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Diversified Financial Services Specialized Finance

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  • CHICAGO, May 8- Standard& Poor's Ratings Services put Illinois' A-minus credit rating on a watch list on Friday for a possible downgrade after the state supreme court voided a law aimed at easing the state's huge public pension liability. The credit rating agency said it has a three-month window in which it will focus on the upcoming fiscal 2016 Illinois budget.

  • NEW YORK, May 8- The decision by the Illinois Supreme Court to void a 2013 pension reform law is negative for the state and puts it under increased pressure to devise a way to pay for liabilities created through decades of insufficient contributions, Moody's credit rating agency said on Friday. Illinois will come under increasing pressure to manage its pension...

  • Stock market operator Chi-X exploring sale - source Wednesday, 6 May 2015 | 4:50 PM ET

    May 6- Stock market operator Chi-X Global Holdings, owned by Nomura Holdings Inc and other banks, is exploring a sale that could fetch as much as $400 million, a person familiar with the matter said. Chi-X is working with investment bank Moelis& Co to find potential suitors, according to the person. JPMorgan Chase& Co, Bank of America Corp, UBS Group AG, and Goldman Sachs...

  • May 5- BATS Global Markets said on Tuesday it filed a proposal with the U.S. Securities and Exchange Commission seeking to no longer offer trading in thinly traded stocks. BATS said the proposal, if implemented, would keep trading in the designated stocks on either the Nasdaq Stock Market or the New York Stock Exchange. The securities industry has bandied about...

  • CHICAGO, May 1- Chicago's $20 billion unfunded public pension liability is on track to grow significantly regardless of the outcomes of litigation over the constitutionality of benefit cuts or legislative action, Moody's Investors Service said on Friday. But the credit rating agency warned there will be a growing risk to Chicago's solvency if its four...

  • CHICAGO, May 1- CBOE Holdings Inc, operator of the largest U.S. stock options market, will cut expenses in response to weak trading volumes, the company said on Friday as it reported a decline in quarterly earnings. The owner of the Chicago Board Options Exchange has suffered because investors have not been worried about the potential for a sustained downturn in...

  • CHICAGO, May 1- CBOE Holdings Inc, operator of the largest U.S. stock options market, will cut expenses in response to weak trading volumes, the company said on Friday as it reported a decline in quarterly earnings. Chief Executive Ed Tilly described market conditions as challenging for the owner of the Chicago Board Options Exchange, with first-quarter volumes...

  • CHICAGO, May 1- CBOE Holdings Inc, operator of the largest U.S. stock options market, on Friday reported stronger-than-expected quarterly earnings despite a decline in trading volumes. Net income allocated to common stockholders fell to $42.1 million, or 50 cents per share, in the first quarter, down from $48.5 million, or 56 cents per share, a year earlier.

  • May 1- Credit rating agency Moody's Corp reported a better-than-expected quarterly profit, driven by strong growth in its bond ratings and financial services businesses. High-grade U.S. corporate debt offerings jumped 8 percent to $341.9 billion in the first quarter from a year earlier, marking the strongest three-month period for the asset class since...

  • *Greece could miss upcoming IMF, ECB payments without aid. LONDON, May 1- Most top credit rating agencies say they would not cut Greece's rating to default if it misses a payment to the International Monetary Fund or European Central Bank, a stance that could keep vital ECB funding flowing into the financial system. Greece owes nearly 1 billion euros to the IMF in May...

  • April 30- CME Group Inc on Thursday suspended two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash. Heet Khara and Nasim Salim, both traders of CME Group's gold and silver futures contracts on its Comex exchange in New...

  • SAN FRANCISCO, April 30- CME Group Inc on Thursday barred two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash. Heet Khara and Nasim Salim, both traders of CME Group's gold and silver futures contracts on its Comex...

  • April 30- CME Group Inc, the world's largest futures exchange operator, reported a better-than-expected quarterly profit, driven by increased trading volumes. Net income attributable to CME Group rose about 24 percent to $330.4 million, or 98 cents a share, in the first quarter ended March 31, from a year earlier. The company has been in the spotlight after U.S....

  • CME Group profit rises 24 pct on higher trading volumes Thursday, 30 Apr 2015 | 7:13 AM ET

    April 30- CME Group Inc, the world's largest futures exchange operator, reported a 24 percent rise in quarterly profit due to increased trading volumes. Net income attributable to CME Group rose to $330.4 million, or 98 cents a share, in the first quarter ended March 31, from $266.8 million, or 79 cents a share, a year earlier. CME, the owner of the Chicago Board of Trade...

  • District Judge Katherine Forrest in Manhattan said the claims raised against Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, BATS Exchange and other exchanges must be reviewed first by the U.S. Securities and Exchange Commission, not the courts. Forrest, however, said Congress created a "comprehensive federal regulatory scheme" empowering...

  • WASHINGTON, April 27- The U.S. Supreme Court on Monday agreed to consider whether online people-search service Spokeo Inc should face a class action lawsuit for including incorrect information in its database. Thomas Robins filed suit in California on behalf of himself and others under the federal Fair Credit Reporting Act, which requires consumer...

  • UPDATE 1-LME moves to cut warehouse queues faster Monday, 27 Apr 2015 | 6:19 AM ET

    LONDON, April 27- New measures to increase the amount of metal withdrawn from warehouses, relative to material brought in, will help to reduce queues faster at London Metal Exchange registered warehouses, the exchange said on Monday. The LME, the world's oldest and biggest market for industrial metals which is now owned by Hong Kong Exchanges and Clearing Ltd,...

  • The group, which meets four times a year, will review old rules, and advise the SEC on a range of new regulations designed to make sure the market is as stable and fair as possible. Still, given that the SEC has said its main priority is to protect retail investors, the omission of retail brokers raises questions, because without their point of view the panel may...

  • NEW YORK, April 24- Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private "dark pool" trading platform even as it was publicly pledging to clean up its corporate culture. The share price slid 7.4 percent last June 26 after New York Attorney General Eric Schneiderman accused Barclays...

  • NEW YORK, April 24- Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private "dark pool" trading platform even as it was publicly pledging to clean up its corporate culture. The share price slid 7.4 percent last June 26 after New York Attorney General Eric Schneiderman accused Barclays...