally, Ertz was peppered with questions as he met the media on Thursday and he answered them all without flinching and without placing any blame and, frankly, without sounding concerned about his personal achievements. That the Eagles are 1-3-1 is the issue, although his production and wins have often gone hand in hand. Unlocking Ertz and the entire offense are priorities for the Eagles. “I’m trying to do everything I can, Carson (Wentz, quarterback) is trying to do everything he can at the end of the day to win football games,” Ertz said. “It really doesn’t matter how many targets I have. I’ve been saying this for years now whether I had 10 catches or one catch. For me, it’s all about finding ways to win a football game and those big games, those 10-catch games, they’re probably going to come, but at the end of the day we’ve just got to find a way to win. We’re 1-3-1, not exactly the start that we probably envisioned at the start of the year.”

Zach Ertz’s dip in production among the juicy topics in Kapadia’s Eagles mailbag – The Athletic
I think we should start by identifying which players you’re talking about. I would guess you mean L.J. Fort, who signed with the Ravens last season and received an extension, and Rasul Douglas, who is starting games for the Panthers. So we’re talking about rotational/starting-caliber players, but it’s not like these guys are stars. So I don’t think it has much to do with the part about Howie Roseman bringing in talented players. The Eagles are old, expensive and not very good. That falls on Roseman, and the fact that a few guys are having success elsewhere doesn’t change those things.

A look at Eagles WRs Travis Fulgham, John Hightower and Jalen Reagor, with gifs and stuff – PhillyVoice
Outlook: We’ll see, but the Eagles may have something here. Fulgham has pretty much been what the Eagles hoped J.J. Arcega-Whiteside would be. If he continues to play anywhere near this level for the entirety of the season, the Eagles could have their starting X receiver of the future.

Eagles rookie shares story about Carson Wentz’s leadership – NBCSP
Injuries happen and Wentz needed to make sure the rookie stayed ready. “I do feel like that was the whole reason (he did that), like maybe, what if I came back and I had to be the man up? Would I know what I was doing?” Watkins said on Thursday afternoon. “That was really the thing he was trying to see. When I come back, can he have trust in me to make plays and know what I’m doing?” Wentz, 27, is in his fifth year in the NFL. As a quarterback, he’s an obvious leader but he’s worked really hard on his leadership skills in recent seasons. Something like this, as simple as it is, shows off those leadership qualities. Some quarterbacks might only worry about the guys who are suiting up but Wentz took the time to make sure his backups were ready too.

Evans: Fantasy Football Passing Report ahead of NFL Week 6 – PFF
Travis Fulgham went bonkers against the Steelers with a 10-152-1 receiving line, and his usage backs up the stellar performance. The Eagles are starved for playmakers on offense and there is a real possibility that Fulgham seizes this opportunity. He is the best fantasy option here while DeSean Jackson and Jalen Reagor are out. John Hightower had an astounding 211 air yards but caught just two passes for 18 yards. Hightower had big-play chops at Boise State last year with 33 targets 20-plus yards downfield (ninth-most in college football) and can be viewed as a poor man’s DeSean Jackson with a high ceiling and bottom-barrel floor. Greg Ward had a sub-par target and air-yard share, and he was surpassed in usage by Fulgham and Hightower. His fantasy stock is trending down. Zach Ertz had one catch for six yards on six targets. He flat out stinks right now and should not sniff your starting lineup.

Start and Sit: Week 6 – Football Outsiders
I’m enamored with Travis Fulgham after his 152-yard breakout against the Steelers on Sunday. And with DeSean Jackson and Alshon Jeffery major question marks even if they play, we are projecting Fulgham for a top-20 true-talent target share this week. That still doesn’t make him a top-20 fantasy option facing the Ravens. Cornerback Marlon Humphrey is a brand name, and justifiably given his top-five 5.1 yards allowed per target last season. You can trace his excellence in the split of the Ravens’ defensive factors for No. 1 and No. 2 receivers. The former set sees their yards per target cut by 19%, top-five in football, while the latter lands close to neutral at just a 2% decrease. There probably isn’t an Eagles receiver to take advantage of that relative weakness, but I still suggest you bench Fulgham in your shallower formats this week given his 25th-place ranking among receivers. Just don’t drop him.

