GO
Loading...

Enter multiple symbols separated by commas

Diversified Financial Services Specialized Finance

More

  • 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    LONDON, April 27- New measures to increase the amount of metal withdrawn from warehouses, relative to material brought in, will help to reduce queues faster at London Metal Exchange registered warehouses, the exchange said on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...

  • SAN FRANCISCO/ CHICAGO, April 24- The UK- based trader accused by U.S. authorities of making more than $40 million manipulating markets and contributing to the 2010 Wall Street flash crash was on the losing end of at least one trade: his purchase of the CME Group seat that helped to make the alleged scheme possible. Navinder Sarao bought the seat in May 2008 for...

  • Nasdaq to settle Facebook IPO lawsuit for $26.5M Friday, 24 Apr 2015 | 5:07 AM ET
    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.

  • NEW YORK, April 23- In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a class-action lawsuit involving its bungling of Facebook Inc's $16 billion initial public offering, the plaintiffs' lawyers said. "This is the first case that we are aware of where a class of investors has sued an exchange for market disruption,...

  • April 22- The London Stock Exchange Group, among the world's oldest exchanges, may strike a deal with one of the big four Western exchanges within two years, the group's chief executive told the Wall Street Journal in an interview. When there is an industry with competitive tension, consolidation tends to be not too far behind, "CEO Xavier Rolet told the newspaper.

  • In a hearing before a Securities and Exchange Commission administrative law judge, an attorney for the Securities Industry and Financial Markets Association tried to undercut testimony from an employee at Intercontinental Exchange's NYSE Arca. At the heart of the case is a fundamental question about whether competition between NYSE and Nasdaq OMX is...

  • LONDON, April 16- Euro zone government borrowing costs slid to new lows on Thursday, a day after the European Central Bank pledged to fulfill its 1 trillion euro bond-buying program, although regional stocks took a step back from this week's multi-year peaks. Investors also fretted about the deepening crisis in Greece. Credit rating agency Standard& Poor's...

  • TOKYO, April 16- Foreign investors were bigger net buyers of Japanese shares last week than they had been in five months, bourse data showed on Thursday. During April 6-10, foreigners bought a net 591 billion yen worth of Japanese shares, according to the Japan Exchange Group, which operates the Tokyo Stock Exchange. "Long-only funds which had been underweight of...

  • NEW YORK, April 9- BATS Global Markets is proposing to close its doors to thinly traded stocks in an unusual move that aims to increase trading volume in the shares of perhaps 500 to 600 micro- and small-cap companies. Chief Executive Chris Concannon said Thursday that BATS planned to file a letter with the Securities and Exchange Commission this month that would...

  • April 8- Ballooning pension payments, difficult negotiations with labor unions and threatened state funding cuts are some of the challenges facing Rahm Emanuel, who won a second term as Chicago's mayor on Tuesday. As a result, rating agency Moody's Investors Service has dropped Chicago's general obligation credit rating six notches since 2010 to Baa2, two...

  • *Employers add 126,000 jobs in March. NEW YORK, April 3- U.S. Labor Department data showed U.S. employers added just 126,000 jobs in March, the fewest in more than a year.

  • April 2- Gambling technology company Playtech Plc said it would buy a majority stake in TradeFX Ltd for 208 million euros in cash to enter the trading platform and payment services market. TradeFX is majority owned by a trust for the benefit of Israeli billionaire Teddy Sagi, Playtech's largest shareholder with a stake of about 33.6 percent.

  • UPDATE 1-Credit bureau TransUnion files for IPO Tuesday, 31 Mar 2015 | 7:33 AM ET

    March 31- TransUnion, one of the largest credit bureaus in the United States, filed with U.S. regulators on Tuesday for an initial public offering of common stock. The company, whose competitors include Equifax Inc and Experian Plc, sells credit reports to lenders which use the data to assess the credit worthiness of borrowers. TransUnion filed for an IPO in 2011...

  • Credit bureau TransUnion files for IPO Tuesday, 31 Mar 2015 | 6:23 AM ET

    The company, which sells credit reports and services to business, listed Goldman Sachs, J.P. Morgan Securities, Deutsche Bank Securities Inc and Merrill Lynch, Pierce, Fenner& Smith among underwriters to the IPO.