Diversified Financial Services Specialized Finance

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  • NEW YORK, Feb 19- Bats Global Markets, the No. 2 U.S. exchange operator, has received regulatory approval to crack down more promptly on manipulative trading behavior on its stock exchanges, according to a Securities and Exchange Commission filing. If Bats detects manipulative trading patterns, the new rule allows it to contact the broker of the trader or firm in...

  • SAO PAULO, Feb 19- Brazil's BM&FBovespa SA is offering more cash and stock to buy rival clearinghouse Cetip SA Mercados Organizados, as Latin America's largest bourse seeks to expand into fixed-income and derivatives registration amid the bleakest outlook for domestic markets in more than a decade. Cetip shareholders would earn interest pegged to Brazil's...

  • SAO PAULO, Feb 19- BM&FBovespa SA, Latin America's largest bourse, on Friday sweetened a bid for rival clearinghouse Cetip SA Mercados Organizados. In a securities filing, BM&FBovespa presented a binding offer worth 41 reais per Cetip share. In a separate filing, the board of São Paulo-based Cetip said it will evaluate the terms of BM&FBovespa's revised offer.

  • The broker-run trading alternative trading systems, which have been under increased regulatory scrutiny in recent years, remain a focus of the SEC, Chair Mary Jo White, told reporters at a conference in Washington. The latest enforcement action against dark pools was in late January when Barclays and Credit Suisse agreed to pay more than $150 million combined...

  • The broker-run trading alternative trading systems, which have been under increased regulatory scrutiny in recent years, remain a focus of the SEC, Chair Mary Jo White, told reporters at a conference in Washington. The latest enforcement action against dark pools was in late January when Barclays and Credit Suisse agreed to pay more than $150 million combined...

  • Feb 19- The head of the U.S. Securities and Exchange Commission expects the agency to bring more dark pool enforment cases this year.

  • SAO PAULO, Feb 18- BM&FBovespa SA, Brazil's sole financial exchange, on Thursday posted an unexpected fourth-quarter loss after writing down the value of assets stemming from the acquisition that created the company eight years ago. The asset impairment stemmed from BM&FBovespa's decision to lower profitability projections stemming from BM&F SA's...

  • SAO PAULO, Feb 18- BM&FBovespa SA, Brazil's sole financial exchange, on Thursday posted an unexpected fourth-quarter loss after writing down the value of intangible assets stemming from the acquisition that created the company eight years ago. São Paulo-based BM&FBovespa lost a net 407.5 million reais last quarter, compared with net income of 2.01 billion...

  • JOHANNESBURG, Feb 18- South African Finance Minister Pravin Gordhan must juggle the conflicting demands of voters and credit rating agencies next week in his first budget since he returned to the post, charged with restoring confidence in the nation's economic management. With South Africa threatened by ratings downgrades to "junk" status, presenting the...

  • NEW YORK, Feb 17- IEX Group struck back on Wednesday at critics of its bid to become a U.S. stock exchange, including the New York Stock Exchange and BATS Global Markets, which have accused their potential rival of skewing facts to help win approval. We stand by our words, "the company, which currently operates a private trading platform, said in its fourth such letter to...

  • LONDON, Feb 17- Rating agency Standard& Poor's downgraded Saudi Arabia, Brazil Kazakhstan, Bahrain and Oman's credit ratings on Wednesday, in its second mass cut of large oil producers in almost exactly a year. S&P cited the pressures being created by the drop in oil prices for the moves which included double-notch downgrades of Saudi Arabia to A- negative from A+...

  • Euronext, which operates exchanges in Paris, Amsterdam, Brussels, London and Lisbon, plans to announce a new strategic plan in the second quarter of 2016, he added. The company's earnings before interest, tax, depreciation and amortization rose to 283.8 million euros in 2015 from 225.4 million euros a year earlier. Revenue from listings rose 14.2 percent to 70.5...

  • NEW YORK, Feb 16- Exchange operator Nasdaq Inc said on Tuesday it plans to lower trading prices for some U.S. stocks during times of extreme market volatility to determine whether the incentives lead to less disruptive trading. The move comes as exchanges and regulators re-examine rules designed to ensure orderly markets following a chaotic trading session...

  • SAN FRANCISCO, Feb 5- Florida will come to the market with $1.2 billion in revenue bonds on Feb. 8 issued by the State Board of Administration Finance Corporation, formerly known as the Florida Hurricane Catastrophe Fund. Standard& Poor's Rating Agency raised the credit's rating on the bonds to AA from AA- based in part on the consistent growth in the assessment...

  • Net income attributable to CME dropped to $291.7 million, or 86 cents per share, in the fourth quarter ended Dec. 31, from $306.5 million, or 91 cents per share, a year earlier, as average daily volumes fell 11 percent. Excluding items, the company earned 92 cents per share, topping analysts' expectations for 90 cents. CME, which owns the Chicago Board of Trade and Chicago...

  • Feb 5- CME Group Inc, the world's largest futures market operator, reported a 4.8 percent fall in quarterly profit due to lower transaction volume and clearing fees. Net income attributable to CME fell to $291.7 million, or 86 cents per share, in the fourth quarter ended Dec. 31, from $306.5 million, or 91 cents per share, a year earlier. CME, which owns the Chicago Board of...

  • NEW YORK, Feb 4- As the long rout on world energy markets intensified in volatile trade in recent months, exchange operators have reaped benefits. On Thursday, the Atlanta- based exchange reported forecast-busting earnings for the fourth quarter due to its data business. "More people are paying attention to those prices and trying to figure out when to lock in low...

  • NEW YORK, Feb 4- As a deepening panic has swept across world energy markets in recent months, exchange operators have reaped benefits as trading volumes soared. The bumper volumes will likely be a hot topic of discussion when Atlanta- based ICE reports quarterly earnings on Thursday and its Chicago rival releases its numbers on Friday. The exit and entry has...

  • CHICAGO, Feb 3- CME Group Inc plans to resume the listing schedule for live cattle futures and options contracts, effective Feb. 18, the exchange said in statement on Wednesday. CME Group temporarily delayed listing new contracts in early December 2015 to evaluate possible delivery changes of non-U.S. origin cattle in anticipation of a repeal of beef, as a covered...

  • CHICAGO, Feb 3- Exchange operator CBOE Holdings Inc on Wednesday reported lower quarterly revenue on a sharp drop in trading volume and said it would increase spending in 2016, sending its shares lower. The company, which owns the Chicago Board Options Exchange, said core operating expenses would rise 8 percent to 10 percent to $211 million to $215 million in...