The Battle of the Birds: Who will prevail? – Baltimore Beatdown
Despite historic trends of close outcomes between the Ravens and the Eagles, I don’t expect that to be the case on Sunday. Baltimore is too well-coached, talented, and well-balanced for the Eagles to come away with a victory. A myriad of injuries for the Eagles doesn’t help their case either. A more-than-underwhelming Wentz doesn’t have the weapons or talent to pick apart Baltimore’s Top-5 defense. I still do believe Wentz can rediscover his greatness from a couple of years ago, but the Baltimore defense is way too strong and driven to allow for Wentz to do damage against them. I expect a mild blowout at the hands of the Ravens barring any unforeseen circumstances.

2020 Fantasy Football Rankings: Tight Ends in Week 6 – Fake Teams
4) Mark Andrews has a great matchup against the Eagles, too. This ranking isn’t a slight to him, it’s just promotion of what Smith has done. The Eagles rank inside the bottom six teams of the league in receptions, yards, and touchdowns to enemy tight ends.

Six things not named Andy Dalton that will determine the Cowboys’ season – Blogging The Boys
The receiving corps. Spoiler alert: This ain’t a problem. In Amari Cooper, Michael Gallup, CeeDee Lamb, and Cedrick Wilson, Dalton has as good an array of weapons to throw to as any quarterback in the NFL. You can probably include Dalton Schultz, who has really earned his paycheck replacing Blake Jarwin. But it is those wide receivers that are the big guns. Cooper or Lamb would likely be WR1 on most NFL teams, and Gallup would be WR1 on quite a few. Even Wilson could be a top three WR for some squads. If there is a reason to have real hope for Dallas, this is it. Outlook: Cooper is going to get his yards and catches against just about anyone, especially with the other threats around him. Lamb is on track as a candidate for OROY. And Gallup just keeps gashing teams on the deep sideline routes. We’re good to go here.

Business of Football: Dak Prescott’s Injury Won’t Significantly Hurt His Career Earnings – MMQB
Much more likely is that this upcoming February we will be in the same place we were last February: with Prescott a pending free agent and the Cowboys having to 1) negotiate a long-term contract; 2) re-apply the franchise tag, or 3) set him free into a marketplace desperate for young and proven quarterbacks. And my sense is that, as long as his recovery and rehabilitation has gone well, Prescott will again be in a position to leverage, at the least, a franchise tag of around $38 million for the 2021 season.

Poll: Giants keep losing, but fan confidence keeps rising – Big Blue View
There is something strange afoot in the New York Giants fan base. At least in the part of the fan base that votes in the weekly SB Nation Reacts survey. The Giants keep losing, now 0-5 on the season. Yet, for two weeks running, voters in our poll have shows increasing confidence in the team.

SB Nation fans project 3 losses for NFC East teams this week – Hogs Haven
That’s why this game against the Giants is so huge for both teams. With Dallas on the horizon a week from now, back to back wins for the Washington Football Team could see them undefeated inside the division with a full game lead on Dallas going into the Week 8 bye. On the other hand, two losses would leave the burgundy and gold mired in last place with a 1-2 division record, 1-6 overall, and a long bye week full of questions with no good answers.

Chiefs to sign running back Le’Veon Bell on a one-year deal – Arrowhead Pride
Like the Chiefs’ current starter, Clyde Edwards-Helaire, Bell offers a dual-threat out of the backfield — and he is likely to step in immediately as the Chiefs’ change-of-pace back behind Edwards-Helaire. Darrel Williams, Darwin Thompson and DeAndre Washington remain on the Chiefs’ roster.

