*High-speed trading, tough markets spur out-of-hours interest. LONDON, Aug 20- On most weekday mornings over the past year, Paris- based financial trader David Sibi has turned on a computer program designed to try and beat the U.S. stock market before it even opens.» Read More
New Jersey has now fallen into single-A category with two of the three major Wall Street credit rating agencies. Standard& Poor's Ratings Services cut New Jersey to A+ last month, citing budget tricks, the state's sizable imbalance, "bullish" revenue assumptions and pressure from growing pension obligations.
The Securities and Exchange Commission said the NYSE, two of its exchanges and one affiliated brokerage "repeatedly engaged in business practices that either violated exchange rules or required a rule when the exchanges had none in effect." The NYSE agreed to settle the matter and pay a $4.5 million penalty without admitting or denying the charges.
CHICAGO, May 1- CME Group Inc sought on Thursday to calm investors' concerns about its exposure to possible U.S. regulations targeting high-frequency trading after the world's largest futures market operator reported a 13 percent rise in first-quarter earnings.
*Contract to rival ICE's London cocoa market. LONDON, May 1- CME Group Inc, the world's largest futures exchange operator, plans to launch a cocoa futures contract this year, challenging rival Intercontinental Exchange's dominance in the market, industry sources said.
CHICAGO, May 1- CME Group Inc, the world's largest futures market operator, said on Thursday that first-quarter earnings increased 13 percent, meeting Wall Street expectations, on a jump in trading volume. Net profit rose to $266.8 million, or 79 cents a share, from $235.8 million a year ago, or 71 cents a share.
WASHINGTON, April 30- The U.S. Securities and Exchange Commission is pursuing potential enforcement actions against credit-rating agencies over disclosure violations as the regulator turns to new targets now that few cases remain from the financial crisis, the SEC's top enforcement chief said Wednesday.
LONDON, April 30- Transatlantic exchange operator Nasdaq OMX has lowered clearing fees and expanded the list of assets that can be used as collateral at its Nordic clearing house after the business was authorised under new European Union rules.
"The markets are not rigged," White told a U.S. House of Representatives panel on Tuesday, in response to a blunt question from New Jersey Republican Congressman Scott Garrett. The book has since prompted the FBI, the SEC, the U.S. attorney general and the New York state attorney general to disclose they are investigating potential abuses by high-speed traders.
*Says planned public offer in UK unit to take place in "mid-term". MADRID, April 29- Spanish bank Santander launched a buyout offer for the remaining 25 percent of its Brazilian unit, cementing its grip on one of its top profit drivers in a deal worth up to 4.7 billion euros.
*Reaffirms full-year earnings view of $3.90- $4.00/ shr. April 25- Credit rating agency Moody's Corp reported a stronger-than-expected quarterly profit, driven by higher income from its analytics unit.
April 24- Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group, which reported higher earnings on Thursday.
April 24- Transatlantic exchange operator Nasdaq OMX Group Inc on Thursday reported a higher first-quarter profit, helped by increased revenue from recent acquisitions. Net income attributable to Nasdaq rose to $103 million, or 59 cents per share, from $42 million, or 25 cents per share, a year earlier.
NEW YORK, April 21- For more than a decade, queue jumping by traders has been a big no-no in U.S. stock market, prevented in the name of fairness.
NEW YORK, April 18- Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets.
NEW YORK/ CHICAGO, April 16- Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".
*Group includes BNP, SocGen, Caisse des Depots, ING, ABN Amro, Banco Espirito Santo.
April 14- A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access.
BEIJING, April 14- Hong Kong shares finished slightly higher on Monday in subdued trade, with a strong performance from blue chips including Hong Kong Exchanges and Clearing Ltd pulling up the index.
*Fitch has highest rating, outlook on Portugal among agencies. LISBON, April 11- Rating agency Fitch raised its outlook on Portugal's debt rating to "positive" from "negative" on Friday, citing the country's strong progress in cutting its budget deficit, regaining market access and improving economic growth.
The talks within the SEC are at an early stage, and the pilot program would need to be approved by the full five-member commission, as part of an order instructing the public exchanges to carry out the study. The results of any pilot would have to be effective enough to prompt the SEC to change its market rules.