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Diversified Financial Services Specialized Finance

  • NEW YORK, Feb 9- Exchange operator Nasdaq Inc plans to set up a venture capital arm to invest in financial technology companies that can help grow its own businesses, two people familiar with the plans told Reuters. Nasdaq generated $2.3 billion in net revenue last year. The move would also align with plans set out by Nasdaq's new chief executive, Adena Friedman, who...

  • TORONTO, Feb 8- Toronto Stock Exchange owner TMX Group Ltd said on Wednesday it was pitching the energy-rich bourse to "Saudi officials of significant influence" to bring at least part of the kingdom's massive Saudi Aramco public listing to Canada. Saudi Arabia expects to value the state-owned oil producer at a minimum of $2 trillion, in what could be the world's...

  • TORONTO, Feb 8- TMX Group, owner of the Toronto Stock Exchange, said on Wednesday that it is in talks with Saudi Arabia over the possibility of Saudi Aramco listing in Canada. TMX said the talks were part of efforts by a consortium of representatives from across Canada's capital markets to establish relationships with key business and government leaders in Saudi...

  • TORONTO, Feb 8- TMX Group, owner of the Toronto Stock Exchange, said on Wednesday that it is in talks with Saudi Arabia over the possibility of Saudi Aramco listing in Canada. TMX said the talks were part of efforts by a consortium of representatives from across Canada's capital markets to establish relationships with key business and government leaders in Saudi...

  • The results of the notice from the Securities and Exchange Commission and any enforcement action related to the outage are unknown at this time, NYSE owner Intercontinental Exchange Inc said following the release of its financial results. NYSE has sent the SEC a letter defending its actions before and during the outage, he said. The outage resulted from a...

  • NEW YORK, Feb 7- Intercontinental Exchange Inc, which owns the New York Stock Exchange, on Tuesday reported lower fourth-quarter earnings as higher expenses outweighed a doubling of data services revenue. Net income attributable to the exchange and clearing house operator dropped to $352 million, or 59 cents per share, from $370 million, or 66 cents per share, a...

  • CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, said its operating expenses rose about 10 percent to $88.1 million. The company's net income allocated to common shareholders fell 10.8 percent to $44.8 million, or 55 cents per share, in the quarter ended Dec. 31. However, the company earned 63 cents per share, excluding items, beating the...

  • Feb 6- CBOE Holdings Inc, the operator of the largest U.S. options exchange, reported a 10.8 percent fall in quarterly profit, hit by higher costs. Chicago- based CBOE said on Monday that net income allocated to common shareholders fell to $44.8 million, or 55 cents per share, in the fourth quarter ended Dec. 31, from $50.2 million, or 61 cents per share, a year earlier.

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • MEXICO CITY, Feb 6- Moody's rating agency, which has put Mexico on watch for a credit downgrade, on Monday said the Mexican government's debt rose more than expected last year and weak growth could further pressure policymakers this year. "Worse-than-expected fiscal performance is credit negative for Mexico and weighs on its creditworthiness amid muted...

  • CHICAGO, Feb 3- Futures market operator CME Group Inc plans to broaden its rules against wrongdoing at the request of federal regulators, the company said on Friday, a move that is expected to ramp up disciplinary action against traders. Traders who engage in the manipulative practice known as spoofing are "the most immediate and likely target" of the rules...

  • The average daily trading volume at CME, which owns the Chicago Board of Trade and other futures exchanges, rose 24 percent to 16.3 million contracts in the fourth quarter ended Dec. 31. The company's net income rose to $373.4 million, or $1.10 cents per share, in the quarter from $291.7 million, or 86 cents per share, a year earlier. Analysts on average had estimated...

  • FRANKFURT, Feb 2- Global rating agencies appear to have learned from past errors and their current assessment may better reflect euro zone vulnerabilities before the continent's debt crisis, a European Central Bank research paper concluded. Ratings before 2010 did not serve as a leading indicator of debt and growth risks but there is some evidence that...

  • CHICAGO, Feb 1- Fitch Ratings on Wednesday dropped Illinois' credit rating by one notch to BBB, citing the state's "unprecedented failure" to enact complete budgets for fiscal years 2016 and 2017.. It is the sixth downgrade by a major credit rating agency for Illinois, the lowest-rated U.S. state, since Governor Bruce Rauner took office in January 2015.

  • FRANKFURT, Feb 1- Deutsche Boerse said on Wednesday that German prosecutors were investigating a share purchase by its chief executive in December 2015, which was just over two months before the exchange operator announced merger talks. The company and the CEO were fully cooperating with the Frankfurt public prosecutor's office, it said in a statement.

  • NEW YORK, Jan 31- Japan Exchange Group Inc, the operator of the Tokyo Stock Exchange, has taken a minority stake in UK- based fintech company OpenGamma Limited, as corporate investors account for a growing share of venture funding in fintech. The JPX funding round follows a $13.3 million investment in OpenGamma in October by venture capital firm Accel Partners,...

  • NEW YORK, Jan 31- Nasdaq Inc said on Tuesday it would wind down its struggling London- based interest rate derivatives exchange, NLX, as unrelated one-time costs pulled the transatlantic exchange operator to a fourth-quarter loss. That expense was the main driver behind Nasdaq's net loss of $224 million, or $1.35 per share, in the quarter, which compares to net...

  • NEW YORK, Jan 31- Transatlantic exchange operator Nasdaq Inc on Tuesday reported a fourth-quarter loss due largely to one-time costs, including the rebranding of its Treasury trading business. The net loss was $224 million, or $1.35 per share, compared with year-earlier net income of $148 million, or 88 cents per share. Other charges included $20 million in...

  • *Policy statement due at 2 p.m. EST. WASHINGTON, Jan 31- The U.S. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • NEW YORK, Jan 27- Nasdaq Inc no longer plans to charge additional fees to access key data essential for stock market operations following complaints of price gouging from other exchanges, trading firms and an industry trade group, according to a regulatory filing. But Nasdaq's latest proposal drew opposition from exchange operators Bats Global Markets and...