U.S. Exchanges Urge Brazil to Open Bourse Competition
U.S. exchanges Direct Edge and BATS Trading on Friday urged Brazilian securities regulators to take bolder steps to open competition in the local bourse industry as they prepare to enter the South American nation's burgeoning financial markets.
Nasdaq to Detail Facebook Compensation to SEC Next Week
Nasdaq aims to file a plan
next week with the U.S. Securities and Exchange Commission
detailing how it will compensate market makers who lost money
during the botched trading debut of Facebook, according
to a person familiar with the matter.
Regulator Seen Conflicted in Nasdaq's Facebook Mess
It is not every day that a company bungles something so badly that it has to turn to a regulator for help to clean up its mess. But that is what Nasdaq has done following its blunders in Facebook's $16 billion IPO.
HK Bourse Buys London Metal Exchange for $2.2B
The Hong Kong stock exchange on Friday agreed to pay 1.4 billion pounds ($2.18 billion) to buy the London Metal Exchange (LME), in a deal that gives Asia's largest bourse a much needed entry into a commodity trading platform, and brings LME members closer to China, the world's biggest metals buyer.
Regulators Want Trades Tagging System
A global system to tag trades in stocks, bonds and derivatives that would help authorities spot risks and market abuse must be in place by March 2013, regulators said.
ICE, HKEx Expected to Raise Offers for LME
The two remaining suitors for the
London Metal Exchange (LME) will resubmit proposals on Thursday
and are likely to raise their bids in the final stages of a
contest to buy the world's biggest metals marketplace, sources
close to the situation said.
S. Korea's KDB Could Triple IPO Size
South Korea's government may sell as much as 30 percent of state-owned KDB Financial Group in a $5 billion initial public offer, three times the amount it originally planned to sell, in defiance of gloomy global markets.