Diversified Financial Services Specialized Finance

  • *CME also considering bid for LSE- Bloomberg. March 1- New York Stock Exchange owner ICE said it may make a rival bid for London Stock Exchange, raising the prospect of a takeover battle with Deutsche Boerse and lifting LSE shares to a record high on Tuesday. Atlanta- based Intercontinental Exchange Inc said it had not yet approached LSE and may not pursue a deal at all,...

  • MILAN/ LONDON, March 1- European shares rose on Tuesday, with exchange operator London Stock Exchange boosted by speculation of a possible bidding war and auto stocks helped by continued weakness in the euro. "With ICE now also being interested, it looks... more likely for a deal to be done," said Charles Hanover Investments partner Dafydd Davies.

  • LONDON, March 1- European shares extended the previous session's gains on Tuesday, with London Stock Exchange leading the market higher after Intercontinental Exchange confirmed a possible counterbid for the British operator. The market got early support after activity in China's manufacturing sector shrank more sharply than expected in February,...

  • Shares in LSEG, which had a market capitalisation of $13 billion as on Monday, rose as much as 8.8 percent to a record high of 2914 pence on Tuesday morning. ICE is planning a counter bid for LSEG in an attempt to scuttle a merger with Deutsche Boerse, Bloomberg reported earlier on Monday citing sources. Atlanta- based ICE must make an offer for LSEG no later than March...

  • March 1- Exchange and clearing house operator Intercontinental Exchange Inc said it was considering making an offer for London Stock Exchange Group Plc. No approach has been made to the board of LSEG, and no decision has been made yet as to whether to pursue such an offer, ICE said in a statement. ICE is planning a counter bid for LSEG in an attempt to scuttle a merger...

  • NEW YORK, Feb 29- IEX Group, the private U.S. stock trading platform featured in Michael Lewis's book "Flash Boys: A Wall Street Revolt," said on Monday it amended its exchange application to address a practice that critics have said would give it an unfair speed advantage. IEX applied in September to become a public stock exchange, prompting a flood of nearly 400...

  • Wall Street

    A class action lawsuit accuses banks of conspiring to limit competition in the $320 trillion market for interest rate swaps.

  • A trader signals offers in the Standard & Poor's 500 stock index futures pit at the CME Group in Chicago.

    The CME Group plans to raise transaction fees on a host of products starting Jan. 1, 2016, pending regulatory approval, the exchange said on Monday.

  • Traders work on the floor of the New York Stock Exchange.

    Major U.S. stock exchanges and Barclays won the dismissal of litigation in which pension funds and other investors accused them of rigging markets.

  • Chicago

    S&P credit rating agency on Thursday downgraded Chicago's general obligation bonds to A- from A+.

  • Shares of Facebook fell below the $38 offer price in the second trading day.

    In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a lawsuit involving its bungling of Facebook's IPO.

  • Stung by the loss of the IPO of Chinese e-commerce firm Alibaba, the Hong Kong stock exchange took a step towards loosening its listing rules.

  • Tech M&A deals have been 'preposterous': Pro

    Keith Fitz-Gerald, Chief Investment Strategist, Money Map Press, says he is shifting his attention away from mergers and acquisitions in the technology field to the financial sector.

  • Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.

  • CME ClearPort home page

    CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.

  • Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.

  • William Brodsky, chairman and chief executive officer of the Chicago Board Options Exchange.

    CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.

  • Ron Burkle

    After suffering steep losses in one fund, the Yucaipa Companies, the money management firm run by the billionaire Ronald W. Burkle, has cut fees for investors in the portfolio, The New York Times reports.

  • Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.

  • Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.