Diversified Financial Services Specialized Finance

  • LONDON, April 27- The London Stock Exchange Group stuck to its guns on Wednesday over its planned merger with Deutsche Boerse, saying the deal would be derailed by neither regulators nor any British exit from the European Union. "We wouldn't be embarking on a merger if we thought there would be any problems," LSEG Chairman Donald Brydon said in response to a...

  • BRIEF-LSE GROUP COMMENTS AT AGM ON DEAL WITH DEUTSCHE BOERSE@. April 27- London Stock Exchange Group Plc. *Group agreed disposal of Frank Russell Company's investment management business for gross proceeds of $1,150 m.

  • BRIEF- LONDON STOCK EXCHANGE GROUP Q1 REVENUE RISES 8 PCT@. *Q1 total income from continuing operations up 9 pct to 387.6 million stg. *Sale of Russell Investment Management, for gross proceeds of us $1,150 million, is on track to complete in Q2 2016.

  • NEW YORK, April 25- Citadel Securities, one of the top market makers in U.S. stocks and listed stock options, runs one of the largest stock trading venues in the country, according to a report released on Monday aimed at providing transparency into where stock trading occurs. Citadel LLC, which also operates a hedge fund, executed just over 1.1 billion shares in its...

  • TORONTO, April 25- Moody's Investors Service stripped the Canadian province of Alberta of its Aaa credit rating on Monday, citing its worsening fiscal position and resulting rapid rise in debt. The ratings agency downgraded the province's long-term rating to Aa1 from Aaa and maintained a negative outlook. Earlier this month, Dominion Bond Rating Service also...

  • The dominant pricing system used by exchanges, known as the "maker-taker" model, will be discussed at a meeting of the SEC's Equity Market Structure Advisory Committee on Tuesday. The SEC should use framework provided in the recommendation to move forward with a study, Warner, ranking member of the Senate subcommittee that oversees securities, along with...

  • NEW YORK, April 19- Electronic bond-trading platform OpenBondX said on Tuesday it would pay rebates to dealers that post prices on its venue that lead to executed trades, bringing a controversial pricing model popular in the U.S. equities market to bond trading. Telephone-based traders at banks still dominate corporate bond trading, but electronic trading...

  • April 15- Shares of BATS Global Markets Inc jumped as much as 23 percent in their debut on the company's own exchange- redemption after a botched attempt to go public in 2012.. The offering of 13.3 million shares was priced at the top of the expected range of $17- $19 each, raising $252.7 million and making it the biggest U.S.-based IPO so far this year.

  • April 14- Exchange operator Bats Global Markets Inc raised $252.7 million in its initial public offering on Thursday, seeking to list its shares on its own Bats BZX Exchange, as subsiding stock market volatility gradually opens the window for IPO hopefuls. Bats priced 13.3 million shares at $19, the top of its previously indicated $17 to $19 range, a source who...

  • April 14- Exchange operator Bats Global Markets Inc raised $252.7 million in its initial public offering on Thursday, seeking to list its shares on its own Bats BZX Exchange as subsiding stock market volatility gradually opens the window for IPO hopefuls. Bats priced 13.3 million shares at $19, the top of its previously indicated $17 to $19 range, a source who...

  • CHICAGO, April 13- CME Group Inc will shut its New York trading floor at year's end as computerized trading claims another victim from the world's old-school financial system. Options pits, where trades in commodities like gold, silver and oil take place face-to-face instead of electronically, will close a year after the CME shut most of its futures pits in New...

  • CHICAGO, April 13- CME Group Inc will shutter its New York trading floor at year's end due to low volume, closing options pits for metals and oil a year after most futures pits met their end. Yet, the average daily open-outcry volume for options products in New York has declined by 53 percent to just 7,500 contracts since CME announced in February 2015 that most...

  • SAN FRANCISCO, April 12- CME Group Inc said on Tuesday it has received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, allowing it to better safeguard cash deposited by its traders. CME, which operates one of the world's biggest derivatives clearinghouses and several exchanges including the Chicago Mercantile...

  • SAN FRANCISCO, April 12- CME Group Inc said on Tuesday it has received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, a privilege that in the past has largely been restricted to banks. Deposits in the account are limited to clearing member proprietary margins, CME said in an advisory. CME is working with the Chicago...

  • NEW YORK, April 12- A key rule governing the U.S. stock market that effectively forces stock orders to be sent to the exchange displaying the best quoted price is outdated and should be scrapped, said an executive of the world's largest sovereign wealth fund. Institutional investors, however, hold 80 percent of U.S. stocks and are far more active market...

  • NEW YORK, April 12- Approval of a new regulatory standard related to the U.S. stock exchange application of startup trading platform IEX Group would prompt exchanges to create thousands of new order types and greatly complicate the market, the head of Nasdaq Inc said on Tuesday. The U.S. Securities and Exchange Commission said in a policy statement on March 18 it...

  • SAO PAULO, April 11- Brazilian bourse BM&FBovespa SA is arranging loan financing to fund part of the 12.9 billion reais that rival Cetip SA Mercados Organizados could cost, a sign that the cash portion of the deal may increase. BM&FBovespa, Latin America's largest financial bourse, is also using $1.2 billion in proceeds from the sale of a stake in longtime partner...

  • SAO PAULO, April 11- Brazil's BM&FBovespa SA is arranging loan financing to fund its 12.9 billion reais takeover of rival Cetip SA Mercados Organizados as both companies agreed to form a giant financial exchange with a presence from Mexico to Chile. BM&FBovespa Chief Executive Officer Edemir Pinto, who will run the combined entity, declined to elaborate on the...

  • SAO PAULO, April 11- BM&FBovespa SA is currently arranging loan financing for the acquisition of rival Cetip SA Mercados Organizados, a deal that could cost Brazil's largest financial exchange up to 12.9 billion reais, mostly in cash. BM&FBovespa Chief Executive Officer Edemir Pinto said on Monday the deal will create "billions of reais" in cost savings in back...

  • SAO PAULO, April 8- BM&FBovespa SA, Latin America's largest financial bourse, took over rival Cetip SA Mercados Organizados in a transaction valued at almost 12 billion reais, creating a giant with growing presence in regional financial markets spanning from Mexico to Chile. Cetip is Latin America's largest depositary of financial securities with a vast...