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  • NEW YORK, April 23- In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a class-action lawsuit involving its bungling of Facebook Inc's $16 billion initial public offering, the plaintiffs' lawyers said. "This is the first case that we are aware of where a class of investors has sued an exchange for market disruption,...

  • Nasdaq OMX beats 1Q profit forecasts Thursday, 23 Apr 2015 | 8:12 AM ET

    NEW YORK— The Nasdaq OMX Group Inc. on Thursday reported first-quarter net income of $9 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Nasdaq OMX shares have risen almost 2 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 2...

  • April 22- The London Stock Exchange Group, among the world's oldest exchanges, may strike a deal with one of the big four Western exchanges within two years, the group's chief executive told the Wall Street Journal in an interview. When there is an industry with competitive tension, consolidation tends to be not too far behind, "CEO Xavier Rolet told the newspaper.

  • MarketAxess posts 1Q profit Wednesday, 22 Apr 2015 | 6:43 AM ET

    NEW YORK _ MarketAxess Holdings Inc. on Wednesday reported first-quarter net income of $24.6 million. On a per-share basis, the New York- based company said it had net income of 65 cents. MarketAxess shares have climbed 26 percent since the beginning of the year.

  • In a hearing before a Securities and Exchange Commission administrative law judge, an attorney for the Securities Industry and Financial Markets Association tried to undercut testimony from an employee at Intercontinental Exchange's NYSE Arca. At the heart of the case is a fundamental question about whether competition between NYSE and Nasdaq OMX is...

  • Shares of high-speed trading company Virtu rise in debut Thursday, 16 Apr 2015 | 12:27 PM ET

    NEW YORK— Shares of high-speed trading company Virtu Financial Inc. have risen 17 percent in their stock market debut Thursday. High-speed trading has been under scrutiny by the Securities and Exchange Commission, the Commodity Futures Trading Commission and other agencies. They rose $3.33 to $22.33 in midday trading Thursday and crossed $23 in earlier...

  • TOKYO, April 16- Foreign investors were bigger net buyers of Japanese shares last week than they had been in five months, bourse data showed on Thursday. During April 6-10, foreigners bought a net 591 billion yen worth of Japanese shares, according to the Japan Exchange Group, which operates the Tokyo Stock Exchange. "Long-only funds which had been underweight of...

  • NEW YORK, April 9- BATS Global Markets is proposing to close its doors to thinly traded stocks in an unusual move that aims to increase trading volume in the shares of perhaps 500 to 600 micro- and small-cap companies. Chief Executive Chris Concannon said Thursday that BATS planned to file a letter with the Securities and Exchange Commission this month that would...

  • *Employers add 126,000 jobs in March. NEW YORK, April 3- U.S. Labor Department data showed U.S. employers added just 126,000 jobs in March, the fewest in more than a year.

  • April 2- Gambling technology company Playtech Plc said it would buy a majority stake in TradeFX Ltd for 208 million euros in cash to enter the trading platform and payment services market. TradeFX is majority owned by a trust for the benefit of Israeli billionaire Teddy Sagi, Playtech's largest shareholder with a stake of about 33.6 percent.

  • Some NYSE Arca ETFs briefly halted; issue resolved Tuesday, 31 Mar 2015 | 12:08 PM ET
    A trader works on the floor of the New York Stock Exchange.

    A technical issue hit the New York Stock Exchange's Arca system, causing a halt in some exchange-traded funds for 10 minutes.

  • DUBAI, March 26- The Kuwait Stock Exchange may offer up to 44 percent of its shares to a company that has experience in operating bourses when it goes public, a senior government official told Reuters on Thursday. Such a move, which still requires the sign-off by lawmakers in the Gulf Arab state, would open the way for an international exchange operator such as...

  • JERUSALEM, March 24- The Tel Aviv Stock Exchange, seeking to reverse a decline in trading volumes and company listings, is launching a "Start-Up Nation" index of top Israeli technology companies traded around the world, it said on Tuesday. The new "TA-BIGITech" index, launched in cooperation with BlueStar Indexes, will comprise 57 Israeli and Israeli-related tech...

  • Sen. Grassley on currency manipulation   Thursday, 19 Mar 2015 | 10:14 AM ET
    Sen. Grassley on currency manipulation

    Sen. Charles Grassley discusses trade legislation and taking on currency manipulation.

  • FedEx delivers on profits   Wednesday, 18 Mar 2015 | 9:45 AM ET
    FedEx delivers on profits

    Scott Schneeberger, Oppenheimer & Co., discusses shares and earnings of FedEx and how the exchange rates will impact growth going forward.

  • Is a weak euro bad for Europe?   Friday, 13 Mar 2015 | 12:00 PM ET
    Is a weak euro bad for Europe?

    Erik Nielsen, global chief economist at UniCredit, says that the weaker euro is a "fantastic boost" for Europe, with many industries benefiting.

  • TORONTO, March 11- A new Canadian stock exchange set to launch in late March will offer attractive fees for market data or waive them altogether in a bid to challenge the dominance of TMX Group Ltd's Toronto Stock Exchange. Aequitas Innovations Inc said on Wednesday that its Neo exchange will not charge retail investors for access to real-time displayed market...

  • BOCA RATON, Florida, March 11- Nasdaq OMX Group said on Wednesday it is expanding into energy derivatives with energy futures and options set to trade on the Nasdaq Futures Exchange at less than half the prices charged by incumbents CME Group and Intercontinental Exchange. Nasdaq has been pitching the new offerings to brokerages and banks for months and has...

  • NEW YORK, March 6- Nasdaq OMX Group said on Friday its experiment in lowering exchange fees and rebates in 14 stocks has so far led to lower market share in those names on its exchange as many electronic market making firms sought higher rebates elsewhere. The experiment, which began on Feb. 2 and will run for at least four months, includes 14 stocks that had their...

  • LONDON, March 6- It's over two years since Charles Li, chief executive of Hong Kong Exchanges and Clearing, threatened to use a "bazooka" on the long load-out queues at his new purchase, the London Metal Exchange. And that's about the time it still takes to get aluminium out of Detroit or Vlissingen, the two LME locations with embedded queues. The waiting time at Detroit...