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Diversified Financial Services Specialized Finance

  • BITCOIN EXCHANGE OPERATOR PLEADS GUILTY IN U.S.

  • LONDON, Jan 9- The way in which industrial metals are priced is starting to change. The last year, however, has seen LME prices sway to the increased gravitational pull of China's Shanghai Futures Exchange. In the United States, meanwhile, CME Group has launched five industrial metal contracts over the last 12 months as it seeks to challenge the LME's global...

  • GANDHINAGAR, Jan 9- Indian stock market operator BSE aims to win market share from financial hubs such as Singapore and Hong Kong by investing in technology and offering almost 24- hour trading at its new exchange in Gujarat, Chief Executive Ashishkumar Chauhan said. The International Exchange will trade a range of financial instruments, including equities,...

  • *Euronext to buy LCH Clearnet SA for 510 mln euros. The European Commission has expressed antitrust concerns about the $28 billion merger and the impact on the clearing of derivatives contracts in particular. The Commission, in a document on the issue, has not made clear if the sale of the French clearing business, LCH Clearnet SA, would be enough to dispel its...

  • NEW YORK, Dec 27- A number of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the U.S. election in November, even though credit rating agencies have a less positive outlook. On Nov. 8, the date of the U.S. election, the EMBI Global year-to-date total return was 14.04 percent, and a week later, on Nov. 14, it...

  • NEW YORK, Dec 27- A number of global fund managers say they are buying emerging market assets for 2017 after the beating the sector has taken since the U.S. election in November, even though credit rating agencies have a less positive outlook. On Nov. 8, the date of the U.S. election, the EMBI Global year-to-date total return was 14.04 percent, and a week later, on Nov. 14, it...

  • CHICAGO, Dec 22- CBOE Holdings Inc Chairman Bill Brodsky will step down after two decades leading the board when the exchange operator closes a planned $3.2 billion deal for Bats Global Markets Inc, CBOE said on Thursday. Chief Executive Ed Tilly will replace him as chairman. Two other longtime CBOE directors, Susan Phillips and R. Eden Martin, are also stepping...

  • *LSE says sale to Euronext subject to European Commission review. London Stock Exchange Group Plc and Deutsche Boerse said on Tuesday that LSE was in discussions about selling the French subsidiary of LCH.Clearnet to address anti-trust concerns raised by the European Commission in relation to their planned merger. LSE and Deutsche Boerse also hope that...

  • The bank agreed to pay $37 million to settle charges with federal and New York state regulators, and an additional $3.25 million to Financial Industry Regulatory Authority, Wall Street's self-funded regulator. This marks the third joint case against a major bank's dark pool trading platform filed this year by the SEC and New York. The SEC and New York Attorney...

  • CHICAGO, Dec 15- Archer Daniels Midland Co, one of the world's biggest agricultural trading houses, has agreed to pay $25,000 to settle charges it broke rules in the U.S. corn futures market, exchange operator CME Group Inc said on Thursday. The violations appeared to document rare instances in which ADM, one of the biggest U.S. grain exporters, has been penalized by...

  • Credit Suisse on Tuesday confirmed through a spokeswoman that it had shuttered its alternative trading system known as Light Pool on Nov. 18 after a strategic review of its algorithmic trading offerings. The closing follows similar actions by Bloomberg LLC, Bank of America Corp, Convergex Group LLC, Citigroup Inc, and Wells Fargo within the past couple of years,...

  • NEW YORK, Dec 13- Digital currency bitcoin on Tuesday surged to its highest in nearly three years as investors bought the asset in a supposedly safe-haven bid in the midst of volatility in the Chinese stock market. On Tuesday, bitcoin climbed as high $793.27 on the BitStamp platform, its highest since February 2014. We have been seeing lots of volume from China and...

  • FRANKFURT, Dec 12- European Union competition regulators have whittled down their concerns about the merger of Deutsche Boerse and London Stock Exchange Group to focus mainly on clearing of derivatives contracts, two sources familiar with the situation said. The EU's executive European Commission, which must approve the merger for it to go ahead, is due to...

  • BEIJING/ HONG KONG, Dec 8- China has proposed to fully open its credit rating market to foreign participants, a move that was cheered by global rating agencies and could promote more accurate risk assessment and pricing in the mammoth corporate debt market. At present, global rating agencies can only have minority stakes in joint-venture operations in China.

  • BEIJING, Dec 8- Singapore Exchange Ltd said on Thursday the opening of Nikkei 225 index futures has been delayed. It said members have been informed and it will update its information on the situation as soon as possible. It did not give a reason for the delay.

  • NEW YORK, Dec 7- Intercontinental Exchange Inc generally takes too long to complete investigations into questionable trading practices on its U.S. futures exchange as required by the rules, the regulator said. Overall, ICE Futures U.S. has an adequate trade practice surveillance program, the U.S. Commodity Futures Trading Commission said in a report dated Dec. 2.

  • LONDON, Dec 6- A British clampdown on retail trading platforms prompted warnings among industry players and investors on Tuesday that some smaller firms may not be able to sustain their business under the new stricter rules. The Financial Conduct Authority placed limits on the leverage which can be offered to individual investors betting on currency and...

  • SINGAPORE, Dec 6- London zinc rose for a second session on Tuesday, underpinned by weakness in the dollar, although copper eased after notching its biggest one-day gain in nearly a month in the previous session. *Three-month zinc on the London Metal Exchange gained 1.1 percent $2,797 a tonne by 0133 GMT, while the most-traded contract on Shanghai Futures Exchange...

  • FRANKFURT, Dec 4- Deutsche Boerse's chief executive has sought to reassure Frankfurt over its merger with London Stock Exchange Group, saying the German regulator will retain power over the exchange when it becomes part of a larger London- based group. Carsten Kengeter told the Frankfurt Chamber of Commerce in a letter seen by Reuters that the markets watchdog...

  • JOHANNESBURG, Dec 3- President Jacob Zuma moved to reassure foreign investors on Saturday after all three major rating agencies kept South Africa's investment-grade status, granting the scandal-prone leader a reprieve after prolonged political turmoil. S&P Global Ratings downgraded the local debt of Africa's most industrialized country by one notch on...