World Markets Exchanges

  • *HKEx plans to start metals trading platform in southern China. MELBOURNE, June 9- Hong Kong Exchanges and Clearing plans to develop an industrial user base to back its metals trading hub slated for southern China, pushing to build its commodity business in the world's No.2 economy. HKEx bought the LME for $2.2 billion at the peak of the commodities boom back in...

  • LONDON, June 7- If you want to understand why some members of the London Metal Exchange are so unhappy with the way things are going that they are considering forming their own metals-trading platform, look no further than the latest exchange notice to members. Dated Monday, the LME said it has received an application for exchange membership from Jump Trading...

  • *Around 350 spot commodity trading platforms in China. SHANGHAI/ BEIJING, June 7- Chasing the promise of outsized returns, 48- year-old businessman He Xiaolun started trading oil last August on a platform developed by the Shaanxi Non-ferrous Metal Exchange. Over the next five months, he lost nearly 3 million yuan.

  • The boards of the London Stock Exchange and Deutsche Boerse confirmed on Tuesday that they are discussing a potential merger.

    London Stock Exchange Group said its planned $30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group.

  • BRIEF-LSE GROUP SAYS COMPLETED SALE OF FRANK RUSSELL'S ASSET. *Expected net proceeds to be realised by LSEG will be approximately us $920 million, as previously indicated,. *Has received cash proceeds at closing, net of payment of tax on gains, of approximately $650 million.

  • June 1- London Stock Exchange Group said its planned $30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to 250 million euros in revenue benefits a year. The company, which owns Borsa Italiana and the London Stock Exchange, said about 160 million euros per year would come by the...

  • June 1- London Stock Exchange Group Plc said its almost $30 billion planned merger with German peer Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to 250 million euros in revenue synergies a year. LSE's shareholders will be asked to approve the merger on July 4, the company said. Britons will vote on June 23 on...

  • June 1- London Stock Exchange Group Plc. *LSEG shareholders will be asked to approve scheme and merger at court meeting and LSEG general meeting on July 4 2016. *Expect that quantified revenue synergies of at least eur 250 million will be realized progressively.

  • FRANKFURT, May 31- Deutsche Boerse could become a takeover target if its planned $30 billion tie-up with London Stock Exchange were to fail, the German exchange operator's chief executive said. Chicago- based rival CME Group, whose $33 billion market capitalisation is twice that of Deutsche Boerse's, could become a suitor, Carsten Kengeter told the ICFW...

  • *Amsterdam attracting a series of new listings. Philips set an IPO price of 20 euros Thursday night, implying a market capitalisation of 3 billion euros, or an enterprise value of 4.5 billion euros including debt.. The shares rose eight percent to 21.45 euros in early trading in Amsterdam.

  • *New Zealand bourse launches milk futures. WELLINGTON, May 27- Financial exchange operator NZX Ltd on Friday launched New Zealand's first milk futures contract, offering dairy farmers in the country a new tool to manage risk as they grapple with plunging prices. New Zealand and its 10,500 farmer shareholders of the Fonterra Cooperative Group Ltd, the world's...

  • Time to ditch the Dow?

    David Blitzer, S&P Dow Jones Indices Chairman, and Hart Lambur, Openfolio Founder & CEO, discuss the Dow Jones Industrial Average's 120th birthday and whether the index is still relative today.

  • SINGAPORE/ LONDON, May 25- London's Baltic Exchange has entered into exclusive talks with Singapore Exchange over a possible sale, months after approaches from several suitors to acquire the centuries-old business, sources familiar with the matter said on Wednesday. The London Metal Exchange, CME Group, ICE, state-run conglomerate China Merchants Group and...

  • NEW YORK, May 24- Stock exchange operator Nasdaq has rejected a listing application by MassRoots Inc on the grounds that it may aid in the use and dealing of an illegal substance, the cannabis social networking company said on Tuesday. The Denver- based company, which connects cannabis users, activists and business people through its mobile applications and web...

  • SAO PAULO, May 20- Shareholders of BM&FBovespa SA and Cetip SA Mercados Organizados agreed on Friday to combine their businesses, blessing the creation of a regional operation with businesses from Mexico to Chile. At separate ballots that took place on Friday, shareholders of both companies also decided to drop a compulsory tender offer that BM&FBovespa...

  • NYSE said in a statement that "trading has resumed in those symbols at 1:17 p.m. ET and all systems are now operating normally." Nasdaq and Bats Global Markets declared "self-help" against the NYSE, which occurs when another exchange is dealing with internal problems processing trades and orders are routed through alternate venues. "Orders just get routed to the...

  • The most recent notification from the NYSE, issued at 11:32 a.m. EDT said the issue was in one trading unit which was affecting 199 symbols. Several exchanges, including Nasdaq Inc and Bats Global Markets Inc declared "self-help" against the NYSE, which occurs when an exchange is dealing with internal problems processing trades and orders are routed through...

  • Several exchanges, including Nasdaq Inc and Bats Global Markets Inc declared "self-help" against the NYSE, which occurs when an exchange is dealing with internal problems processing trades and needs to send orders through alternate venues. The NYSE announced the issue at 9:47 a.m. EDT which affected roughly 200 symbols, including Jones Lang LaSalle Inc, C. R....

  • WASHINGTON, May 17- Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission said on Tuesday. The SEC, which oversees U.S. securities markets, said some major exchanges, dark pools and clearing houses did not have cyber policies in place that matched the sort of risks they faced. "What we found, as a general...

  • *UK officials also visit China to discuss regulation- sources. HONG KONG/ BEIJING, May 15- China has asked Britain for advice on plans to create a financial super-regulator, as it looks to improve financial oversight following last year's stock market crash, sources with knowledge of the talks told Reuters. The discussions between representatives from China and...