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World Markets Exchanges

  • CARACAS, May 24- Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. Most Venezuela say they cannot get access to official exchange rates anyway and so must go to the black market, on which the bolivar...

  • FRANKFURT, May 22- Deutsche Boerse Chief Executive Carsten Kengeter's defense team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday. In return, the German stock exchange operator may face a fine of up to 10 million euros for delaying the announcement of its plans to merge with...

  • FRANKFURT, May 22- Deutsche Boerse Chief Executive Carsten Kengeter's defence team is negotiating with prosecutors to drop an insider trading investigation against him, German daily Handelsblatt reported on Monday. In return, the German stock exchange operator may face a fine for delaying the announcement of its plans to merge with the London Stock...

  • Tourists watching the bull statue in front of the Stock Exchange on the Bund, Pudong skyline in the distance, Shanghai, China.

    Chaotic trade in Chinese commodity futures is offering new opportunities for international exchanges that are trying to get raw material traders to manage their risks.

  • TOKYO, May 19- Japan tightened regulations on high-frequency trading this week, passing into law measures that will require HFT firms to register with regulators. The growing presence of HFT on the Tokyo Stock Exchange has raised concerns high-speed trading could destabilize markets and leave retail investors at a disadvantage. HFT accounted for about 70...

  • *OTC is cheaper alternative to a U.S. stock exchange listing. TEL AVIV, May 17- U.S. financial trading platform OTC Markets said it hopes to attract up to 18 Israeli companies this year, double the number last year, as they seek a cheaper alternative to listing on traditional exchanges such as Nasdaq. The average cost of listing on OTC is around $250,000, compared to...

  • NYSE has said NYSE American will have a similar model as IEX Group's Investors' Exchange, including a 350- microsecond delay, except it will have electronic market makers with obligations to ease the trading of NYSE American-listed stocks. IEX has a market share of 2.33 percent of U.S. stock trading, while NYSE MKT has a share of 0.19 percent so far this month,...

  • NEW YORK, May 16- Nasdaq Inc on Tuesday launched a service to help fund managers and quantitative traders better use data from social media, central bank announcements, retail sentiment and other sources to improve trading profits. The Nasdaq Analytics Hub will use machine intelligence, a subset of artificial intelligence, to derive signals from end-of-day...

  • SAO PAULO, May 12- B3 Bolsa Balcão Brasil SA, Brazil's largest exchange operator, posted a 56 percent drop in quarterly net income on Friday due to the costs of a merger creating the company out of rivals BM&FBovespa SA and Cetip SA Mercados Organizados. Net profit fell from a year earlier to 209 million reais, far below a Thomson Reuters consensus of 504 million...

  • *HKEx mainland China platform not operating yet. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would support futures trading at other Chinese exchanges. The spot trading platform is expected to be used in metals such as copper and nickel and is the HKEx's biggest attempt to...

  • *HKEx mainland China platform not operating yet. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would support futures trading at other Chinese exchanges. The spot trading platform is expected to be used in metals such as copper and nickel and is the HKEx's biggest attempt to...

  • *Platform in mainland China has not yet started operating. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would eventually offer trading in futures contracts. The platform, which will initially be used for spot trading in metals such as copper and nickel, is the HKEx's latest...

  • TORONTO, May 10- Canada's main stock index rose on Wednesday as higher oil prices supported energy shares, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors. U.S. crude oil prices settled $1.45 higher at $43.33 a barrel, bolstered by the biggest one-week drop in U.S....

  • TORONTO, May 10- Canada's main stock index rose on Wednesday as higher oil prices supported energy shares, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 64.01 points, or 0.41 percent, at...

  • TORONTO, May 10- Canada's main stock index inched higher on Wednesday morning as heavyweight energy stocks rose with higher oil prices, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors. The materials group, which includes precious and base metals miners and fertilizer...

  • TORONTO, May 10- Canada's main stock index rose in early trade on Wednesday, boosted by gains for energy and other resource stocks as oil prices rebounded, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting quarterly earnings. The Toronto Stock Exchange's S&P/TSX composite index was up 24.05 points, or 0.15 percent, to...

  • *CME, Thomson Reuters stepping down from fix. James Proudlock, managing director and head of market development for the exchange and its clearing business, said the exchange would take part in the process after a request for proposals was recently issued to find a replacement for CME Group and Thomson Reuters. The 140- year-old exchange took part in the bidding...

  • HONG KONG, May 10- The head of Hong Kong Exchanges and Clearing rebuffed criticism of the bourse's handling of the London Metal Exchange on Wednesday, but pledged to listen to core users of the world's oldest metal market as it plans more reforms. In his first speech since a major management reshuffle last month, Charles Li reinforced his message that a major...

  • HONG KONG, May 10- The head of Hong Kong Exchanges and Clearing on Wednesday said that fee hikes at the London Metal Exchange were "largely behind us," while acknowledging the challenges the bourse had faced since buying the LME five years ago. "In the history of the LME... the past five years is pretty short, but it feels very, very long," Charles Li said in some of his most...

  • Shares of CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, were up as much as 3.1 percent in morning trade, touching a record high of $84.81. CBOE's net income allocated to common shareholders fell to $15.1 million, or 16 cents per share, in the first quarter ended March 31, from $49.2 million, or 60 cents per share, a year earlier.