Edition:
United Kingdom

John McCrank

U.S. SEC to review stock trading rules in big potential shakeup

09 Mar 2019

NEW YORK The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.

Exclusive: SEC scrutinizes fairness of stock exchange pricing

07 Mar 2019

NEW YORK The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter.

REFILE-EXCLUSIVE-U.S. SEC scrutinizes fairness of stock exchange pricing

07 Mar 2019

NEW YORK, March 7 The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones, according to a person familiar with the matter.

Former Instinet CEO tapped to head new Wall Street-backed exchange

27 Feb 2019

NEW YORK Jonathan Kellner, former chief executive officer of brokerage Instinet, was on Wednesday named CEO of the Members Exchange, a new low-cost electronic bourse being built by a group of financial heavyweights to challenge the New York Stock Exchange and Nasdaq.

Former Instinet CEO tapped to head new Wall Street-backed exchange

27 Feb 2019

NEW YORK, Feb 27 Jonathan Kellner, former chief executive officer of brokerage Instinet, was on Wednesday named CEO of the Members Exchange, a new low-cost electronic bourse being built by a group of financial heavyweights to challenge the New York Stock Exchange and Nasdaq.

Big U.S. exchanges to sue SEC over 'overreaching' fee experiment

16 Feb 2019

NEW YORK The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders.

NYSE-owner ICE warms to new challenger as profits rise

07 Feb 2019

The New York Stock Exchange will not stand in the way of the creation of a new low-cost challenger recently proposed by some of its biggest clients, the head of NYSE-owner Intercontinental Exchange Inc said on Thursday after his company reported higher-than-expected earnings.

Nasdaq bids for Oslo Bors as revenues rise

30 Jan 2019

Nasdaq Inc on Wednesday made a takeover bid for Norway's Oslo Bors, a move that could boost the transatlantic exchange operator's market services, technology and data segments, all of which Nasdaq said boosted fourth-quarter revenues.

IEX slams 'egregious' market data fees at other U.S. exchanges

29 Jan 2019

NEW YORK Stock exchange operator IEX Group on Tuesday challenged rival bourses to better justify the fees they charge brokers for market data, especially compared to the "dramatic, and at times egregious" difference to what it actually costs to produce.

VIX: Wall Street 'fear gauge' - manipulated or maligned?

20 Sep 2018

NEW YORK Cboe Global Markets is taking several steps, including recruiting artificial intelligence, to put to rest concerns that its VIX volatility index was prone to manipulation and that contributed to a blow-up of some complex volatility products in February.

World News