• Reuters SG

    Big FX platforms see e-trading volumes drop over past 3 years - BIS

    Turnover on some of the world's biggest currency-trading venues has dropped as falling market volatility prompts some global banks to route more volumes onto their internal platforms, the Bank for International Settlements said in a quarterly report. Electronic trading between banks on the world's biggest platforms -- owned by Refinitiv, partly owned by Thomson Reuters and EBS, part of the CME Group, among others -- has fallen by 7% to $368 billion per day in 2019 from a similar survey three years ago. The BIS, known as the central bankers’ bank, noted these electronic inter-dealer brokerage systems, which are central to FX trading, now constitute only for a small portion of the turnover in the market even though they remain essential in price discovery.

  • Financial Times

    NYSE direct listings proposal rejected by SEC 

    to allow companies to raise capital through direct listings, setting back efforts to expand the low-cost alternative to traditional initial public offerings. NYSE proposed the changes last month in a regulatory filing in which it set out rules for “primary direct floor listings” in which companies could raise a minimum of $250m. “We remain committed to evolving the direct listing product,” an NYSE spokesperson said in a statement.

  • Broker wars go crypto as Thiel-backed startup BlockFi offers free trades
    Yahoo Finance

    Broker wars go crypto as Thiel-backed startup BlockFi offers free trades

    New Jersey-based BlockFi is extending their services to allow customers to trade their cryptocurrencies with zero fees attached.

  • Cboe Global's (CBOE) November Volumes Weak, Decline Y/Y
    Zacks

    Cboe Global's (CBOE) November Volumes Weak, Decline Y/Y

    Cboe Global's (CBOE) November volumes reflect decrease in options and futures contract.

  • Financial Times

    Wall Street power player makes her political debut

    Kelly Loeffler was the smooth investor-relations chief who pitched Intercontinental Exchange to Wall Street. Now she is promoting President Donald Trump’s border wall. When the executive from the Atlanta-based exchange group on Wednesday was named a Republican senator for the southern US state of Georgia, she wasted no time professing loyalty to the president.

  • Financial Times

    FirstFT: Today’s top stories

    FT subscribers can click here to receive FirstFT every day by email. Nearly two-thirds of Americans say this year’s record-setting Wall Street rally has had little or no impact on their personal finances, ...

  • Trade of the 2020's: Sell Gold, Buy Biotech
    Zacks

    Trade of the 2020's: Sell Gold, Buy Biotech

    In 5 years, you be selling your gold and buying more companies leading the century of biology.

  • The stock market's biggest winners and losers of the past decade
    Yahoo Finance

    The stock market's biggest winners and losers of the past decade

    With the 2010s officially drawing to a close, Yahoo Finance took a look at some of the biggest S&P 500 winners and losers of the past decade based on price returns.

  • Here's Why MarketAxess (MKTX) Stock Looks Attractive Now
    Zacks

    Here's Why MarketAxess (MKTX) Stock Looks Attractive Now

    MarketAxess (MKTX) benefits from growth in business and market share, acquisitions, innovation, and strong capital position.

  • Financial Times

    Malaysia’s Najib Razak points finger at Jho Low in 1MDB trial

    Malaysia’s former prime minister Najib Razak has sought to shift the blame for wrongdoing linked to the multibillion-dollar scandal at the state wealth fund on to the fugitive financier Jho Low, as he took the stand in his trial for the first time. The former leader is defending himself against seven charges of money laundering, breach of trust and abuse of power involving SRC International, a former subsidiary of 1Malaysia Development Berhad, the government investment fund from which the US Department of Justice alleges $4.5bn has gone missing. Mr Najib, who founded 1MDB in 2009, said he had no personal interest in SRC and denied involvement in the fund’s inner dealings and in appointing its management executives.

  • CME Group to launch LNG freight futures as demand to hedge trade risks rises
    Reuters

    CME Group to launch LNG freight futures as demand to hedge trade risks rises

    Exchange operator CME Group said on Tuesday it would be the first futures exchange to launch trading of three liquefied natural gas (LNG) freight futures contracts on Dec. 23. The move shows growing demand for hedging tools in the quickly developing and increasingly volatile LNG market, with the introduction of freight derivatives having lagged behind the development of financial tools to hedge gas volumes. "The biggest unhedged risk (on the LNG market) is on the freight side," Owain Johnson, CME Group global head of product development and research, told Reuters.