SB Nation NFL Expert Picks, Week 6: Bears vs. Panthers is the most intriguing matchup of the week – SB Nation
Our panel is starting to find their rhythm in the season and everyone is close in total record, but this week there’s one game that has split the experts: Bears vs. Panthers. Two of the NFC’s biggest surprises, both Chicago and Carolina are lingering in that weird middle ground where people are still trying to determine whether they’re for real, or pretenders. The Bears have given us some truly shocking wins en route to their 4-1 record, including a one point win over the Buccaneers on Thursday Night Football.

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Azerbaijan, Armenia trade accusations on Caucasus conflict

Azerbaijan, Armenia trade accusations on Caucasus conflict

BAKU, Azerbaijan (AP) – Azerbaijani authorities on Friday accused Armenia of expanding the conflict over Nagorno-Karabakh by shelling a different region in Azerbaijan, a claim rejected by Armenian officials.

Armenia, in turn, charged that the Azerbaijani troops executed two Armenian war prisoners – which Azerbaijan dismissed as a “provocation.”

The mutual accusations come amid intense fighting that has raged for nearly three weeks despite a Russian attempt to broker a truce, marking the largest escalation of hostilities between the South Caucasus neighbors in more than a quarter-century.

Azerbaijan’s Defense Ministry said a missile fired by Armenian forces hit near Orduba, in Azerbaijan’s Nakhchivan region, on Thursday, causing no casualties.

Armenian Defense Ministry spokeswoman Shushan Stepanian said no missiles were fired at the Nakhchivan region.

On Friday, Armenian Foreign Minister Zohrab Mnatsakanyan pointed to a video purportedly showing the execution of two Armenian prisoners by Azerbaijani troops, denouncing it as a proof of Azerbaijan “barbarity.” ”They trample on any civilized norms,” Mnatsakanyan said after talks with his visiting Greek counterpart, Nikos Dendias, in Yerevan.

Azerbaijan’s Defense Ministry dismissed the video as a fake “fabricated by the Armenians to attract the global community’s attention.” It insisted that Azerbaijani troops fully observe international humanitarian norms.

Nagorno-Karabakh lies within Azerbaijan but has been under the control of ethnic Armenian forces backed by Armenia since a war there ended in 1994. The latest outburst of fighting began on Sept. 27 and has involved heavy artillery, rockets and drones, killing hundreds.

Russia, which has a security pact with Armenia but also has cultivated warm ties with Azerbaijan, hosted top diplomats from both countries for more than 10 hours of talks that ended with Saturday’s cease-fire deal. But the agreement immediately buckled, with both sides blaming each other for breaching it.

The Kremlin said that Russian President Vladimir Putin chaired a meeting of his Security Council Friday to discuss the conflict and other issues.

Azerbaijan has insisted it has the right to reclaim its land by force after efforts by the so-called Minsk group of international mediators that comprises Russia, the United States and France failed to yield any progress. It has actively pushed for its ally Turkey to take a prominent role in future peace talks.

Turkey strongly condemned the alleged attack on Azerbaijan’s Nakhchivan region, with which it shares a short border, and invited Armenia to “calculate the consequences of its aggressive acts.”

A Turkish Foreign Ministry statement also described the alleged attack as an attempt by Armenia to take the conflict outside the lands it holds.

In what was seen by some as a warning to Turkey that Moscow sees the South Caucasus region as part of the sphere of its vital security interests, the Russian navy on Friday launched maneuvers in the Caspian Sea. The Russian military said the drills would involve warships firing missiles at practice targets.

The Interfax news agency quoted retired Adm. Viktor Kravchenko, the former Russian navy’s chief of staff, as saying that the maneuvers were intended to serve as a reminder that Russia has strategic interests in the region.

___

Associated Press writers Avet Demourian in Yerevan, Armenia, Vladimir Isachenkov in Moscow and Suzan Fraser in Ankara, Turkey contributed to this report.

Copyright © 2020 The Washington Times, LLC.

