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SAO PAULO, Jan 15- Direct Edge Holdings LLC, the fourth-largest U.S. stock exchange operator, plans to apply for a license to operate a Brazilian bourse in "a matter of weeks," a senior executive told Reuters on Tuesday.
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*Fitch: Spain faces further downgrades, Ireland could rise. LONDON/ NEW YORK, Jan 15- The United States faces a "material risk" of losing its AAA status if there is a repeat of the wrangling seen in 2011 over raising the country's self-imposed debt ceiling, credit ratings firm Fitch said on Tuesday.
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*SEC concerned about competition, risk controls. The SEC also highlighted other concerns, including the need for appropriate risk controls for the algorithmic orders, which electronically execute large stock orders over a specific time for specific securities and are generally aimed at institutional investors.
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*S&P no longer paid by Turkey. *Turkey reacted angrily to downward revision. ISTANBUL, Jan 14- Standard& Poor's said on Monday it would no longer offer a full rating service for Turkey, ditching much of its work with the economically booming country eight months after spat over a negative report.
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ISTANBUL, Jan 14- Credit-rating agency Standard& Poor's said on Monday that it no longer has a ratings deal with Turkey but it will still offer an overall assessment of the fast-growing economy to meet investor interest.
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NEW YORK, Jan 10- The complexity of modern markets means there are bound to be more events such as the systems error that led to hundreds of thousands of trades being executed improperly on BATS Global Markets over the past four years, the head of the No. 3 U.S. equities exchange said on Thursday.
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*Nasdaq OMX has said would "take a look" at Euronext. LONDON/ FRANKFURT, Jan 10- I ntercontinentalExchange would consider selling Euronext as an alternative to floating it if bids for the European stock market emerge during ICE's planned $8.2 billion takeover of NYSE Euronext, three sources close to the exchange said.
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NEW YORK, Jan 8- The U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending as there will be other opportunities to make a stand, said Robert Greifeld, chief executive of Nasdaq OMX Group.
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SINGAPORE, Jan 8- Singapore Exchange Ltd said on Tuesday that it has tightened its risk management systems so it is in line to meet new global regulatory standards and make it easier for U.S. and European banks to continue to be members of its clearing houses.
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NEW YORK, Jan 7- A pilot program to limit volatility in the U.S. stock markets scheduled to be implemented next month is not likely to be rolled out until April as exchanges and financial industry groups take more time to prepare.
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Brokers like ICAP and BGC Partners make around a third of their revenue from the $640 trillion industry for trading swaps- financial instruments used by companies to cover their exposure to changes in interest rates, foreign exchange rates and credit ratings.
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The U.S. must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.
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NEW YORK, Jan 2- The U.S. budget deal won't change Standard& Poor's perspective on the country's credit outlook, the rating agency said Wednesday, but the risk of another recession in the world's biggest economy has eased.
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NEW YORK, Jan 2- The United States must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.
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NEW YORK, Jan 2- The United States must do more than the recently passed "fiscal cliff" measures if the country is to rescue its sovereign rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.
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NEW YORK, Dec 24- A pension fund that holds shares of NYSE Euronext has sued the exchange operator over its proposed $8.2 billion sale to IntercontinentalExchange Inc, saying the deal undervalues the company's stock.
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NEW YORK, Dec 24- A pension fund that holds shares in NYSE Euronext has sued the exchange operator over its proposed $8.2 billion sale to IntercontinentalExchange Inc, saying the deal undervalues the company's stock.
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NEW YORK, Dec 21- The stalled progress in the Washington budget battle may be rattling markets but the gridlock among policymakers will not move the rating agencies to downgrade the United States- yet. But the fiscal cliff is only one event in a series of issues that will see ratings agencies looming over Washington for months.
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*Takeover values NYSE Euronext at $8.2 bln. LONDON, Dec 21- IntercontinentalExchange's $8.2 billion takeover of NYSE Euronext sets the scene for a four-way battle over Europe's lucrative financial derivatives market.
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*Takeover values NYSE Euronext at $8.2 bln. LONDON, Dec 21- IntercontinentalExchange's $8.2 billion takeover of New York Stock Exchange owner NYSE Euronext allows it to tap into a dramatic expansion of demand for clearing financial derivatives expected next year.