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  • NEW YORK, Feb 13- A New York judge on Friday rejected Barclays Plc's effort to dismiss state Attorney General Eric Schneiderman's lawsuit accusing it of defrauding clients about high-speed trading in its private "dark pool" trading platform. Justice Shirley Werner Kornreich of the State Supreme Court in Manhattan said it was premature to dismiss...

  • *fourth-qtr adj profit $0.64/ shr vs. est $0.66. Feb 6- CBOE Holdings Inc, operator of the largest U.S. stock-options market, reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes. Net income allocated to common stockholders rose to $49.1 million, or 58 cents per share, in the fourth quarter ended Dec. 31, from $45.6...

  • UPDATE 1-CBOE profit misses estimates as costs rise Friday, 6 Feb 2015 | 8:19 AM ET

    Feb 6- CBOE Holdings Inc, operator of the largest U.S. stock-options market, reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes. Increased volatility has lifted trading volumes since CBOE said in the second quarter it would cut expenses due to weak volumes. Last year, total trading volume for options contracts...

  • Net income allocated to common stockholders rose to $49.1 million, or 58 cents per share, in the fourth quarter ended Dec. 31, from $45.6 million, or 52 cents per share, a year earlier.

  • CHICAGO, Feb 5- For tailor Peter Papageorge, making the vibrant jackets worn by traders on the floors of exchanges in Chicago and New York used to be the bulk of his business. Papageorge's family founded Peco Inc, based on the southwest side of Chicago, in 1919. The company bills itself as the largest manufacturer of the flashy trading jackets that are as colorful as...

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year after it shuts nearly all of its futures pits in New York and Chicago, a spokesman said on Thursday, as the world's biggest futures exchange pushes ahead with cost-cutting measures. While that may be a significant saving in a single step, he said that sum represents only a quarter of the total cost of running...

  • NEW YORK, Feb 5- CME Group Inc will save $10 million per year in expenses after it shuts nearly all of its open-outcry futures pits in New York and Chicago in early July, a spokesman said on Thursday. That sum represents a quarter of the total cost of running its trading floors, he said, ahead of the release of the Chicago- based exchange's fourth-quarter results later...

  • UPDATE 1-LSE puts Russell Investments up for sale Thursday, 5 Feb 2015 | 12:55 PM ET

    LONDON, Feb 5- The London Stock Exchange Group said on Thursday it would sell Russell Investments, the asset management arm of the Frank Russell Co business which it acquired for $2.7 billion last year. The exchange beat a number of interested buyers, including the Canadian Imperial Bank of Commerce and a handful of private equity firms, sources told Reuters last...

  • LSE puts Russell Investments up for sale Thursday, 5 Feb 2015 | 12:28 PM ET

    LONDON, Feb 5- The London Stock Exchange Group said on Thursday it would sell Russell Investment, the asset management arm of the Frank Russell Co which it acquired for $2.7 billion last year. LSE said in a statement on Thursday it was launching a sale process, after already having received a number of expressions of interest in the unit. Reuters reported in January...

  • The London Metal Exchange plans to hold fast as the last bastion of open outcry trading, even after the world's largest futures market operator, CME Group Inc, said it would shut almost all its open-outcry futures pits by July 2. The impact of CME's move will stretch from grain and livestock pits in Chicago to gold and oil trading in New York. "The LME is a much more of a...

  • Romania: The next place to invest?   Thursday, 5 Feb 2015 | 4:40 AM ET
    Romania: The next place to invest?

    Ludwik Sobolewski, CEO of the Bucharest Stock Exchange, discusses Romania's hopes of achieving an emerging market status by 2017.

  • "I believed this would be the eventual outcome, and I never had a doubt," Melamed, chairman emeritus of CME Group, told Reuters on Wednesday. When he was chairman of the Chicago Mercantile Exchange, predecessor to the CME Group, Melamed introduced electronic trading to the futures industry in 1992 in the form of a computerized system called Globex.

  • The decision by CME Group Inc ousts traders of products ranging from grain and livestock in Chicago to gold and oil in New York after open-outcry volume dropped to only about 1 percent of total futures trading. "We all knew it was going to end," said Jerry Israelov, who has spent 25 years in CME's open-outcry pits in Chicago, including the last 10 years trading wheat...

  • TIMELINE-Key dates in the history of CME Group Wednesday, 4 Feb 2015 | 8:30 PM ET

    Feb 4- CME Group Inc announced on Wednesday that it would shutter most of its open-outcry trading pits by July 2, bringing an end to the once-raucous tradition of face-to-face price discovery that has been in decline since the rise of computerized trading. Following are key dates in the 167- year history of the exchange, according to the exchange operator:.

  • CHICAGO, Feb 4- CME Group Inc will shutter most of its open-outcry futures pits by July 2, the world's largest futures market operator said on Wednesday, bringing down the curtain on a once-raucous tradition that has been in decline since the rise of computerized trading. The decision ousts traders of products ranging from grain and livestock to gold from...

  • Feb 4- Most open-outcry futures trading pits in Chicago and New York will close by July 2 due to almost all trading having moved to electronic platforms, the CME Group Inc said on Wednesday. Only about 1 percent of total futures volume takes place in the pits where traders shout and use hand signals to conduct business. The S&P 500 futures and options pits will...

  • Most brokerages do not disclose the size of the payments they receive, but TD Ameritrade said it took in $304 million from the practice in 2014, up 29 percent from the year before. Now a group including TD Ameritrade, Charles Schwab Corp and Fidelity Investments hopes to ease concerns about conflicts by giving investors more detailed reports including how much...

  • *New listings, Arrest of China Minsheng president weigh. SHANGHAI, Feb 2- Stocks in China and Hong Kong fell on Monday after regulators approved a flurry of IPOs and as official data showed China's factory activity unexpectedly shrank in January. In Hong Kong, the Hang Seng index dropped 0.3 percent to 24,438.50 points.

  • CHICAGO, Jan 30- GFI Group Inc shareholders on Friday voted down a proposed takeover by CME Group Inc, the companies said, opening the door for a hostile bid from rival BGC Partners. CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for GFI Group, a derivatives broker, with BGC Partners Inc.. CME Group had planned to...

  • CME Group, the world's largest futures exchange operator, for months has been locked in a bidding war for derivatives broker GFI Group with inter-dealer broker BGC Partners Inc. CME Group first agreed to acquire GFI Group last July for a total of around $820 million. CME Group had pursued GFI Group to acquire two GFI units that would allow it to expand its reach in...