NEW YORK— The Nasdaq OMX Group Inc. on Thursday reported earnings that increased by 15 percent in its second quarter, and topped analysts' expectations. The New York- based company said profit increased to $101 million, or 59 cents per share, from $88 million, or 52 cents per share, in the same quarter a year earlier.» Read More
LONDON, June 26- The London Stock Exchange Group unveiled the largest acquisition in its history, snapping up U.S. group Frank Russell for $2.7 billion to boost its position in the world's largest financial services market and sending its shares surging.
LONDON, June 26- The London Stock Exchange Group said it planned to acquire U.S.-based asset manager and stock exchange provider Frank Russell for $2.7 billion, with the help of a $1.6 billion rights issue, as it ramps up its U.S. presence.
NEW YORK, June 25- The New York Attorney General on Wednesday filed a securities fraud lawsuit against Barclays PLC for misrepresenting the safety of its U.S.-based alternative trading system, or "dark pool," to investors. "Barclays grew its dark pool by telling investors they were diving into safe waters," said Attorney General Eric Schneiderman.
June 25- The U.S. Securities and Exchange Commission unveiled a one-year "tick size" pilot program to let some stocks trade in five-cent increments instead of one-penny increments.
Adam Farlow, capital markets partner at Baker McKenzie, discusses the IPO of Euronext and says it has the potential of being a success.
NEW YORK, June 18- The high levels of cash that TD Ameritrade customers have been keeping in their brokerage accounts since the 2008-2009 financial collapse is on the decline, a sign of growing confidence in the U.S. stock market, company executives said at Reuters Wealth Management Summit on Wednesday.
WASHINGTON, June 17- The pricing model used by U.S. stock exchanges to attract liquidity came under fire on Tuesday, as several Wall Street executives called for ending the practice and two U.S. senators raised concerns about the potential conflicts it creates.
NEW YORK, June 16- Nasdaq OMX Group Inc lured back former Chief Financial Officer Adena Friedman as co-president with the understanding that she will succeed Chief Executive Bob Greifeld, possibly as soon as next year, sources familiar with the matter said.
*Trading algorithms no longer seen as differentiating factor. LONDON, June 12- The financial industry's multi-billion-dollar technological race for stock-market supremacy is petering out. "The algorithms today are all very similar and increasingly homogenized," said David Miller, Head of EMEA Trading at Invesco Perpetual.
PARIS, June 10- Stock market operator Euronext aims to raise between 880 million euros and 1.158 billion euros in an initial public offering, it said on Tuesday, valuing it at up to 1.75 billion euros. Euronext said it expected its IPO to be priced at 19- 25 euros per share.
WASHINGTON, June 6- U.S. securities regulators filed civil lawsuits on Friday against a private trading platform and a major brokerage firm, citing both cases as part of an agency crackdown on violations of core equity market structure rules.
NEW YORK, June 6- The U.S. Securities and Exchange Commission said on Friday it was suing the New York- based dark pool operator Liquidnet Inc for failing to safeguard confidential trading information. The SEC said Liquidnet would pay $2 million to settle the case, without admitting or denying any of its findings.
SEC'S WHITE SAYS DEVELOPING RULES TO BOLSTER TRANSPARENCY OF ALTERNATIVE TRADING VENUES SUCH AS DARK POOLS, INTERNALIZERS.
SEC'S WHITE SAYS DEVELOPING RULES TARGETING HIGH-SPEED TRADERS, DARK POOLS, BROKER INSTITUTIONAL ORDER ROUTING.
NEW YORK, June 4- The New York Attorney General's sweeping investigation into the U.S. stock market will include whether trading centers known as "dark pools" are conducting themselves properly, an official said on Wednesday.
NEW YORK, June 4- Actively managed mutual funds are becoming less active, according to a new worldwide study conducted by Nasdaq OMX Group that will be released Thursday.
LONDON, June 4- Euronext's London market has been approved as a full exchange by Britain's financial regulator, putting it on a level footing with rivals such as the London Stock Exchange Group and BATS Chi-X Europe.
June 3- IntercontinentalExchange Inc plans to eliminate at least 15 order types from the New York Stock Exchange in order to help simplify the structure of the market, an executive of the exchange operator said on Tuesday.
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.
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.