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World Markets Exchanges

  • CHICAGO, Dec 1- CME Group Inc plans to strengthen efforts to deter wrongdoing in markets by raising the maximum possible fine for rule breakers, the company said on Thursday, further raising the stakes for rogue traders following the first U.S. criminal convictions for the manipulative practice known as spoofing. The owner of the Chicago Board of Trade, New York...

  • FRANKFURT, Dec 1- Normally the place to buy or sell shares in Germany's top companies, Deutsche Boerse is launching a new exchange for people to trade virtual goods from video games, tapping into a multi-billion U.S. dollar market. The stock exchange operator, in the process of merging with the London Stock Exchange, has formed a joint venture, dubbed Switex, with...

  • CHICAGO, Nov 30- CME Group Inc will set a monthly record for trading volumes in November, a top executive said on Wednesday, as U.S. Three of CME's top 10 trading days for volumes have occurred since Trump's election on Nov. 8, and volumes have been averaging more than 20 million contracts per day, said John Pietrowicz, CME's chief financial officer, on a webcast of a JP...

  • FRANKFURT, Nov 30- Innogy, Germany's largest energy group, plans to spend the 2 billion euros it raised last month in a stock listing on growth projects rather than big acquisitions. "The 2 billion have been budgeted for the next two to three years," Innogy Chief Executive Peter Terium said at the ICFW journalist club on Tuesday. German utility RWE listed a minority...

  • TORONTO, Nov 29- Canada's biggest stock exchange operator is committed to exploring new technologies such as blockchain despite the exit of its first chief digital officer after less than a year in the job, a senior TMX Group Ltd executive said on Tuesday. TMX runs the Toronto Stock Exchange, the TSX Venture for junior issuers and the Montreal Exchange for...

  • Nov 28- The first chief digital officer of TMX Group Ltd's Toronto Stock Exchange has left the organization to devote more time to his venture based on blockchain, the technology behind the bitcoin cryptocurrency, the executive said on Monday. Anthony Di Iorio, founder of the Bitcoin Alliance of Canada and a co-founder of Ethereum, a blockchain-based computing...

  • Anthony Di Iorio, founder of the Bitcoin Alliance of Canada and a co-founder of Ethereum, a blockchain-based computing platform, was hired by Canada's largest stock exchange in January. He left in September to focus on Jaxx, a universal "wallet" for holding cryptocurrencies and "tokens" that facilitate transactions in blockchain-based applications, Di Iorio...

  • Nov 25- The Islamic Development Bank will seek a strategic stake in Turkey's main stock exchange and collaborate on developing a gold trading platform for use by majority-Muslim countries, part of a broad agreement signed on Thursday. The IDB and Borsa Istanbul would also seek to develop an integrated gold trading platform to be established within the stock...

  • TORONTO, Nov 21- Canada's competition watchdog concluded on Monday that the country's largest stock exchange operator, TMX Group Ltd, did not violate anti-competitive rules despite its refusal to share private market data with a rival. The statement followed an investigation prompted by a December 2015 complaint by Aequitas Innovations Inc, which operates...

  • Mergent would become part of the UK firm's information services division, adding data on 250 million public and private companies to LSE Group's basket. LSE Group did not disclose the terms of the Mergent deal, which is expected to close by Jan. 31. LSE Group, which also owns Borsa Italiana, saw strong business in its latest quarter as the London stock market hit...

  • Nov 21- London Stock Exchange Group Plc said on Monday that it would acquire business and financial information provider Mergent Inc.. LSEG, which agreed to merge with German rival Deutsche Boerse to create a giant European trading house, said the Mergent business will be a part of its information services division. The company did not disclose the terms of the...

  • TORONTO, Nov 17- Former TMX Group Ltd executive Kevan Cowan has been appointed chief regulator of a yet-to-be-created national securities regulator meant to unify the current patchwork of provincial entities, its implementation body said on Thursday. The much-delayed cooperative system which currently includes British Columbia and Ontario, as well as...

  • Dead for now is any prospect of the SEC approving a tough fiduciary rule for financial advisers, say policy experts. Trump's decision to tap former Republican SEC Commissioner Paul Atkins to help manage the Trump team's transition efforts at the SEC and other financial agencies offers a window into some other changes that could be in store.

  • Dead for now is any prospect of the SEC approving a tough fiduciary rule for financial advisers, say policy experts. Trump's decision to tap former Republican SEC Commissioner Paul Atkins to help manage the Trump team's transition efforts at the SEC and other financial agencies offers a window into some other changes that could be in store.

  • Nov 14- Nasdaq Inc said on Monday that its long-time chief executive Robert Greifeld would retire and that Adena Friedman, president and chief operating officer, would become CEO as of Jan. 1. Greifeld, 59, has headed the trans- Atlantic stock exchange operator since 2003 and wrote his graduate thesis on the operation of the exchange. Under Greifeld, Nasdaq grew...

  • Nov 14- Transatlantic exchange operator Nasdaq Inc on Monday named Adena Friedman as its chief executive officer, replacing Bob Greifeld who will become the chairman.

  • NEW YORK, Nov 14- IEX Group, operator of the newest U.S. stock exchange, on Monday said it hired former Morgan Stanley executive Sara Furber to help it challenge Nasdaq Inc and Intercontinental Exchange Inc's New York Stock Exchange for corporate listings. The New York- based company, which was featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," has been...

  • Nov 10- Phupinder Gill, chief executive of CME Group Inc since 2012, will retire at year's end, the world's largest futures market operator said in a statement on Thursday. Executive Chairman Terrence Duffy has taken on the additional role of CEO, and Bryan Durkin, chief commercial officer currently, was made president of the company. Malaysia- born, Singapore-...

  • Nov 10- The holding company for Chicago Mercantile Exchange Inc CME Group Inc said Chief Executive Phupinder Gill informed the board that he would retire at the end of this year. Chairman Terry Duffy will take up the additional role of CEO after Gill leaves, the company said. Gill was named CEO in 2012..

  • NEW YORK, Nov 9- Banks, stock exchanges and brokers enjoyed a surge in trading volumes on Wednesday after a surprise victory for Republican presidential candidate Donald Trump sent investors scrambling to reposition their portfolios. The surge in trading, which spanned equities, foreign exchange and bonds, was a boon for banks' trading arms, which beat...