Source: www.washingtontimes.com

Author: The Washington Times http://www.washingtontimes.com


Cboe Global Markets Agrees to Acquire BIDS Trading, the Largest Independent Block Trading ATS in the U.S.

Cboe Global Markets Agrees to Acquire BIDS Trading, the Largest Independent Block Trading ATS in the U.S.

CHICAGO, Oct. 16, 2020 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), a market operator and global trading solutions provider, today announced that it has entered into a definitive agreement to acquire BIDS Trading, a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), the largest block-trading ATS by volume1 in the U.S., subject to regulatory review and other customary closing conditions.

The planned acquisition of BIDS Trading will provide an opportunity for Cboe to diversify its U.S. equities offering beyond traditional exchange products and services. BIDS Trading’s proven block trading capability will provide Cboe with a significant foothold in the off-exchange segment of the U.S. equities market, which now accounts for more than 40 percent of overall U.S. equities trading volume. Working with BIDS Trading, Cboe has already employed block trading to great effect in European equities trading through Cboe LIS and ownership of BIDS Trading will provide additional opportunities to expand Cboe’s presence in North American equities. Additionally, BIDS Trading’s differentiated network of global buy-side investment managers and sell-side constituents provides the foundation for Cboe to potentially build more off-exchange products and services in non-U.S. equities or options products and in other geographies beyond the U.S.

“We are pleased to build upon our innovative and successful partnership with BIDS Trading, which began with the 2016 launch of Cboe LIS, now one of the largest European equities block trading platforms,” said Ed Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer. “The acquisition complements our U.S. equities trading business by expanding our presence into the off-exchange space. We are excited by the opportunity to further diversify and expand our equities trading offering and begin competing in this segment of the market. I look forward to welcoming Tim and the BIDS Trading team to Cboe.”

Cboe and BIDS Trading began working together in 2016 to create Cboe LIS, a European equities block trading venue that launched in December of that year. Powered by BIDS technology, Cboe LIS has grown into one of the largest block trading platforms in Europe, with average daily volume of approximately €240 million.  

“The partnership Cboe and BIDS Trading have established in Europe has been very successful and we look forward to joining the Cboe Global Markets family,” said Tim Mahoney, Chief Executive Officer of BIDS Trading. “We believe joining the Cboe family will enable us to pursue additional opportunities that are beneficial to BIDS Trading Subscribers and Sponsored Users as Cboe continues to expand its business across new geographies and reaches new customers.”

The transaction, which Cboe plans to fund with debt, is expected to close in early 2021, subject to regulatory review and other customary closing conditions. Terms of the deal were not disclosed, however the company noted that the purchase price is not material from a financial perspective. BIDS Trading generated approximately $42 million in net revenue over the last 12 months ending June 30, 2020 and is expected to be immediately accretive to the company’s earnings, contributing adjusted earnings per share of approximately $0.05 – $0.06 in 2021. For additional background information on BIDS Trading, see the slide deck available under events and presentations on Cboe’s Investor Relations website at http://ir.cboe.com/events-and-presentations.

Cboe expects to maintain the BIDS ATS as an independently managed and operated trading venue, separate from and not integrated with the Cboe U.S. securities exchanges. BIDS Trading Chief Executive Officer Tim Mahoney is expected to remain in his current role and lead BIDS Trading as an independent business within Cboe Global Markets, reporting into an independent committee of the board of Cboe Global Markets.

BIDS Trading was established in 2006 and has grown to become the largest independent block-trading ATS in the U.S., bringing together counterparties to anonymously trade large blocks of shares. BIDS Trading has a long history of deep and broad relationships with buy-side clients. BIDS Trading is based on a broker-neutral model and is open to sell-side firms and their sponsored buy-side clients who can place orders directly into the platform. The company’s highly regarded software, BIDS Trader, has extensive buy-side channel distribution via seamless integration with buy-side traders’ Order and Execution Management Systems (OEMS).

