GO
Loading...

Exchanges

More

  • NEW YORK, Jan 16- Exchange operator BATS Global Markets is in discussions to buy institutional foreign exchange trading platform Hotspot from KCG Holdings Inc for nearly $400 million, three sources close to the situation said on Friday. The $5 trillion- a-day foreign exchange market has been the focus of a probe by regulators in Britain following allegations...

  • Precision Castparts and UBS are big market movers Friday, 16 Jan 2015 | 4:41 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Precision Castparts Corp., down $20.09 to $199.63. Regal Entertainment Group, down $1.08 to $20.01.

  • LONDON, Jan 15- Hit with a "meteorite" on Thursday as Switzerland cut its franc currency loose, the foreign exchange market nevertheless managed to stay on its feet. On the EBS trading system, one miss-hit saw the euro quoted at 0.0015 francs, having spent the last few months ranging between 1.20 and 1.21 francs. For market participants, that is just very difficult to...

  • UBS unit paying $14.4M to settle SEC charges Thursday, 15 Jan 2015 | 12:48 PM ET

    The Securities and Exchange Commission announced the settlement Thursday with UBS, Switzerland's largest bank and a major Wall Street institution. The SEC in recent months has accelerated its volume of market trading cases in the complex, highly fragmented securities markets. The SEC said UBS Securities failed to fully disclose one of its types of orders...

  • Jan 15- IG Group Holdings Plc said impact from the Swiss National Bank unexpectedly scrapping its cap on the franc would not exceed 30 million pounds for the British interdealer broker. IG Group's shares fell as much as 6.7 percent. Shares in IG were down 6.5 percent at 693.5 pence at 1508 GMT on the London Stock Exchange.

  • NYMEX-US crude rises above $49 after best day since 2012 Wednesday, 14 Jan 2015 | 7:22 PM ET

    SINGAPORE, Jan 15- U.S. crude rose for a second session on Thursday after surging nearly 6 percent in the previous session in its biggest gain since June 2012 as traders with expiring options bought back futures. *U.S. crude for February delivery was up 43 cents at $48.91 a barrel by 0005 GMT, after briefly hitting a session high of $49.59. *Exchange operator Nasdaq OMX...

  • BGC Partners plans to hike its takeover bid for derivatives and currency brokerage firm GFI Group Inc., even as GFI draws closer to closing on a separate offer from CME Group. CME Group Inc., which is the parent company of the Chicago Board of Trade and other exchanges, raised its bid last month to $5.25 per share, or around $669.4 million. BGC Partners Inc. made a $675...

  • The No. 2 U.S. stock market operator said the SEC had also concluded a separate investigation into the development of order types on the legacy BATS exchanges without taking any action. Exchanges are required under federal securities laws to obtain SEC approval for rules governing how buy and sell orders are matched and to comply with those rules.

  • Jan 12- BATS Global Markets said on Monday it agreed to pay a record $14 million penalty to settle charges that two exchanges formerly owned by Direct Edge Holdings gave advantages to certain high-frequency trading firms. The U.S. Securities and Exchange Commission said Direct Edge, prior to its merger with BATS a year ago, had selectively disclosed...

  • Both BATS Global Markets and Nasdaq OMX Group recently said they have held talks with banks on outsourcing some or all of their dark pool operations. In June, the New York attorney general brought a lawsuit against Barclays, accusing the bank of misleading clients in its dark pool. Also in June, dark pool operator Liquidnet agreed to pay the Securities and...

  • Nasdaq eyes running dark pools for banks - WSJ Monday, 12 Jan 2015 | 12:15 AM ET

    Jan 12- Nasdaq OMX Group has approached several big banks with a proposal to take over the operation of their so called "dark pools," and plans to seek regulatory permission to do so, the Wall Street Journal reported, citing Nasdaq Chief Executive Robert Greifeld. Last month, Citigroup Inc said it would shut down its alternative stock trading venue LavaFlow, at a time...

  • Jan 5- Global Prime Partners, a brokerage and trading services provider, appointed Andrew Bole as chief operating officer. Bole has more than 15 years of management experience in the industry and joins from IG Group Holdings where he was chief risk officer. Global Prime provides prime brokerage and trading services to hedge funds, asset managers and...

  • NEW YORK, Dec 30- California- based bond firm Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation. In a notice online, CME Group said that Seksaria "orchestrated and prearranged trades in the June 2015 Eurodollar futures contract opposite one of his employer's client...

  • Pimco fires money manager after CME Group violation Tuesday, 30 Dec 2014 | 3:49 PM ET

    NEW YORK, Dec 30- California- based bond giant Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation. In a notice online, CME Group said that Seksaria "orchestrated and prearranged trades in the June 2015 Eurodollar futures contract opposite one of his employer's...

  • ICE gets tough on 'disruptive trading' practices Tuesday, 30 Dec 2014 | 12:24 PM ET

    Dec 30- Intercontinental Exchange Inc will prohibit disruptive trading practices in its futures marketplace, as it looks to tackle an illegal manipulative trading strategy known as "spoofing". CME Group Inc, the world's largest futures market operator, implemented a similar rule in September. The practice gained notoriety in October after high-frequency...

  • NEW YORK, Dec 23- A plan by the U.S. Securities and Exchange Commission to widen the minimum trading increments of some small-cap stocks to test if that would spur more trading could end up harming mom-and-pop investors, retail brokerages said in letters to the regulator. The potential cost of the program to all investors could be up to $455 million dollars...

  • Cross Rate: What currency to watch in 2015?  Tuesday, 23 Dec 2014 | 5:00 AM ET

    Where are the commodity currencies heading over the next year? Jane Foley, senior currency strategist at Rabobank seems confident that we should watch the "Aussie/Yen" in 2015.

  • NEW YORK, Dec 23- In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital- Hanmag went bust. During the financial crisis, regulators were reluctant to let wobbly traders such as Bear Stearns go bust,...

  • UPDATE 1-CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 3:43 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...

  • CBOE to pass regulatory duties to FINRA Monday, 22 Dec 2014 | 1:12 PM ET

    CHICAGO, Dec 22- CBOE Holdings Inc, operator of the biggest U.S. stock options market, will cede regulatory duties to the securities industry's largest independent regulator next week, the company said on Monday. CBOE's Chicago Board Options Exchange and C2 Options Exchange hired the Financial Industry Regulatory Authority, or FINRA, to perform "the majority of...