  • CBOE (CBOE) Up 3.3% Since Last Earnings Report: Can It Continue?
    Zacks

    CBOE (CBOE) Up 3.3% Since Last Earnings Report: Can It Continue?

    CBOE (CBOE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Stand in line, women: no 'potty parity' in Hong Kong
    Reuters

    Stand in line, women: no 'potty parity' in Hong Kong

    Hong Kong said on Thursday it had failed to meet its own pledge of "potty parity", a policy aimed at ending an imbalance witnessed the world over: the long queue for the women's loo. An official audit released on Wednesday found that Hong Kong authorities had failed to meet their own guidelines, in place since 2004, to provide two female toilets for every one for men. More than half the city's public toilet sites failed to meet the ratio, the Audit Commission said in its latest report.

  • 3 Reasons Growth Investors Will Love MarketAxess (MKTX)
    Zacks

    3 Reasons Growth Investors Will Love MarketAxess (MKTX)

    MarketAxess (MKTX) is well positioned to outperform the market, as it exhibits above-average growth in financials.

  • TD Ameritrade deal was 'executed brilliantly' by Charles Schwab: Expert
    Yahoo Finance

    TD Ameritrade deal was 'executed brilliantly' by Charles Schwab: Expert

    Charles Schwab announced on Monday it will buy rival TD Ameritrade in a deal valued at roughly $26 billion.  

  • TEST Business Wire Releases

    Quandl Unveils E-Commerce Intelligence Dataset

    Nasdaq’s Quandl, a leading alternative data provider, today launched the E-Commerce Intelligence (ECI) dataset, which allows investors to track product-level e-commerce transactions on a near real-time basis. The exclusive dataset follows the day-to-day transactions of 800 brands and 500 companies across more than 350 e-retailers in North America and EMEA, capturing US$15 billion worth of product sales annually.

  • Reuters

    UPDATE 1-London Stock Exchange shareholders bless $27 billion Refinitiv deal

    London Stock Exchange shareholders overwhelmingly backed the exchange's $27 billion takeover of data and analytics company Refinitiv on Tuesday, a deal designed to broaden LSE's trading business and make it a major distributor of market data. LSE Chairman Don Robert told a shareholders meeting in London that the exchange's board was unanimous in recommending the Refinitiv deal because it was a "compelling opportunity" in the best interests of shareholders and the company. One shareholder asked whether the LSE was simply bulking up to avoid becoming a future takeover target.

  • Reuters

    London Stock Exchange shareholders vote on $27 billion Refinitiv deal

    London Stock Exchange shareholders met on Tuesday to vote on the exchange's $27 billion takeover of analytics and data company Refinitiv, a deal designed to broaden LSE's trading business and make it a major distributor of market data. LSE Chairman Don Robert told the meeting in London that the exchange's board was unanimous in recommending the Refinitiv deal because it was a "compelling opportunity" in the best interests of shareholders and the company. One shareholder asked whether the LSE was simply bulking up to avoid becoming a future takeover target.

  • TEST Business Wire Releases

    Interactive Brokers Offering Fractional Share Trading

    Interactive Brokers is offering Fractional Share trading, broadening access to more expensive stocks and facilitating portfolio diversification.

  • Charles Schwab-TD Ameritrade deal would be the latest in a long series of broker mergers
    Yahoo Finance

    Charles Schwab-TD Ameritrade deal would be the latest in a long series of broker mergers

    Two giants in the retail brokerage industry are reportedly set to merge into one behemoth, triggering further industry consolidation amid the race to $0 trading fees.

  • Nasdaq (NDAQ) Up 3.7% Since Last Earnings Report: Can It Continue?
    Zacks

    Nasdaq (NDAQ) Up 3.7% Since Last Earnings Report: Can It Continue?

    Nasdaq (NDAQ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Why Is MarketAxess (MKTX) Up 12.7% Since Last Earnings Report?
    Zacks

    Why Is MarketAxess (MKTX) Up 12.7% Since Last Earnings Report?

    MarketAxess (MKTX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • What Schwab's TD Ameritrade Buyout Plan Means to Peers
    Zacks

    What Schwab's TD Ameritrade Buyout Plan Means to Peers

    Schwab's (SCHW) potential merger deal with TD Ameritrade is likely to be a game-changing development in the online brokerage space.