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Diversified Financial Services Specialized Finance

  • NEW YORK, Oct 26- The U.S. Securities and Exchange Commission has put on hold a decision by its staff to allow the Chicago Stock Exchange to give certain trading firms faster access if they agree to strict trading obligations aimed at making it easier for others to buy and sell stocks. It is the second time in recent months that the SEC has stayed a decision regarding...

  • *No successor named but Kengeter to serve in interim. *Resignation to "avoid further burdens" of investigation. FRANKFURT, Oct 26- Deutsche Boerse's embattled chief executive Carsten Kengeter is stepping down amid continuing allegations of insider trading, the German exchange operator announced on Thursday, hours before the company issued a profit warning.

  • FRANKFURT, Oct 26- In 2014, Carsten Kengeter completed the Patrouille des Glaciers, a gruelling ski and mountaineering race organised by the Swiss military, in 16 hours and 23 minutes. But his endurance petered out on Thursday following a months-long struggle to remain at the helm of Deutsche Boerse, the German stock exchange operator. Kengeter had also irked...

  • *India to inject $32.4 billion into state-owned banks. NEW DELHI/ MUMBAI, Oct 26- For three years, Prime Minister Narendra Modi had avoided the one step that everybody from central bank officials to credit rating agencies had implored him to take to fix the country's banking woes- a massive injection of cash. So financial markets were stunned this week when the...

  • *Q3 adjusted EPS $1.19 vs est $1.16. The company, which owns the Chicago Board of Trade and other futures exchanges, said its revenue from clearing and transaction fees rose 7.4 percent to $756.2 million in the third quarter on higher average daily volume. Excluding items, CME earned $1.19 per share, brushing past the average analyst estimate of $1.16, according to...

  • The company, which owns the Chicago Board of Trade and other futures exchanges, said its expenses rose 2.1 percent to $322.9 million in the third quarter ended Sept. 30. Revenue from market data and information services declined 4.2 percent to $96.9 million. The Illinois- based company's net income fell to $308.6 million, or $0.91 per share, from $472.8 million, or...

  • Oct 26- CME Group Inc, the world's largest futures market operator, reported a 34.7 percent fall in quarterly profit, hurt by higher expenses. The Illinois- based company's net income fell to $308.6 million, or $0.91 per share, in the third quarter ended Sept. 30, from $472.8 million, or $1.39 per share, a year earlier. On an adjusted basis, CME earned $1.19 per share.

  • RIYADH, Oct 26- Saudi Arabia plans to make its capital market more accessible to foreign investors by giving them full access to NOMU, a parallel market recently launched for small and medium-sized enterprises, Mohammed El Kuwaiz, chairman of the Capital Market Authority said on Thursday. Non-resident foreign investors will be able to invest directly in the...

  • Revenue from information services unit rose 9.5 percent to $150 million, while its market technology unit revenue rose 5.5 percent to $77 million. The company most recently acquired investment analytics provider eVestment Alliance LLC for $705 million. The company's net income rose to $171 million, or $1.01 per share, in the third quarter ended Sept. 30, from...

  • Oct 25- Nasdaq Inc reported a 30.5 percent rise in its quarterly profit as the U.S. exchange operator benefited from an increase in revenue from its market services business that oversees transactions, clearing and settlements. The company's net income rose to $171 million, or $1.01 per share, in the third quarter ended Sept. 30, from $131 million, or 77 cents per...

  • LONDON, Oct 24- Britain's markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. "The Financial Conduct Authority announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by...

  • LONDON, Oct 24- Britain's markets watchdog said it has opened an investigation into the hacking of U.S. credit reporting agency Equifax, which affected nearly 700,000 UK citizens. "The Financial Conduct Authority announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by...

  • But prospects for structural reform remain limited, as there is still "little sign" Abe is making a breakthrough necessary to boost Japan's long-term growth, the rating agency said. Abe's win means a twice-delayed sales tax hike to 10 percent from 8 percent now looks more likely to be implemented in 2019, which could have a positive effect in reining in Japan's...

  • *CEO Rolet diversified LSEs business. LONDON, Oct 19- Xavier Rolet, chief executive of the London Stock Exchange Group, will step down at the end of next year, just under a decade after he took charge and transformed the company with a string of deals. The Frenchman, at the helm of what had been a quintessentially English club in the City of London for much of its 300- year...

  • WASHINGTON, Oct 18- The U.S. Securities and Exchange Commission said on Wednesday it had named JPMorgan Chase executive Brett Redfearn as director of the agency's trading and markets division. The job is one of the last major positions new SEC Chairman Jay Clayton still had to fill. During his career, Redfearn has served on the boards of Bats Global Markets and the...

  • Oct 18- Singapore Exchange Ltd and Nasdaq Inc announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators' namesake exchanges. The tie-up would help fast-growing Asian companies to list on the SGX and subsequently pursue a Nasdaq listing as they expand globally, SGX Chief Executive...

  • NEW YORK, Oct 17- A proposed regulatory experiment to test the effects of lowering stock exchange fees could end up making stocks harder to trade and should be delayed pending a comprehensive market review, the three largest U.S. stock exchange operators said in a letter to the Securities and Exchange Commission. "Harming this critical component of our markets...

  • TORONTO, Oct 17- Shares of Canadian marijuana company Aphria Inc sank on Tuesday, after the operator of the Toronto Stock Exchange said cannabis companies with U.S. interests would come under heightened scrutiny and could be delisted. Aphria tumbled 9 percent to C $7.21 in morning trading, after TMX Group Ltd said after the bell on Monday it would launch a review...

  • TORONTO, Oct 16- Canada's TMX Group Ltd, operator of the Toronto Stock Exchange, said on Monday that it might delist stocks of marijuana companies with interests in the United States, where their operations are illegal under federal law. The regulators did not prohibit marijuana firms with U.S. ties from listing in Canada, leaving room for any firms rejected by TMX...

  • TORONTO, Oct 16- Canada's TMX Group Ltd, operator of the Toronto Stock Exchange, said on Monday that it may move to delist stocks of marijuana companies with interests in the United States, where their operations are illegal under U.S. federal law. TMX disclosed its plans as Canadian securities regulators tightened up rules requiring firms to disclose their...