LONDON, Oct 9- It's been three years since Hong Kong Exchanges and Clearing bought the London Metal Exchange and there is a sense that the makeover of the venerable old lady of metals trading is finally starting to bear fruit. The LME is even starting to return some of the $2.2 billion HKEx splashed out on its acquisition, contributing a nearby doubling of net...» Read More
April 22- The London Stock Exchange Group, among the world's oldest exchanges, may strike a deal with one of the big four Western exchanges within two years, the group's chief executive told the Wall Street Journal in an interview. When there is an industry with competitive tension, consolidation tends to be not too far behind, "CEO Xavier Rolet told the newspaper.
In a hearing before a Securities and Exchange Commission administrative law judge, an attorney for the Securities Industry and Financial Markets Association tried to undercut testimony from an employee at Intercontinental Exchange's NYSE Arca. At the heart of the case is a fundamental question about whether competition between NYSE and Nasdaq OMX is...
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.
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 Connect has nearly tripled in the past year, making it one of the largest U.S. dark pools—where investors can trade anonymously.
CME Group said one of its clearing systems was hacked in July and the incident is the subject of a federal criminal investigation.
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 won a long-running court battle to prevent rival International Securities Exchange from listing options on two key stock market indexes.
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 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.
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.
The U.S. must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on Wednesday.