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World Markets Exchanges

  • The ASX is ready for competition on clearing and has an eye on a new system aimed at making back-office settlement easier, says Dominic Stevens, CEO of ASX.

  • BOSTON/ NEW YORK, Aug 15- Massachusetts' top securities regulator said on Tuesday that his office is examining whether brokerages route orders to stock exchanges that pay them additional fees regardless of whether investor clients are getting the best price. The regulator, William Galvin, the secretary of the Commonwealth of Massachusetts, has sent inquiry...

  • NEW YORK, Aug 14- JPMorgan Chase& Co has begun trading on a new private stock trading venue, or "dark pool," that lets its clients use the bank's algorithms to buy or sell stocks at a benchmark price reached over a period of time. Trading in the new dark pool, known as JPBX, began the week of July 17, according to data from the Financial Industry Regulatory Authority.

  • NEW YORK, Aug 11- IEX Group Inc plans to push what it views as predatory trading strategies out of the market by raising fees for firms that cash in on stale prices, the stock exchange operator said on Friday. Much like the high-speed trading firms it is trying to thwart, IEX uses algorithms to analyze orders and trades that occur on exchanges. "If we can stop HFT market...

  • TORONTO, Aug 10- TMX Group Ltd's CEO on Thursday brushed off signs that the grip of Canada's dominant stock exchange operator on overall trading volumes was slipping, saying recent market share losses were mostly due to its rejection of certain listings. July data from industry body IIROC shows the market share in Canada of TMX's main Toronto Stock Exchange and...

  • *Bank of France says deal good for Paris financial centre. Clearing, an arcane part of the plumbing of financial markets, has become highly politicised since Britain's vote to leave the European Union in June last year. Under the deal, Euronext will swap its 2.3 percent stake in LCH Group in London for an 11.1 percent share in LCH's Paris unit, giving Euronext and its...

  • LONDON, Aug 8- Pan-European bourse Euronext said on Tuesday it would extend its contract with Britain's LCH in a surprise move that could defuse tension over where clearing of euro-denominated transactions should take place after Brexit. Euronext said the deal avoids customers facing added costs of switching from one clearing house to another at a time when...

  • DUBLIN, Aug 7- Gambling firm Paddy Power Betfair's chief executive Breon Corcoran announced plans to step down on Monday, 18 months since completing the merger of Irish bookmaker Paddy Power with British online betting exchange operator Betfair. Corcoran will be replaced by Peter Jackson a non-executive director at Paddy Power Betfair and CEO of the UK arm of...

  • Aug 4- CBOE Holdings Inc, the operator of the largest U.S. options exchange, reported a nearly 33 percent rise in quarterly profit on Friday, helped by higher transaction fees. Chicago- based CBOE's net income allocated to common shareholders rose to $67.3 million, or 60 cents per share in the second quarter ended June30, from $50.7 million from 62 cents per share, a...

  • Bats said in May it planned to offer brokers a type of order that would give them the same closing prices derived from the closing auctions on Nasdaq and the NYSE for stocks listed on those exchanges, but with lower execution fees. NYSE and Nasdaq have said the Bats proposal would risk undermining exchanges' closing auctions by siphoning orders away from the...

  • BOX plans to open the trading floor in Chicago later this month, the exchange said in a statement following the decision to allow the move by the U.S. Securities and Exchange Commission. There are a handful of options trading floors left in the United States, including NYSE Arca Options in San Francisco, NYSE American Options in New York, Nasdaq PHLX in...

  • Aug 3- Intercontinental Exchange Inc, which owns the New York Stock Exchange, on Thursday reported a 17 percent rise in second-quarter profit, helped by a drop in operating and transaction-based costs. Operating expenses fell 1.6 percent to $569 million in the second quarter, while transaction-based costs dropped 15.7 percent to $316 million.

  • Aug 3- Intercontinental Exchange Inc, which owns the New York Stock Exchange, on Thursday reported a 17 percent rise in second-quarter profit, helped by a reduction in operating expenses and transaction based expenses. Net income attributable to the exchange and clearing house operator rose to $418 million, or 70 cents per share, from $357 million, or 60 cents per...

  • BOX plans to open the trading floor in Chicago later this month, the exchange said in a statement following the decision to allow the move by the U.S. Securities and Exchange Commission. There are currently four options trading floors in the United States: NYSE Arca Options in San Francisco, NYSE American Options in New York, Nasdaq PHLX in Philadelphia, and the...

  • NEW YORK, Aug 2- CME Group Inc, the world's biggest exchange operator by market value, is looking to the lucrative business of selling data to boost revenue, spawn new financial products, and change the way many futures contracts trade. But early stumbles have undercut confidence that the Chicago- based company can catch up with rivals, much less transform the...

  • China's wealthiest plan to move overseas.

    MSCI is warning Chinese companies that suspending trading in their shares for too long could get them cut from the benchmark index.

  • Multi-asset exchange strategy will pay off: SGX CEO

    SGX reported annual revenue fell 2 percent, while annual profit declined 3 percent. Loh Boon Chye, CEO of SGX, discusses the exchange's results.

  • *Sets aside provisions of 10.5 million euros for possible fines. FRANKFURT, July 26- Deutsche Boerse said on Wednesday that its first half performance was "slightly below" its expectations and full year earnings were likely to be at the "lower end" of its forecast range. The German stock exchange operator reported second-quarter net profit of 176 million euros,...

  • July 26- The CME Group said on Wednesday that it will develop futures and options based on the repurchase agreement market, after a bank committee in June selected a benchmark repo rate to be used as an alternative to Libor in derivatives transactions. The Alternative Reference Rates Committee selected a broad repo rate as a new benchmark at the behest of...

  • July 26- Exchange operator Nasdaq Inc's second-quarter profit more than doubled, helped by a jump in revenue in its market services business that oversees transactions, clearing and settlement services. Nasdaq's net income rose to $147 million, or 87 cents per share in the second quarter ended June 30, from $70 million, or 42 cents per share, a year earlier.