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  • LONDON, Oct 9- The London Metal Exchange has made an informal approach to the Baltic Exchange, the hub of the global shipping market, to acquire the entire business, two sources familiar with the matter told Reuters. The LME- previously owned by its members- was itself bought by Hong Kong Exchanges and Clearing in 2012 for $2.2 billion. In the Baltic's last annual...

  • Nasdaq launches tool to monitor dark pool trading Thursday, 8 Oct 2015 | 7:44 AM ET

    Oct 8- Nasdaq Inc, the operator of Nasdaq stock market and eight European stock exchanges, on Thursday launched a tool to monitor dark pool trading activity. A dark pool is a network that allows traders to buy or sell orders secretly, ruling out the possibility of other traders taking advantage of the order. "Regulators globally are taking a more active role in...

  • Clinton said at an Iowa campaign stop on Tuesday that she would lay out her plan to rein in Wall Street "abuses" within the next week. Clinton's Wall Street proposals are being closely watched by progressives within the Democratic Party who have called on her to take an aggressive stance towards the financial industry. Gensler's hiring was seen as a move to both...

  • MADRID, Oct 2- Spain's debt rating was upgraded one notch by rating agency Standard& Poor's on Friday, which said a strengthening economy would benefit the public finances while applauding the country's labor market reforms. "The upgrade reflects our view of Spain's strong, balanced economic performance over the past four years, which is gradually benefiting...

  • Sept 17- Moody's Investors Service cut the credit rating of Ferguson, Missouri to "junk" status on Thursday, citing its sharply deteriorating finances following the fatal shooting of a black teen by a white policeman in the city in August 2014. The rating agency said the seven-notch downgrade of Ferguson's general obligation rating, to Ba1 from Aa3, was due to a "...

  • Sept 16- Upstart trading venue IEX Group said on Wednesday it filed to become a registered U.S. stock exchange and if approved by regulators, will begin operating as The Investors Exchange in the mid- to late-first quarter of next year. IEX, which launched October 2013 calling itself a fairer market for investors, would be the 12th U.S. stock exchange, competing...

  • Vladimir Drinkman, 34, admitted to conspiring to illegally access computers and conspiring to commit wire fraud before Chief Judge Jerome Simandle of the federal district court in Camden, New Jersey, federal prosecutors said. Sixteen companies' networks were infiltrated, including those of Nasdaq OMX Group Inc, 7- Eleven, France's Carrefour SA, JC Penney Co,...

  • SHANGHAI/ HONGKONG, Sept 15- China is extending its control of onshore markets to commodities exchanges, spooked by signs that speculators have shifted from China's volatile stock markets to commodities futures. The country's top commodities exchanges- the Dalian Commodity Exchange, Shanghai Futures Exchange and Zhengzhou Commodity Exchange- were asked...

  • The report by the Health Markets Association urges the Securities and Exchange Commission to strengthen the quality of dark pool disclosures, take steps to mitigate conflicts of interest at dark pools, and update its rules designed to ensure investors get the best price and the most efficient execution for their trades. It also takes a swipe at some of the...

  • Sept 14- Credit Suisse Group AG will pay more than $80 million to settle allegations that it did not disclose how it operated its dark pool private share trading exchange to clients, Bloomberg reported, citing a person familiar with the matter. SEC and Credit Suisse representatives declined to comment. The SEC has been looking into whether Credit Suisse's...

  • Sept 14- Credit Suisse Group AG will pay more than $80 million to settle allegations that it did not disclose how it operated its dark pool private share trading exchange to clients, Bloomberg reported, citing a person familiar with the matter. The Swiss bank will pay more than $50 million in fines and disgorgement to the U.S. Securities and Exchange Commission...

  • UPDATE 1-Euronext nominates St+¬phane Boujnah as CEO Thursday, 10 Sep 2015 | 1:22 PM ET

    Boujnah is head of continental Europe at Santander Global Banking and Markets, the global business unit of Spain's Grupo Santander. He has also worked for Deutsche Bank AG, Credit Suisse Group AG and the French government. Amsterdam- based Euronext operates stock exchanges and fixed-income and derivatives markets in Paris, Amsterdam, Brussels, London and...

  • FRANKFURT, Sept 9- Financial market turbulence in China and software problems have prompted Deutsche Boerse to delay its planned Asian derivatives exchange and clearing house by about 18 months, three people familiar with the plans said on Wednesday. His predecessor, Reto Francioni, set the course firmly for expansion in Asia as crucial to the exchange...

  • BEIJING, Sept 7- China's Shanghai and Shenzhen Stock Exchanges and the China Financial Futures Exchange plan to introduce a' circuit breaker' on one of the country's benchmark stock indexes to "stabilise the market", the Shanghai exchange said in a statement on its website late on Monday. The exchange is proposing that a 5 percent rise or fall in the CSI300 index...

  • LONDON, Sept 7- When Hong Kong Exchanges and Clearing bought the venerable old London Metal Exchange back in 2012, it did so with eyes firmly fixed on China. That remains the vision, although HKEx' ambitions in the commodities space have taken back seat to its Stock-Connect bridge between Hong Kong and mainland Chinese stock markets. What HKEx almost certainly...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • Stock exchanges, Barclays win dismissal of HFT case Thursday, 27 Aug 2015 | 3:35 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Major U.S. stock exchanges and Barclays won the dismissal of litigation in which pension funds and other investors accused them of rigging markets.

  • NEW YORK, Aug 26- Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets to benefit high-frequency traders. The lawsuit accused Barclays and seven exchanges including Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, BATS...

  • NEW YORK, Aug 26- Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of nationwide litigation in which pension funds and other investors accused them of rigging markets at their expense to benefit high-frequency traders. The lawsuit accused defendants including Barclays, Nasdaq, Intercontinental Exchange Inc's New York Stock...

  • NEW YORK, Aug 26- Major U.S. stock exchanges and Barclays Plc on Wednesday won the dismissal of U.S. litigation accusing them of rigging markets to benefit high-frequency traders and costing ordinary investors billions of dollars. District Judge Jesse Furman in Manhattan said claims by the plaintiffs were legally insufficient to survive the defendants'...