Diversified Financial Services Specialized Finance


  • 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'...


  • COPENHAGEN, Aug 24- Nasdaq is poised to launch a platform for foreign exchange trading which it says would make the $5 trillion- a-day global market more transparent and would diversify its own business, a top executive from the stock market operator said. Authorities in the United States and Europe have fined major banks more than $10 billion for failing to stop...

  • *Chinese market falls 8 percent. Aug 24- Wall Street opened sharply lower on Monday with the Dow Jones industrial average losing more than a 1,000 points following a more-than 8 percent drop in Chinese shares and a selloff in oil and other commodities. The New York Stock Exchange invoked a rule saying market makers don't have to disseminate price indications...

  • FACTBOX-U.S. stock circuit breaker levels Monday, 24 Aug 2015 | 9:27 AM ET

    NEW YORK, Aug 24- Nasdaq 100 September futures were halted in premarket trading on Monday after falling to 3,992.25, marking a 5 percent drop in overnight hours. According to CME Group, the equity index price limits are designed to coordinate with circuit breaker provisions the New York Stock Exchange has in place. The New York Stock Exchange implemented circuit...

  • Tianjin blast to strain Chinese insurers - Fitch Tuesday, 18 Aug 2015 | 4:40 AM ET

    *Regional insurers to bear brunt of Tianjin claims. FRANKFURT, Aug 18- Insurance claims from devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit rating agency Fitch said on Tuesday. PICC Property and Casualty Company, Ping An Property& Casualty Insurance Company of...

  • BRASILIA, Aug 14- Brazil's Treasury asked state governments to halt requests for new loans to avoid lifting its overall debt which is being closely watched by credit rating agencies that have threatened to take away the country's coveted investment grade rating, the finance ministry said in a statement on Friday. Rating agency Standard& Poor's has threatened...

  • SAO PAULO, Aug 14- Plans by Brazil's ruling party to phase out tax-deductible interest on equity payments in a move to plug a swelling budget gap could harm the nation's capital markets, the top executive at bourse operator BM&FBovespa SA said on Friday. Credit Suisse Securities analyst Andrew Campbell and others expect Brazil's largest dividend payers to...

  • S&P downgrades Chicago GO bonds to A- from A+ Thursday, 14 May 2015 | 7:11 PM ET

    S&P credit rating agency on Thursday downgraded Chicago's general obligation bonds to A- from A+.

  • 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.

  • HKEx may change listing rule after Alibaba IPO loss Saturday, 30 Aug 2014 | 12:50 AM ET

    Stung by the loss of the IPO of Chinese e-commerce firm Alibaba, the Hong Kong stock exchange took a step towards loosening its listing rules.

  • Tech M&A deals have been 'preposterous': Pro Thursday, 20 Mar 2014 | 7:24 PM ET
    Tech M&A deals have been 'preposterous': Pro

    Keith Fitz-Gerald, Chief Investment Strategist, Money Map Press, says he is shifting his attention away from mergers and acquisitions in the technology field to the financial sector.

  • Citadel's dark pool surges in volume Friday, 21 Feb 2014 | 12:42 PM ET

    Citadel Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.

  • We were hacked! CME Group says Friday, 15 Nov 2013 | 2:07 PM ET
    CME ClearPort home page

    CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.

  • Goldman trading glitch could cost over $100 million Tuesday, 20 Aug 2013 | 8:26 PM ET

    Goldman Sachs experienced a trading glitch that caused a huge batch of erroneous trades Tuesday. Many may be canceled but the snafu could still cost Goldman upwards of $100 million.

  • CBOE Keeps S&P and Dow Jones Options Exclusivity Monday, 13 May 2013 | 12:34 PM ET
    William Brodsky, chairman and chief executive officer of the Chicago Board Options Exchange.

    CBOE won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.

  • Ron Burkle

    After suffering steep losses in one fund, the Yucaipa Companies, the money management firm run by the billionaire Ronald W. Burkle, has cut fees for investors in the portfolio, The New York Times reports.

  • Nasdaq to Set Up Trading Post for Private Firms Wednesday, 6 Mar 2013 | 7:43 AM ET

    Nasdaq OMX Group said it will form a joint venture with SharesPost to establish a marketplace for private companies. The stock exchange operator will retain a majority stake in Nasdaq Private Market.

  • Lawsuit Worries Hit Moody's Shares Friday, 8 Feb 2013 | 11:30 AM ET

    Shares in credit rating agency Moody's fell sharply on Friday as it faces a possible federal fraud lawsuit over its pre-crisis debt ratings.