NEW YORK, Oct 24- Transatlantic exchange operator Nasdaq OMX Group Inc on Friday reported a higher third-quarter profit, as lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates. Net income attributable to Nasdaq totaled $123 million, or 71 cents per share, up from $113 million, or 66 cents per share, a year earlier.» Read More
Major brokerage firms Fidelity and Scottrade are refusing to use a new non-high frequency trading platform developed by the whistle blower in Michael Lewis' book, "Flash Boys," reports CNBC's Eamon Javers.
The Securities and Exchange Commission said the NYSE, two of its exchanges and one affiliated brokerage "repeatedly engaged in business practices that either violated exchange rules or required a rule when the exchanges had none in effect." The NYSE agreed to settle the matter and pay a $4.5 million penalty without admitting or denying the charges.
CHICAGO, May 1- CME Group Inc sought on Thursday to calm investors' concerns about its exposure to possible U.S. regulations targeting high-frequency trading after the world's largest futures market operator reported a 13 percent rise in first-quarter earnings.
*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.
Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
The next big thing in high-speed trading could be something pulled directly from a science-fiction movie.
Rajeeva Bandaranaike, CEO of the Colombo Stock Exchange, explains the group's plans of attracting more capital into the country.
CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.
Xavier Rolet, CEO of the LSE, expects the coming decade to be very "exciting" for the exchange industry as it's "on the cusp of fundamental changes".
The Nasdaq OMX on Friday suffered yet another trading outage, its second in a week—this time on its secondary options market.
The Nasdaq was hit with another market glitch on Tuesday, as index data froze just before lunchtime.
Political volatility in Italy could impede the country's economic reforms and create market instability, reports CNBC's Michelle Caruso-Cabrera.
It's shaping up to be a big battle between the NYSE and the Nasdaq over which exchange will be the one to list Twitter when it goes public, reports CNBC's Seema Mody.
Goldman Sachs, Nike and Visa are taking the place of Alcoa, Bank of America and Hewlett-Packard today on the Dow index reports CNBC's Dominic Chu.
CNBC's Bob Pisani, and Scott Cutler, NYSE Euronext head of global listings, discuss where to find the hot IPO areas in cloud computing, social media, big data and biotech.