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Diversified Financial Services Specialized Finance

  • MEXICO CITY, Feb 6- Moody's rating agency, which has put Mexico on watch for a credit downgrade, on Monday said the Mexican government's debt rose more than expected last year and weak growth could further pressure policymakers this year. "Worse-than-expected fiscal performance is credit negative for Mexico and weighs on its creditworthiness amid muted...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • The average daily trading volume at CME, which owns the Chicago Board of Trade and other futures exchanges, rose 24 percent to 16.3 million contracts in the fourth quarter ended Dec. 31. The company's net income rose to $373.4 million, or $1.10 cents per share, in the quarter from $291.7 million, or 86 cents per share, a year earlier. Analysts on average had estimated...

  • FRANKFURT, Feb 2- Global rating agencies appear to have learned from past errors and their current assessment may better reflect euro zone vulnerabilities before the continent's debt crisis, a European Central Bank research paper concluded. Ratings before 2010 did not serve as a leading indicator of debt and growth risks but there is some evidence that...

  • CHICAGO, Feb 1- Fitch Ratings on Wednesday dropped Illinois' credit rating by one notch to BBB, citing the state's "unprecedented failure" to enact complete budgets for fiscal years 2016 and 2017.. It is the sixth downgrade by a major credit rating agency for Illinois, the lowest-rated U.S. state, since Governor Bruce Rauner took office in January 2015.

  • FRANKFURT, Feb 1- Deutsche Boerse said on Wednesday that German prosecutors were investigating a share purchase by its chief executive in December 2015, which was just over two months before the exchange operator announced merger talks. The company and the CEO were fully cooperating with the Frankfurt public prosecutor's office, it said in a statement.

  • NEW YORK, Jan 31- Japan Exchange Group Inc, the operator of the Tokyo Stock Exchange, has taken a minority stake in UK- based fintech company OpenGamma Limited, as corporate investors account for a growing share of venture funding in fintech. The JPX funding round follows a $13.3 million investment in OpenGamma in October by venture capital firm Accel Partners,...

  • NEW YORK, Jan 31- Nasdaq Inc said on Tuesday it would wind down its struggling London- based interest rate derivatives exchange, NLX, as unrelated one-time costs pulled the transatlantic exchange operator to a fourth-quarter loss. That expense was the main driver behind Nasdaq's net loss of $224 million, or $1.35 per share, in the quarter, which compares to net...

  • NEW YORK, Jan 31- Transatlantic exchange operator Nasdaq Inc on Tuesday reported a fourth-quarter loss due largely to one-time costs, including the rebranding of its Treasury trading business. The net loss was $224 million, or $1.35 per share, compared with year-earlier net income of $148 million, or 88 cents per share. Other charges included $20 million in...

  • *Policy statement due at 2 p.m. EST. WASHINGTON, Jan 31- The U.S. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • NEW YORK, Jan 27- Nasdaq Inc no longer plans to charge additional fees to access key data essential for stock market operations following complaints of price gouging from other exchanges, trading firms and an industry trade group, according to a regulatory filing. But Nasdaq's latest proposal drew opposition from exchange operators Bats Global Markets and...

  • NYSE said NYSE American will have largely the same model as IEX Group's Investors' Exchange, including a 350 micro-second delay, except it will have electronic market makers with obligations to ease the trading of NYSE American-listed stocks. Unlike IEX, NYSE still has multiple trading venues, pays rebates to attract traders, allows trading firms to pay to...

  • OSLO, Jan 25- Norway's $890- billion sovereign wealth fund is concerned about the dearth of market liquidity and is increasingly seeking "dark pool" trading platforms where deals are only revealed after taking place, a senior official told Reuters on Wednesday. The fund is one of the world's largest investors with stakes in around 9,000 firms globally and some...

  • MUMBAI, Jan 25- An initial public offering from India's BSE Ltd, the country's second-biggest stock exchange, was well oversubscribed on the last day of the sale, helped by attractive valuations and expectations of robust growth for stocks in the coming years. "Financial markets are overall under-penetrated in India. More than 250 shareholders, including...

  • NEW YORK, Jan 20- Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to clients. Such a move would make it cheaper for investors to buy and sell small-cap stocks and niche ETFs, spur more...

  • *Singapore bourse operator says Q2 net profit up 5 pct. SINGAPORE, Jan 19- Singapore Exchange Ltd said it faces challenges from slowing Asian economies after reporting a 5 percent rise in second quarter profit on Thursday, and will pursue more IPOs by targeting key sectors such as technology and real estate. The exchange reported a net profit of S $88.3 million in...

  • SAN FRANCISCO/ NEW YORK, Jan 19- This past November, Nasdaq Inc hired a helicopter to film Manhattan's skyline using Snapchat's new video-camera sunglasses and sent the aerial footage to its social media followers. Snap Inc, Snapchat's parent company, is eyeing a spring debut that may peg its value as high as $25 billion, sources have told Reuters.

  • HONG KONG, Jan 19- Green bond issuance worldwide could cross $200 billion in 2017, doubling the 2016 record, as it continues to be driven by the Paris climate agreement, China's clean energy campaign, as well as new issuers and structures, rating agency Moody's said on Thursday. China- based issuers were the biggest source of these bonds in 2016 accounting for $32.9...

  • According to the research report published in the Times on Monday, there is a "good chance" Deutsche Boerse will relocate derivatives trading from London to Frankfurt. http://bit.ly/2jVIlff. LSEG and Deutsche Börse are committed to maintaining the strengths and capabilities of their respective operations in London and Frankfurt, "LSEG said in a statement.

  • NEW YORK, Jan 13- Moody's Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on Friday. The credit rating agency reached the deal with the Justice Department, 21 states and the District of Columbia,...