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Diversified Financial Services Specialized Finance

  • Sept 5- U.S. exchange operator Nasdaq Inc said on Tuesday it would buy cloud-based analytics provider eVestment Alliance LLC for $705 million. Nasdaq said it would fund the deal with debt and cash on hand. Evestment helps institutional investors monitor industry trends and make investment decisions.

  • Sept 5- U.S. exchange operator Nasdaq Inc said on Tuesday it would buy cloud-based analytics provider eVestment Alliance LLC for $705 million. Nasdaq said it would fund the deal with debt and cash on hand. Evestment helps institutional investors monitor industry trends and make investment decisions.

  • Publishing information after 4:00 p.m. can cause a company's stock to trade in other markets at materially different prices than that of NYSE's closing auction, the exchange operator said in a letter to the U.S. Securities and Exchange Commission. If the proposal passes, listed companies will have to delay news releases till 4:05 p.m., or until the time the...

  • Publishing information after 4:00 p.m. can cause a company's stock to trade in other markets at materially different prices than that of NYSE's closing auction, the exchange operator said in a letter to the U.S. Securities and Exchange Commission. If the proposal passes, listed companies will have to delay news releases till 4:05 p.m., or until the time the...

  • *Moody's rating agency raises outlook for Lebanon. BEIRUT, Aug 30- Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more to prevent its rising debt spinning out of control. President Michel Aoun, elected last year after 29 months without a head of state, signed off last week on public...

  • BUDAPEST, Aug 28- The forint firmed slightly on Monday in a cautious reaction to a surprise move by rating agency Standard& Poor's late on Friday to raise the outlook on Hungary's sovereign rating to "positive." S&P, after Friday's markets close, reaffirmed Hungary's rating at BBB-, but raised the outlook to positive from stable, citing a better growth and external...

  • That is well below the 2.5 percent growth rate projected for the United States and 6 percent in Asia, said Roberto Sifon Arevalo, who follows sovereign and international public finance ratings in Latin America for the credit rating agency. Sifon Arevalo praised center-right Argentine President Mauricio Macri's reform efforts since taking office in late...

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said "it looks like the growth in U.S. production is quickly running out of steam...

  • If the downtrend in oil inventories is maintained, then a bullish case can be made for oil, especially given the ongoing supply restrictions from OPEC and Russia, "said Fawad Razaqzada, market analyst at futures brokerage Forex.com. Erik Norland of CME Group, a major commodity exchange, said that "it looks like the growth in U.S. production is quickly running out of...

  • NEW YORK, Aug 19- A year after disrupting the U.S. stock market with a new approach to handling trades, upstart stock exchange operator IEX Group is planning to nab listings from rivals by charging simpler, cheaper fees, Sara Furber, IEX's head of listings, said in a recent interview. IEX launched as a trading venue exactly a year ago on Aug. 19, but its founders had...

  • NEW YORK, Aug 19- A year after disrupting the U.S. stock market with a new approach to handling trades, upstart stock exchange operator IEX Group is planning to nab listings from rivals by charging simpler, cheaper fees, Sara Furber, IEX's head of listings, said in a recent interview. IEX launched as a trading venue exactly a year ago on Aug. 19, but its founders had...

  • 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...