World Markets Exchanges

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  • *JPMorgan says has resolved legacy system and control problems. The SFC said in a statement published on Tuesday the bank's Hong Kong broking business had mistakenly routed principal orders into its off-exchange dark pool trading platform, despite advising the SFC the pool only matched client trades. "We have fully co-operated with the SFC and are pleased to...

  • TORONTO, Dec 8- Canadian exchange operator Aequitas Innovations alleged on Tuesday that rival TMX Group was abusing its market dominance to overcharge for data, and said it has filed a complaint with the Canadian competition watchdog seeking an investigation. "We charge competitively for market data, commensurate with the value of the products and services...

  • BEIJING, Dec 4- China on Friday announced circuit-breaker mechanisms to prevent systemic risk in case of sharp stock-market falls, and it appears close to pushing ahead long-awaited reforms for initial public offerings. The circuit-breaking rules for all Chinese exchanges were announced by the Shanghai Stock Exchange and will take effect on Jan. 1.

  • BEIJING, Dec 4- China will introduce circuit breakers to the Shanghai Stock Exchange, Shenzhen Stock Exchange and China Financial Futures Exchange on Jan. 1, 2016, Shanghai Stock Exchange said in statement on Friday. If a 5 percent move occurs after 2:45 pm, it will also halt trade for the rest of the day. The exchange said the plan has been approved by China's Stock...

  • Three CME Group customers filed the lawsuit last year claiming that the Chicago- based company had created a marketplace fraught with manipulation and "surreptitious trading" by fast traders that caused the prices of futures contracts to be artificial. The customers- William Braman, Mark Mendelson and John Simms- are considering their options after Judge...

  • SAO PAULO, Dec 3- Cetip SA Mercados Organizados said on Thursday that an unsolicited offer from rival bourse operator BM&FBovespa SA fails to properly value the assets, market position and growth prospects of Brazil's largest securities clearinghouse. In a securities filing, the board of Cetip said the offer of 39 reais a share in a non-binding offer does not...

  • CHICAGO, Dec 3- A U.S. judge in Chicago on Thursday dismissed a lawsuit accusing CME Group Inc, the world's largest futures exchange operator, of selling market data to high-frequency traders and cheating other investors. Three CME Group customers, who filed the lawsuit last year, claimed that the Chicago- based company had created a marketplace fraught with...

  • CHICAGO, Dec 3- A U.S. judge in Chicago on Thursday dismissed a lawsuit accusing CME Group Inc, the world's largest futures exchange operator, of selling market data to high-frequency traders and cheating other investors. Three CME Group customers, who filed the lawsuit last year, failed to allege that they had suffered actual losses on any specific transactions...

  • NEW YORK, Dec 1- TD Ameritrade Holding Corp, the No. 1 U.S. retail brokerage by trade executions, said on Tuesday it was moving its stock listing back to Nasdaq Inc from the New York Stock Exchange after a little over three and a half-years. The move is a vindication of sorts for Nasdaq, which had lost the TD Ameritrade listing to the NYSE, now owned by Intercontinental...

  • Nov 30- BATS Global Markets Inc is expected to file a prospectus for an initial public offering as early as December, the Wall Street Journal reported, in what would be the exchange operator's second attempt at going public. Morgan Stanley and Citigroup Inc have been tapped to lead a group of banks to work on the IPO, the newspaper reported, citing people familiar...

  • Nov 30- Exchange operator BATS Global Markets Inc is expected to file a prospectus with the US Securities and Exchange Commission for an initial public offering as early as December, the Wall Street Journal reported on Monday. BATS is valued at more than $2 billion, including debt, WSJ said, citing people familiar with the matter. BATS spokesman Randy Williams...

  • Wall Street

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...

  • NEW YORK, Nov 25- A class action lawsuit, filed Wednesday, accuses 10 of Wall Street's biggest banks and two trading platforms of conspiring to limit competition in the US $320 trillion market for interest rate swaps. The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup,...

  • NEW YORK, Nov 24- U.S. regulators on Tuesday proposed new rules to limit disruptions in the futures market from high-speed electronic trading by imposing risk controls and safeguards around the use of trading algorithms. The Commodity Futures Trading Commission voted unanimously in favor of proposing the rules, which would affect trading firms, clearing...

  • BEIJING, Nov 24- The time difference between London and Shanghai should not be a barrier to linking the city's stock markets, a senior executive at the London Stock Exchange Group said on Tuesday. Nikhil Rathi was responding to doubts raised by investors, brokers and other exchange executives over a proposed London- Shanghai trading link that would potentially...

  • HONG KONG, Nov 17- A proposed link between the London and Shanghai exchanges will not be a "copycat" of the landmark Hong Kong-Shanghai Stock Connect scheme due to differences in time-zones and investor bases, a London Stock Exchange Group executive said. China and Hong Kong are closer in terms of time gap, while the U.K. and China have a seven or eight hours time...

  • NEW YORK, Nov 16- There has been a "breakdown" in the structure of the U.S. stock market that regulators need to address in order to shore up investor confidence and long-term prospects for the economy, Steven Einhorn of hedge fund Omega Advisors said on Monday. Omega's vice chairman pointed to the volatility on Aug. 24 when the markets opened dramatically lower, with...

  • NEW YORK, Nov 16- Investment Technology Group, which recently paid a record fine related to its "dark pool" trading venue, said on Monday the chair of its board, as well as a board director, would step down as the brokerage transitions to new leadership. Voce Capital and Philadelphia Financial Management of San Francisco disclosed on Thursday that their collective...

  • Nov 16- Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock. Trayport is a subsidiary of GFI Group, which was acquired by BGC Partners in March. ICE's financial adviser is Goldman Sachs& Co and its legal adviser is...