Geopolitics Alpha

Why Midstream is Betting on the Powder River Basin

Published . Updated .

GEOPOLITICS ALPHAWhy Midstream is Betting on thePowder River BasinGEOPOLITICS ALPHA

This report is about exchanges and trading.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF

    iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “betting” (exchanges and trading) in this story.

  • CME CME Group+7.1% 8d

    CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story.

  • ICE Intercontinental Exchange+0.8% 30d

    Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story.

  • CBOE Cboe Global Markets+14.4% 30d

    Cboe Global Markets (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story.

  • NDAQ Nasdaq+17.6% 30d

    Nasdaq (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IAI+0.20%-0.13%baseafter closeafter closeafter closeafter close
CME+4.03%+4.74%baseafter closeafter closeafter closeafter close
ICE+4.96%+2.57%baseafter closeafter closeafter closeafter close
CBOE+2.32%+4.41%baseafter closeafter closeafter closeafter close
NDAQ-2.18%-0.84%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.

Why Midstream is Betting on the Powder River Basin East Daley

Source: East Daley

Ishares Tr (IAI)

Those 4 earlier stories put Ishares Tr (IAI) at an average move of +0.72% the next day. Largest gain +0.72%, largest drop +0.72%, from 1 prices.

CompanyWhenAverageLargest gainLargest dropPrices
Ishares Tr (IAI)the next day+0.72%+0.72%+0.72%1
Cme Group (CME)the next day-4.53%-4.53%-4.53%2
Intercontinental Exchange (ICE)the next day-2.51%-2.51%-2.51%2
Cboe Global Markets (CBOE)the next day-4.33%-4.23%-4.43%2

Price since this story was published: Ishares Tr (IAI)

CompanyWhenMoveStatus
Cboe Global Markets (CBOE)three days earlier+4.41%final price
Cboe Global Markets (CBOE)five days earlier+2.32%final price
Cme Group (CME)three days earlier+4.74%final price
Cme Group (CME)five days earlier+4.03%final price
Ishares Tr (IAI)three days earlier-0.13%final price
Ishares Tr (IAI)five days earlier+0.20%final price
Intercontinental Exchange (ICE)three days earlier+2.57%final price
Intercontinental Exchange (ICE)five days earlier+4.96%final price
Nasdaq (NDAQ)three days earlier-0.84%final price
Nasdaq (NDAQ)five days earlier-2.18%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (IAI)

Companies tied to this story

  • IAI Ishares Tr

    Ishares Tr (IAI) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Why Midstream is Betting on the Powder River Basin.” Reason on file: iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “betting” (exchanges and trading) in this story

  • CME Cme Group

    Cme Group (CME) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Why Midstream is Betting on the Powder River Basin.” Reason on file: CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story

  • ICE Intercontinental Exchange

    Intercontinental Exchange (ICE) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Why Midstream is Betting on the Powder River Basin.” Reason on file: Intercontinental Exchange (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story

  • CBOE Cboe Global Markets

    In “Why Midstream is Betting on the Powder River Basin,” Cboe Global Markets (CBOE) is linked, with no stored direction, medium confidence. Reason on file: Cboe Global Markets (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story

  • NDAQ Nasdaq

    Nasdaq (NDAQ) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Why Midstream is Betting on the Powder River Basin.” Reason on file: Nasdaq (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story

How “Why Midstream is Betting on the Powder River Basin” reaches Ishares Tr (IAI)

Ishares Tr (IAI) is the company in “Why Midstream is Betting on the Powder River Basin,” the 29 Oct 2026 this story story.

What ties Ishares Tr (IAI) to the headline is this: iShares U.S. Broker-Dealers & Securities Exchanges ETF: it holds exchanges and brokers. Linked by “betting” (exchanges and trading) in this story

Also listed, Cme Group (CME): CME Group (security and commodity brokers, dealers, exchanges and services): exchanges and brokers earn more when trading activity grows. Linked by “betting” (exchanges and trading) in this story

The price range for Ishares Tr (IAI), and the dates in the story

CME traded between 290.48 and 309.31 across 6 sessions. The latest close on file is 293.50. ICE traded between 147.61 and 164.69 across 20 sessions. The latest close on file is 155.43.

How strong the case is around Ishares Tr (IAI)

40 out of 100

“Why Midstream is Betting on the Powder River Basin” scores 40 out of 100. The score uses 1 sources, and 5 linked companies.