NEW YORK, July 22- Exchange operator BATS Global Markets said on Tuesday its president, William O'Brien, has left the company, less than six months after BATS merged with rival Direct Edge, where O'Brien had been chief executive.» Read More
*Contract to rival ICE's London cocoa market. LONDON, May 1- CME Group Inc, the world's largest futures exchange operator, plans to launch a cocoa futures contract this year, challenging rival Intercontinental Exchange's dominance in the market, industry sources said.
CHICAGO, May 1- CME Group Inc, the world's largest futures market operator, said on Thursday that first-quarter earnings increased 13 percent, meeting Wall Street expectations, on a jump in trading volume. Net profit rose to $266.8 million, or 79 cents a share, from $235.8 million a year ago, or 71 cents a share.
The clients had asked the firms to use the trading platform featured in Michael Lewis' "Flash Boys" but were rejected for different reasons.
LONDON, April 30- Transatlantic exchange operator Nasdaq OMX has lowered clearing fees and expanded the list of assets that can be used as collateral at its Nordic clearing house after the business was authorised under new European Union rules.
"The markets are not rigged," White told a U.S. House of Representatives panel on Tuesday, in response to a blunt question from New Jersey Republican Congressman Scott Garrett. The book has since prompted the FBI, the SEC, the U.S. attorney general and the New York state attorney general to disclose they are investigating potential abuses by high-speed traders.
*Says planned public offer in UK unit to take place in "mid-term". MADRID, April 29- Spanish bank Santander launched a buyout offer for the remaining 25 percent of its Brazilian unit, cementing its grip on one of its top profit drivers in a deal worth up to 4.7 billion euros.
April 24- Author Michael Lewis' claim that the U.S. stock market is rigged was "irresponsible," but the debate it has sparked could lead to positive change, said Bob Greifeld, chief executive of Nasdaq OMX Group, which reported higher earnings on Thursday.
April 24- Transatlantic exchange operator Nasdaq OMX Group Inc on Thursday reported a higher first-quarter profit, helped by increased revenue from recent acquisitions. Net income attributable to Nasdaq rose to $103 million, or 59 cents per share, from $42 million, or 25 cents per share, a year earlier.
NEW YORK, April 21- For more than a decade, queue jumping by traders has been a big no-no in U.S. stock market, prevented in the name of fairness.
NEW YORK, April 18- Dozens of the largest U.S. stock exchanges, brokerages and high-frequency trading firms were hit with a class action lawsuit by the capital of the state of Rhode Island, accusing them of manipulating the U.S. securities markets.
NEW YORK/ CHICAGO, April 16- Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".
*Group includes BNP, SocGen, Caisse des Depots, ING, ABN Amro, Banco Espirito Santo.
April 14- A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access.
BEIJING, April 14- Hong Kong shares finished slightly higher on Monday in subdued trade, with a strong performance from blue chips including Hong Kong Exchanges and Clearing Ltd pulling up the index.
The talks within the SEC are at an early stage, and the pilot program would need to be approved by the full five-member commission, as part of an order instructing the public exchanges to carry out the study. The results of any pilot would have to be effective enough to prompt the SEC to change its market rules.
Chad Johnson, chief of the Investor Protection Bureau for the New York Attorney General, said state investigations now underway would show whether enforcement actions would be needed.
In chaos following the outage on CME's electronic Globex platform, some orders sent to open-outcry grain pits went unfilled because there were not enough traders to handle the influx.
CHICAGO, April 8- CME Group said technical issues had shut down contracts on its Globex electronic trading system on Tuesday afternoon with primarily agricultural and grains contracts affected and no impact on oil or metals. Trading continued in the open outcry pits on the floor of the Chicago Board of Trade.
CHICAGO, April 8- CME Group said that its Globex electronic trading system was shut down on Tuesday afternoon due to technical issues.
LONDON, April 7- The London Metal Exchange said on Monday it would launch a new contract on aluminium premiums, extending its product suite for the metal just weeks before major rival CME Group starts a competing futures contract.