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Diversified Financial Services Specialized Finance

  • *HKEx mainland China platform not operating yet. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would support futures trading at other Chinese exchanges. The spot trading platform is expected to be used in metals such as copper and nickel and is the HKEx's biggest attempt to...

  • *Platform in mainland China has not yet started operating. QIANHAI, China, May 11- The head of Hong Kong Exchanges and Clearing said the bourse's upcoming commodity platform in mainland China would eventually offer trading in futures contracts. The platform, which will initially be used for spot trading in metals such as copper and nickel, is the HKEx's latest...

  • TORONTO, May 10- Canada's main stock index rose on Wednesday as higher oil prices supported energy shares, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors. U.S. crude oil prices settled $1.45 higher at $43.33 a barrel, bolstered by the biggest one-week drop in U.S....

  • TORONTO, May 10- Canada's main stock index rose on Wednesday as higher oil prices supported energy shares, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 64.01 points, or 0.41 percent, at...

  • TORONTO, May 10- Canada's main stock index inched higher on Wednesday morning as heavyweight energy stocks rose with higher oil prices, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting earnings that failed to impress investors. The materials group, which includes precious and base metals miners and fertilizer...

  • TORONTO, May 10- Canada's main stock index rose in early trade on Wednesday, boosted by gains for energy and other resource stocks as oil prices rebounded, while insurer Sun Life Financial Inc and exchange operator TMX Group Ltd fell after reporting quarterly earnings. The Toronto Stock Exchange's S&P/TSX composite index was up 24.05 points, or 0.15 percent, to...

  • *CME, Thomson Reuters stepping down from fix. James Proudlock, managing director and head of market development for the exchange and its clearing business, said the exchange would take part in the process after a request for proposals was recently issued to find a replacement for CME Group and Thomson Reuters. The 140- year-old exchange took part in the bidding...

  • HONG KONG, May 10- The head of Hong Kong Exchanges and Clearing rebuffed criticism of the bourse's handling of the London Metal Exchange on Wednesday, but pledged to listen to core users of the world's oldest metal market as it plans more reforms. In his first speech since a major management reshuffle last month, Charles Li reinforced his message that a major...

  • HONG KONG, May 10- The head of Hong Kong Exchanges and Clearing on Wednesday said that fee hikes at the London Metal Exchange were "largely behind us," while acknowledging the challenges the bourse had faced since buying the LME five years ago. "In the history of the LME... the past five years is pretty short, but it feels very, very long," Charles Li said in some of his most...

  • Shares of CBOE, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, were up as much as 3.1 percent in morning trade, touching a record high of $84.81. CBOE's net income allocated to common shareholders fell to $15.1 million, or 16 cents per share, in the first quarter ended March 31, from $49.2 million, or 60 cents per share, a year earlier.

  • The Chicago- based company, whose shares were flat in premarket trading, said operating expenses rose primarily due to $65.2 million in acquisition-related costs. The operating expenses of the company, which agreed to buy Bats Global Markets Inc for $3.2 billion last year, rose to $167.3 million from $63.6 million, a year earlier. The company's net income...

  • May 9- CBOE Holdings Inc, the operator of the largest U.S. options exchange, reported a 69.3 percent fall in quarterly profit, hit by higher costs. Chicago- based CBOE's net income allocated to common shareholders fell to $15.1 million, or 16 cents per share, in the first quarter ended March 31, from $49.2 million, or 60 cents per share, a year earlier.

  • Fees for closing auctions have increased from 16 percent to 60 percent at the NYSE and Nasdaq respectively, in that period, the exchange said. Nasdaq and NYSE, which is owned by Intercontinental Exchange Inc, list nearly all corporate stocks, and much of their trading volume occurs during their opening and closing auctions. A bigger share of end-of-day volume...

  • SYDNEY, May 8- Copper retreated in early Asian trade, with high inventories weighing on prices in both London and Shanghai markets ahead of key Chinese trade data on Monday. *LONDON COPPER: Three-month copper on the London Metal Exchange had dropped 1 percent to $5,520 a tonne by 0139 GMT. *SHANGHAI COPPER: The most-traded copper contract on the Shanghai Futures...

  • May 3- Intercontinental Exchange Inc, which owns the New York Stock Exchange, said on Wednesday it has earmarked a $10 million "accrual" related to a regulatory probe into a nearly four-hour trading halt on the NYSE in July 2015, as well as other ongoing investigations. It was not known if the SEC approved the recommendation, or what the amount of any...

  • May 3- Intercontinental Exchange Inc, which owns the New York Stock Exchange, reported a rise in first-quarter earnings on Wednesday, helped by higher futures volumes and data sales. Net income attributable to the exchange and clearinghouse operator rose to $502 million, or 84 cents per share, from $369 million, or 62 cents per share, a year earlier.

  • WASHINGTON, May 2- The U.S. "The bar to disrupting the Fed's plans is higher now than it was in previous years," said Michael Gapen, chief economist at Barclays in New York in a note to clients. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • WASHINGTON, May 2- The U.S. "The bar to disrupting the Fed's plans is higher now than it was in previous years," said Michael Gapen, chief economist at Barclays in New York in a note to clients. Investors next see an interest rate rise in June, according to Fed futures data compiled by the CME Group.

  • *To start pilot listings of foreign firms as soon as 2017. *Wants to become regional center for equity issuance. RIYADH, April 27- Saudi Arabia aims to start listing foreign companies on its stock market as soon as this year as it seeks to become a regional center for equity issuance, said Mohammed Abdullah Elkuwaiz, vice-chairman of the Capital Market Authority.

  • FRANKFURT, April 26- Deutsche Boerse delivered a sharp rise in net profit in the first quarter and said it would buy back shares as it sought to appease disgruntled investors following its failed merger attempt with London Stock Exchange Group. "Thanks to our diversified business model and effective cost management we were able to compensate low equity market...