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  • SHANGHAI, Jan 4- China's benchmark CSI300 share index tumbled 7 percent on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day. The "circuit breaker" suspension mechanism first came into effect on Monday. Stocks slumped after weak factory activity surveys soured hopes that the world's second-largest economy...

  • *More companies expected to list in China. HONG KONG, Dec 17- China's landmark decision this month to implement a U.S.-style registration system for stock listings will boost revenues at local banks and brokers and lure more companies to the stock market, analysts said. Under official proposals unveiled by the State Council on Dec. 9, issuers and underwriters...

  • UPDATE 1-Exchange operator BATS files to go public Wednesday, 16 Dec 2015 | 6:32 AM ET

    Dec 16- BATS Global Markets Inc filed for an initial public offering with U.S. regulators on Wednesday, in what would be the exchange operator's second attempt at going public. The company told the U. S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, Citigroup, BofA Merrill Lynch and J.P. Morgan were among those underwriting...

  • Exchange operator BATS Global files to go public Wednesday, 16 Dec 2015 | 6:20 AM ET

    Dec 16- BATS Global Markets Inc filed for an initial public offering with U.S. regulators on Wednesday, in what would be the exchange operator's second attempt at going public. The Kansas City, Missouri- based company told the U. S Securities and Exchange Commission in a preliminary prospectus that Morgan Stanley, Citigroup, BofA Merrill Lynch and J.P. Morgan were...

  • Dec 15- Securities exchange operator Nasdaq Inc's Co-President Adena Friedman will be named chief operating officer on Wednesday, according to a source with direct knowledge of the matter. Friedman, who originally joined Nasdaq in 1993 and worked there for 18 years, left the company in 2011 to join asset manager the Carlyle Group to serve as its chief financial...

  • *JPMorgan says has resolved legacy system and control problems. The SFC said in a statement published on Tuesday the bank's Hong Kong broking business had mistakenly routed principal orders into its off-exchange dark pool trading platform, despite advising the SFC the pool only matched client trades. "We have fully co-operated with the SFC and are pleased to...

  • *Rating agency puts question mark over European Union unity. LONDON/ FRANKFURT, Dec 14- European Union countries' reluctance to integrate in the face of an influx of refugees and with the possible departure of Britain from the bloc could ultimately hurt creditworthiness, Standard& Poor's said on Monday. "Indications are mounting that the long process of...

  • LONDON, Dec 11- Two credit rating agencies said on Friday that Britain risked a hit to its creditworthiness and possibly a downgrade due to Prime Minister David Cameron's decision to hold a vote on whether to leave the European Union. Shortly after the International Monetary Fund said the referendum could hurt Britain's growth prospects, Standard& Poor's said...

  • TORONTO, Dec 8- Canadian exchange operator Aequitas Innovations alleged on Tuesday that rival TMX Group was abusing its market dominance to overcharge for data, and said it has filed a complaint with the Canadian competition watchdog seeking an investigation. "We charge competitively for market data, commensurate with the value of the products and services...

  • BEIJING, Dec 4- China on Friday announced circuit-breaker mechanisms to prevent systemic risk in case of sharp stock-market falls, and it appears close to pushing ahead long-awaited reforms for initial public offerings. The circuit-breaking rules for all Chinese exchanges were announced by the Shanghai Stock Exchange and will take effect on Jan. 1.

  • BEIJING, Dec 4- China will introduce circuit breakers to the Shanghai Stock Exchange, Shenzhen Stock Exchange and China Financial Futures Exchange on Jan. 1, 2016, Shanghai Stock Exchange said in statement on Friday. If a 5 percent move occurs after 2:45 pm, it will also halt trade for the rest of the day. The exchange said the plan has been approved by China's Stock...

  • Three CME Group customers filed the lawsuit last year claiming that the Chicago- based company had created a marketplace fraught with manipulation and "surreptitious trading" by fast traders that caused the prices of futures contracts to be artificial. The customers- William Braman, Mark Mendelson and John Simms- are considering their options after Judge...

  • SAO PAULO, Dec 3- Cetip SA Mercados Organizados said on Thursday that an unsolicited offer from rival bourse operator BM&FBovespa SA fails to properly value the assets, market position and growth prospects of Brazil's largest securities clearinghouse. In a securities filing, the board of Cetip said the offer of 39 reais a share in a non-binding offer does not...

  • CHICAGO, Dec 3- A U.S. judge in Chicago on Thursday dismissed a lawsuit accusing CME Group Inc, the world's largest futures exchange operator, of selling market data to high-frequency traders and cheating other investors. Three CME Group customers, who filed the lawsuit last year, claimed that the Chicago- based company had created a marketplace fraught with...

  • CHICAGO, Dec 3- A U.S. judge in Chicago on Thursday dismissed a lawsuit accusing CME Group Inc, the world's largest futures exchange operator, of selling market data to high-frequency traders and cheating other investors. Three CME Group customers, who filed the lawsuit last year, failed to allege that they had suffered actual losses on any specific transactions...

  • BRASILIA, Dec 1- Moody's Investors Service downgraded Banco BTG Pactual S.A. two notches to BA2 from BAA3, striping the Brazilian investment bank of its investment grade following the jailing of its CEO and chairman in a corruption investigation. The credit rating agency said it put the bank on review for a further downgrade. "The downgrade of BTG Pactual's...

  • NEW YORK, Dec 1- TD Ameritrade Holding Corp, the No. 1 U.S. retail brokerage by trade executions, said on Tuesday it was moving its stock listing back to Nasdaq Inc from the New York Stock Exchange after a little over three and a half-years. The move is a vindication of sorts for Nasdaq, which had lost the TD Ameritrade listing to the NYSE, now owned by Intercontinental...

  • Nov 30- BATS Global Markets Inc is expected to file a prospectus for an initial public offering as early as December, the Wall Street Journal reported, in what would be the exchange operator's second attempt at going public. Morgan Stanley and Citigroup Inc have been tapped to lead a group of banks to work on the IPO, the newspaper reported, citing people familiar...

  • Exchange operator BATS Global planning 2016 IPO - WSJ Monday, 30 Nov 2015 | 11:27 AM ET

    Nov 30- Exchange operator BATS Global Markets Inc is expected to file a prospectus with the US Securities and Exchange Commission for an initial public offering as early as December, the Wall Street Journal reported on Monday. BATS is valued at more than $2 billion, including debt, WSJ said, citing people familiar with the matter. BATS spokesman Randy Williams...

  • Big banks accused of interest rate-swap fixing Thursday, 26 Nov 2015 | 4:08 AM ET
    Wall Street

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