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Diversified Financial Services Specialized Finance

  • The move by Bats, which only lists ETFs and the stock of its parent company, CBOE Holdings, would fragment the market close and result in less accurate pricing, Nasdaq said in a letter to the U.S. Securities and Exchange Commission dated June 12. Trading firms Virtu Financial and PDQ Enterprises, as well as agency broker Clearpool, threw their support behind Bats in...

  • President Donald Trump intends to nominate Dawn DeBerry Stump, a former vice president at NYSE Euronext, to serve as commissioner on the Commodity Futures Trading Commission, the White House said in a statement on Friday.

  • TRUMP TO NOMINATE DAWN DEBERRY STUMP, A FORMER VICE PRESIDENT AT NYSE EURONEXT, TO SERVE AS COMMISSIONER OF COMMODITY FUTURES TRADING COMMISSION- WHITE HOUSE.

  • LONDON, June 8- Two contenders have emerged to run London's silver benchmark- gold benchmark operator Intercontinental Exchange, which offers a model with clearing, and a flexible auction process proposed by the London Metal Exchange. It is due to announce a replacement for current operators CME Group and Thomson Reuters this summer. The LBMA said in March that...

  • HONG KONG, June 8- Hong Kong's Court of Appeal found credit rating agency Moody's broke the rules when it published a report on Chinese companies in 2011, rejecting the company's attempt to appeal a tribunal ruling on the matter, Moody's said in a statement on Thursday. The Hong Kong court ruled in favor of a March 2016 ruling by the Securities and Futures Appeal...

  • BOGOTA, June 7- Colombia must make further efforts to reduce its level of debt, which is higher than that of other countries with the same BBB credit rating, a director from rating agency Fitch said on Wednesday. Gross domestic product growth will be between 1.8 percent and 2 percent this year, said Richard Francis, the agency's director of sovereign debt, below a...

  • LONDON, June 7- Intercontinental Exchange has substantially expanded the range of dates that its London gold futures contract can be traded, as it seeks to beat rival exchanges to gain a foothold in the city's $5 trillion- a-year bullion market. ICE launched its London gold contract in January and has moved to promote it ahead of the launch in July of a rival suite...

  • MUMBAI, June 6- India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said. The Securities and Exchange Board of India is probing whether NSE employees gave some algorithmic and...

  • MUMBAI, June 6- India's National Stock Exchange is talking with the market regulator to settle any issues and accept a penalty tied to the disclosure that some brokers may have been given unfair access to NSE servers, two sources familiar with the matter said. The Securities and Exchange Board of India is probing whether NSE employees gave some algorithmic and...

  • MELBOURNE/ SINGAPORE, June 6- London copper prices dipped for a third consecutive session on Tuesday, weighed down by signs of slowing growth in China and the United States. *SHANGHAI: Shanghai Futures Exchange copper closed 0.8 percent lower at 44,880 yuan a tonne. *CHINA ECONOMY: China's economy is likely to have remained on a stable footing in May, buoyed by solid...

  • MELBOURNE, June 6- London copper was steady on Tuesday, supported by a weaker dollar, although signs of slowing growth in China and the U.S kept a lid on prices. *SHANGHAI: Shanghai Futures Exchange copper eased 0.3 percent to 45,110 yuan a tonne. *CHINA ECONOMY: China's economy is likely to have remained on a stable footing in May, buoyed by solid gains in trade and...

  • The private electronic trading venue is one of more than 30 broker-run dark pools, also known as alternative trading systems, in the United States that compete with 13 public stock exchanges, including the Nasdaq and the New York Stock Exchange. That fragmentation, which can make it more challenging to get trades done, has been a source of frustration for many of...

  • NEW YORK, June 1- Financial services company Cowen Inc closed its acquisition of Convergex on Thursday and said it will shutter a key part of the off-exchange trading platform, Millennium, it acquired with the brokerage. The private electronic trading venue is one of more than 30 broker-run dark pools, also known as alternative trading systems, in the United...

  • NEW YORK, May 31- IEX Group, operator of the newest U.S. stock exchange, plans to list its first company in October as it tries to break into a business dominated by the New York Stock Exchange and Nasdaq Inc, according to a trading alert sent out on Wednesday. The New York- based company, which was featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," started...

  • *First stake in bank could raise about 3 billion euros. DUBLIN, May 30- Ireland launched its long-awaited initial public offering of state-owned Allied Irish Banks on Tuesday, offering a 25 percent stake in what is set to be one of Europe's largest bank listings since the 2008 financial crisis. The sale could raise about 3 billion euros, taking into account the...

  • LONDON, May 30- The European Union's securities watchdog wants new powers over clearing houses, credit rating agencies and some financial benchmarks that operate in the EU but are based outside the bloc, as Brexit ushers in fundamental changes to markets. It was responding to a European Commission consultation on whether changes are needed to financial...

  • NEW YORK, May 30- Exchange operator Bats said on Tuesday it will stop paying rebates on one of its U.S. exchanges, shifting to a low-cost, flat-fee model ahead of an expected industry pilot program that will test whether rebates lead to conflicts of interest among brokers. Bats, owned by CBOE Holdings, said as of June 1, its EDGA stock exchange, the smallest of the four it...

  • CARACAS, May 24- Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide. Most Venezuela say they cannot get access to official exchange rates anyway and so must go to the black market, on which the bolivar...

  • *Moody's says expects China growth to slow to close to 5 pct. *China: Moody's over-estimates risks, methodology inappropriate. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the rating agency said in a statement,...

  • *China: Moody's over-estimates risks, methodology inappropriate. *S&P rates China one notch higher, on negative watch. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the rating agency said in a statement, changing its...