Legal advisors to Cboe Global Markets on the transaction are Davis Polk & Wardwell LLP and WilmerHale, and financial advisors are Goldman Sachs & Co. LLC and Centerview Partners LLC. Legal advisor to BIDS Trading is Morgan, Lewis & Bockius LLP, with Broadhaven Securities, LLC serving as financial advisor.   

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE) provides cutting-edge trading and investment solutions to market participants around the world. The company is committed to defining markets through product innovation, leading edge technology and seamless trading solutions.

The company offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S., Canadian and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and volatility products based on the Cboe Volatility Index (VIX Index), recognized as the world’s premier gauge of U.S. equity market volatility.

Cboe’s subsidiaries include the largest options exchange and the third largest stock exchange operator in the U.S. In addition, the company operates one of the largest stock exchanges by value traded in Europe, and owns EuroCCP, a leading pan-European equities clearing house. Cboe also is a leading market globally for ETP listings and trading.    

The company is headquartered in Chicago with a network of domestic and global offices across the Americas, Europe and Asia, including main hubs in New York, London, Kansas City and Amsterdam. For more information, visit www.cboe.com.

About BIDS Trading

BIDS Trading, L.P. is a registered broker-dealer and the operator of the BIDS Alternative Trading System (ATS), which was designed to bring counterparties together to anonymously trade large blocks of shares. Developed by a consortium of leading financial services firms, the BIDS ATS resolves the classic paradox of the block trader – the need to find legitimate trading counterparties without prematurely revealing trading intentions. The BIDS ATS is open to all qualifying broker-dealers and their institutional clients, subject to basic credit and regulatory requirements. For more information, visit www.bidstrading.com.

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Cboe®, Cboe Global Markets®, Cboe Volatility Index®, and VIX® are registered trademarks of Cboe Exchange, Inc.  BIDS Trading® is a registered trademark of BIDS Holdings, L.P. All other trademarks and service marks are the property of their respective owners.

This press release includes accretion in our expected adjusted EPS, a non-GAAP financial measure, that excludes certain items we do not consider reflective of our cash operations and core business performance. In particular, expected adjusted EPS accretion for the BIDS Trading acquisition for the twelve months ended December 31, 2021 is adjusted to deduct approximately $5 million pre-tax in estimated amortization of intangibles. We believe that the presentation of this non-GAAP measure provides investors with greater transparency and supplemental data relating to our financial condition and results of operations. This adjusted non-GAAP measure should be considered in context with our GAAP results.

Specific quantifications of the amounts that would be required to reconcile expected accretion in adjusted EPS to the most comparable GAAP metric are not available. The company believes that there is uncertainty and unpredictability with respect to the most comparable GAAP measure, which preclude the company from providing an accurate reconciliation. The company believes that providing estimates of the amounts that would be required to reconcile the adjusted EPS would imply a degree of precision that would be confusing or misleading to investors for the reasons identified above.

Cautionary Statements Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as “may,” “might,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the impact of the novel coronavirus (“COVID-19”) pandemic, including changes to trading behavior broadly in the market; the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes; our ability to protect our systems and communication networks from security risks, cybersecurity risks, insider threats and unauthorized disclosure of confidential information; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; fluctuations to currency exchange rates; our index providers’ ability to maintain the quality and integrity of their indexes and to perform under our agreements; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to attract and retain skilled management and other personnel; our ability to minimize the risks, including our credit and default risks, associated with operating a European clearinghouse; our ability to accommodate trading volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; our ability to manage our growth and strategic acquisitions or alliances effectively; restrictions imposed by our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; and the accuracy of our estimates and expectations. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2019 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

1 A block is defined as 10,000+ shares; Source: FINRA, please see FINRA website for complete data.

SOURCE Cboe Global Markets, Inc.

http://www.cboe.com

Source: www.prnewswire.com

Author: Cboe Global Markets, Inc.


ESPN proposes Eagles trade Zach Ertz


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