The exchanges also will be required to notify the SEC about problems, including any systems that are compromised by hacking. The SEC action follows a series of technical disruptions in recent years— notably the "flash crash" of May 2010— that regulators say shook investors' confidence in the markets. "Failures must be minimized and, when they occur, they must be...» Read More
MOSCOW, June 3- Russia and China have reached an agreement to create a joint credit rating agency and are working on a series of measures to make trade easier, Russia's finance minister said on Tuesday, a sign of growing ties between the neighbours.
NEW YORK, June 2- "Dark pools" owned by five big banks account for around half of all trades on alternative trading systems, exchange-like trading platforms that critics blame for making the markets less transparent, according to a weekly report released on Monday.
LONDON, May 28- Rating agencies are falling over each other to upgrade the euro zone's crisis countries, but with debt levels in most still rising and growth and reforms slow, the question is whether the new-found optimism has swung too far.
Euronext listing in Paris, Amsterdam, Brussels at first. The U.S. group had always intended to spin-off Euronext after its $11 billion deal last year to take over NYSE Euronext, which gave it control of the New York Stock Exchange.
LONDON, May 27- Lloyds Banking Group expects to float about 25 percent of its TSB business on the London Stock Exchange next month, it said on Tuesday, kicking off a process regulators hope will create a vibrant challenger to Britain's dominant high-street lenders.
Keith Fitz-Gerald, Chief Investment Strategist, Money Map Press, says he is shifting his attention away from mergers and acquisitions in the technology field to the financial sector.
Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.
Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.
CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.
After suffering steep losses in one fund, the Yucaipa Companies, the money management firm run by the billionaire Ronald W. Burkle, has cut fees for investors in the portfolio, The New York Times reports.
Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.
Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.
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.