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United Kingdom

John McCrank

Federal pension fund to include China investments, bucking political pressure

7:03pm GMT

NEW YORK A pension fund for federal workers on Wednesday said it will begin tracking a benchmark that includes China-listed companies, despite strong opposition from a bipartisan group of Senators.

Cboe takes aim at retail stock orders as profits rise

01 Nov 2019

Cboe Global Markets Inc on Friday launched a service aimed at wooing retail stock orders, as the exchange operator posted better-than-expected third-quarter results, boosted by higher trading volume in its proprietary products.

New Wall Street-backed exchange MEMX eyes mid-2020 launch

31 Oct 2019

NEW YORK, Oct 31 The Members Exchange (MEMX), a new would-be bourse backed by major Wall Street firms, that aims to take on the New York Stock Exchange and Nasdaq Inc by way of lower fees, has filed its application with regulators and aims to launch by mid-2020.

ICE feels regulatory freeze on NYSE, overall profits rise

31 Oct 2019

Intercontinental Exchange Inc does not expect market data sales from the New York Stock Exchange to contribute to near-term revenue growth due to regulatory and legal gridlock, the company said on Thursday after posting better-than-expected quarterly profits.

CME CEO says he told regulators of clearinghouse capital concerns

30 Oct 2019

NEW YORK CME Group Inc has expressed concerns to regulators over a recent paper by several financial institutions calling for clearinghouses to put up more of their own capital to protect against losses that could disrupt the financial system, the head of the company said on Wednesday.

Rubio vows bill to prevent federal pension fund from investing in China

29 Oct 2019

U.S. Senator Marco Rubio plans to introduce legislation to block a federal pension fund from investing in Chinese stocks after the fund delayed a decision on tracking an index provided by MSCI Inc that includes Chinese firms.

Factbox: Why does Marco Rubio care about the Thrift Savings Plan?

29 Oct 2019

NEW YORK U.S. Senator Marco Rubio plans to introduce legislation to block the federal U.S. pension plan from investing in Chinese-listed shares, adding to pressure on administrators of the Thrift Savings Plan (TSP) to reverse a decision to allow one of its funds to track an index that includes China-based stocks.

FACTBOX-Why does Marco Rubio care about the Thrift Savings Plan?

29 Oct 2019

NEW YORK, Oct 29 U.S. Senator Marco Rubio plans to introduce legislation to block the federal U.S. pension plan from investing in Chinese-listed shares, adding to pressure on administrators of the Thrift Savings Plan (TSP) to reverse a decision to allow one of its funds to track an index that includes China-based stocks.

MSCI CEO says limiting capital flows to China would be 'devastating'

25 Oct 2019

NEW YORK Restricting the flow of U.S. capital to China would have a "devastating" impact on global markets, the head of index provider MSCI Inc told CNBC on Friday.

Nasdaq eyes upside from free e-trades as profit tops expectations

23 Oct 2019

Nasdaq Inc may see its market share of retail stock executions increase as a result of online brokers moving to free trades, the transatlantic exchange operator said on Wednesday after releasing better-than-expected quarterly financial results.

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