NEW YORK-- Standard& Poor's Ratings Services on Wednesday upgraded its outlook on CME Group Inc., saying it expects profitability will stabilize after a recent decline. CME runs commodity and derivative exchanges, including the Chicago Mercantile Exchange. CME shares increased 33 cents to close at $64.04.» Read More
*NYSE to cut stakes in LCH.Clearnet, MCX. *NYSE CEO cautiously optimistic retail investors returning.
LONDON, Feb 5- NYSE Euronext has pledged to reduce costs further to offset slower trading as it prepares for this year's planned sale to IntercontinentalExchange. "We are focused on building momentum in our business prior to closing the deal with ICE, which we expect in the second half of this year," NYSE Euronext Chief Executive Duncan Niederauer said.
LONDON, Feb 5- NYSE Euronext, the exchange being bought by rival the IntercontinentalExchange, said slower trading drove fourth-quarter net revenue down 11 percent to $562 million. "The impact of lackluster trading volumes was somewhat mitigated by lower costs and lower share count," said NYSE Euronext Chief Executive Duncan Niederauer.
More than $8 trillion in paper fortunes were restored to investors when the Dow crossed the 14,000 mark, reports CNBC's Robert Frank.
*Q4 profit of 64 cents a share, minus items, beats expectations by 3 cents. NEW YORK, Jan 31- Nasdaq OMX Group reported a higher fourth-quarter profit on Thursday, as an increase in non-transaction-based revenues outweighed an industry-wide drop in trading volumes.
NEW YORK, Jan 31- Nasdaq OMX Group reported higher fourth-quarter profit on Thursday, as revenue growth in its corporate solutions, U.S. options, and U.S. proprietary data products businesses helped outweigh soft equity trading volumes.
MIAMI BEACH, Fla., Jan 28- I ntercontinentalExchange Inc has received inquiries from rivals interested in buying NYSE Euronext's European stock exchanges once ICE completes its planned purchase of the New York- based exchange operator, ICE's chief executive said on Monday.
CNBC's Maria Bartiromo sit down with Duncan Niederauer, NYSE Euronext CEO, at the World Economic Forum in Davos, Switzerland to talk about the future of trading around the world.
Ebullient stock markets have so far this month encouraged around half a dozen firms in Europe to launch plans to float, seeking to raise more than $3 billion in the first few months of the year.
Trading in dark pools - equity trading systems that do not publicly display orders - has continued to grow in recent years despite decreasing volumes on open exchanges.
*NYSE CEO: Euronext may be spun off in IPO, but not sold. NEW YORK, Jan 16- Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon stock exchanges, may be spun off in an initial public offering, but it is not up for sale, the chief executive of NYSE Euronext said on Wednesday.
*License would allow firm to set up bourse in Brazil. SAO PAULO, Jan 15- Direct Edge Holdings LLC, the fourth-largest U.S. stock exchange operator, plans to apply for a license to operate a Brazilian bourse in "a matter of weeks," a senior executive told Reuters on Tuesday.
SAO PAULO, Jan 15- Direct Edge Holdings LLC, the fourth-largest U.S. stock exchange operator, plans to apply for a license to operate a Brazilian bourse in "a matter of weeks," a senior executive told Reuters on Tuesday.
*SEC concerned about competition, risk controls. The SEC also highlighted other concerns, including the need for appropriate risk controls for the algorithmic orders, which electronically execute large stock orders over a specific time for specific securities and are generally aimed at institutional investors.
NEW YORK, Jan 10- The complexity of modern markets means there are bound to be more events such as the systems error that led to hundreds of thousands of trades being executed improperly on BATS Global Markets over the past four years, the head of the No. 3 U.S. equities exchange said on Thursday.
*Nasdaq OMX has said would "take a look" at Euronext. LONDON/ FRANKFURT, Jan 10- I ntercontinentalExchange would consider selling Euronext as an alternative to floating it if bids for the European stock market emerge during ICE's planned $8.2 billion takeover of NYSE Euronext, three sources close to the exchange said.
NEW YORK, Jan 8- The U.S. borrowing limit should not be used as leverage by members of Congress to force the Obama administration to cut spending as there will be other opportunities to make a stand, said Robert Greifeld, chief executive of Nasdaq OMX Group.
SINGAPORE, Jan 8- Singapore Exchange Ltd said on Tuesday that it has tightened its risk management systems so it is in line to meet new global regulatory standards and make it easier for U.S. and European banks to continue to be members of its clearing houses.
NEW YORK, Jan 7- A pilot program to limit volatility in the U.S. stock markets scheduled to be implemented next month is not likely to be rolled out until April as exchanges and financial industry groups take more time to prepare.
Brokers like ICAP and BGC Partners make around a third of their revenue from the $640 trillion industry for trading swaps- financial instruments used by companies to cover their exposure to changes in interest rates, foreign exchange rates and credit ratings.