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  • *Cites as example UK repealing stamp duty on growth stocks. LONDON, Oct 29- European countries should change their tax rules to encourage investment in small businesses, the head of the London Stock Exchange said, as a sector crucial to the region's revival is starved of cash by banks. To counter this, London Stock Exchange Group Chief Executive Xavier Rolet said...

  • WASHINGTON, Oct 28- The U.S. Federal Reserve said on Tuesday it has revised its policy which sets the risk management standards for the country's largest clearing, payment and settlement firms. The 2010 Dodd-Frank Wall Street reform law heightened the importance of clearing and settlement operations run by companies such as CME Group and Intercontinental...

  • LONDON, Oct 28- London Stock Exchange Group is aiming to list Chinese equity futures in London in the next stage of its plans to tap the world's second-largest economy, the bourse's chief executive told Reuters. Speaking at the Reuters China Summit on Tuesday, LSE Chief Executive Xavier Rolet said that a natural evolution of its strategy would be to develop...

  • *Adds to patchy record on China's financial reforms. HONG KONG, Oct 27- The stalled link-up between the Hong Kong and Shanghai bourses hit financial stocks on both exchanges on Monday, left investors in the dark about the scheme's future and raised more questions about Beijing's patchy record on delivering reform. MSCI, which compiles global stock indexes, said a...

  • NEW YORK, Oct 24- Transatlantic exchange operator Nasdaq OMX Group Inc on Friday reported a higher third-quarter profit, as lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates. Net income attributable to Nasdaq totaled $123 million, or 71 cents per share, up from $113 million, or 66 cents per share, a year earlier.

  • LONDON, Oct 23- Hong Kong Exchanges and Clearing has signed a preliminary deal with China Merchant Group companies aimed at expanding London Metal Exchange warehouses in Asia and developing new products and services for the Asian market. To this end, it has long planned to steer the LME into mainland China, the world's biggest metals market.

  • LONDON, Oct 21- Hong Kong Exchanges and Clearing Ltd plans to launch so-called "mini" industrial metals futures contracts on Dec. 1, HKEx Chief Executive Charles Li said on Tuesday. The launch aims to capture the growing appetite among investors in China for commodities trading and will offer currency convenience for its Asia clients. China is the world's largest...

  • LONDON, Oct 20- The Hong Kong stock exchange said it aimed to create a link to trade commodities with mainland China by adapting a share trading system with the Shanghai Stock Exchange that is on the cusp of going live. No firm date has been announced for the launch of the link between HKEx and the Shanghai exchange, but sources have told Reuters it is due to begin on...

  • NEW YORK, Oct 17- A slowdown in stock quote updates to the trading platform of OTC Markets on Friday led brokerage watchdog the Financial Industry Regulatory Authority to halt trading for almost two hours. OTC Markets is a marketplace for about 10,000 securities, some of them foreign, that are not listed on the New York Stock Exchange or Nasdaq.

  • LONDON, Oct 17- "In short, this is not a takeover; it is a marriage". That's how Charles Li, chief executive of Hong Kong Exchanges and Clearing, described the 1.38 billion sterling purchase of the London Metal Exchange back in 2012.. He was speaking at the LME's annual black-tie dinner at the Grosvenor House in London, conceding that it was the first time he himself, once...

  • NEW YORK, Oct 16- Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The move by Wells Fargo comes as regulatory scrutiny over dark pools has intensified over concerns about the lack of transparency in the trading venues. Wells Fargo's dark pool ranks 32nd out of 41 alternative...

  • *National Stock Exchange of India Ltd: India's biggest stock exchange is over 10 percent owned by nation's biggest lender State Bank of India. State Bank of India owns about 4.8 percent of BSE, while Central Bank of India and Bank of India also own about 1 percent each. State Bank of India, Bank of Baroda and Punjab National Bank each own 18.5 percent of the fund house.

  • MUMBAI, Oct 16- India's state-owned banks, weighed down by bad loans and lackluster profits, could within months begin the sale of billions of dollars of unwanted assets to help raise cash needed to meet tougher regulation. IDBI Bank Ltd- another state-owned lender which owns stakes in the country's top stock exchange and rating agency Credit Analysis and...

  • CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, to reduce costs with most cuts hitting its technology operations, the world's largest futures exchange operator said on Tuesday. CME declined to detail how much money the staff reductions will save the company, which owns the Chicago Board of Trade and New York...

  • Oct 14- JPMorgan Chase and Co's quarterly results surfaced more than three hours before schedule on Shareholder.com, Nasdaq OMX Group Inc's investor-communications company. **Oct. 15, 2013- Citigroup Inc's third-quarter results were released early as Bloomberg News broke an embargo, forcing the bank to pull forward the release of its statement.

  • CHICAGO, Oct 14- CME Group Inc plans to eliminate 5 percent of its global workforce, or about 150 jobs, with most cuts hitting its Chicago headquarters, the world's largest futures exchange operator said on Tuesday. A spokeswoman declined to say how much money the cost cuts will save at CME, which owns the Chicago Board of Trade and New York Mercantile Exchange.

  • NEW YORK, Oct 14- JPMorgan Chase& Co's third-quarter results were released hours ahead of schedule on Tuesday morning because of a "human error" at an external vendor that manages its investor relations website, the vendor said in a statement. The vendor, Shareholder.com, which is owned by Nasdaq OMX Group Inc, mistakenly published one of JPMorgan's earnings...

  • CME Group to cut 5 percent of global workforce Tuesday, 14 Oct 2014 | 11:23 AM ET

    CHICAGO, Oct 14- CME Group Inc plans to cut 5 percent of its global workforce, or about 150 jobs, the world's largest futures exchange operator said on Tuesday. Most of the layoffs will come from CME's technology operations, with the rest coming from corporate and administration functions, the Chicago- based company said. CME, which owns the Chicago Board of Trade and...

  • German Bunds moved higher, accentuating flows towards safer currencies like the yen and the Swiss franc after rating agency S&P on Friday downgraded Finland and cut its outlook on France. The dollar was down 0.3 percent to 107.38 yen, after falling as low as 107.06 yen, its weakest level in about a month and well off a six-year high of 110.09 yen on Oct. 1.

  • European stocks opened lower and German Bunds moved higher, accentuating regional flows towards safer currencies like the yen and the Swiss franc after rating agency S&P on Friday downgraded Finland and cut its outlook on France. It was down 0.3 percent to 107.38 yen, after falling as low as 107.06 yen, its weakest level in about a month and well off a six-year...