Bats Global Markets, Inc. Announces Pricing of Its Initial Public Offering
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Bats Global Markets, Inc. Announces Pricing of Its Initial Public Offering
Bats Global Markets, Inc. (“Bats”), a leading global operator of exchanges and services for financial markets, today announced the pricing of its initial public offering at a price to the public of $19.00 per share. The size of the offering has been increased from the initially announced 11,200,000 shares of common stock to 13,300,000 shares of common stock.
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Exchange Operator Bats Global’s IPO Said to Be Oversubscribed
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Exchange Operator Bats Global’s IPO Said to Be Oversubscribed – Bloomberg
Exchange operator Bats Global Markets Inc.’s initial public offering is oversubscribed, three days before the sale is due to price, according to people familiar with the matter.
ESMA Publishes Responses to the Discussion Paper Benchmarks Regulation
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ESMA Publishes Responses to the Discussion Paper Benchmarks Regulation
The European Securities and Markets Authority (ESMA) has published the responses received to the Discussion Paper Benchmarks Regulation.
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China Foreign Exchange Reserves Rise for First Time in Five Months
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China Foreign Exchange Reserves Rise for First Time in Five Months – Bloomberg
China’s foreign-exchange reserves unexpectedly increased in March after capital outflow pressure eased as the nation’s currency steadied.
FXPA Chair Lowry, Vice Chair Sigelbaum Speaking at Forex Network London
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FXPA Chair Lowry, Vice Chair Sigelbaum Speaking at Forex Network London
Chip Lowry, chairman, and Jill Sigelbaum, vice chair, of the Foreign Exchange Professionals Association (FXPA) will be speaking at Profit & Loss Forex Network London next Thursday, April 14. Lowry will discuss the FX trade association’s mission and activities to date, as well as take a look at a number of developing and ongoing trends in the market during a one-on-one interview with David Clark, chairman of the Wholesale Markets Brokers’ Association (WMBA).
FXPA Calls for FX Exemption from Funds’ Use of SEC Derivatives Rules
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FXPA Calls for FX Exemption from SEC Derivatives Rules
The Foreign Exchange Professionals Association (FXPA) has submitted comments to the Securities and Exchange Commission (SEC) on its proposed rules governing the “Use of Derivatives by Registered Investment Companies and Business Development Companies”, calling for an exemption for FX swaps and forwards.
China Premier Says Govt Will Cut Taxes, Streamline Administration, Keep Yuan Stable
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China Premier Says Govt Will Cut Taxes, Streamline Administration, Keep Yuan Stable – Reuters
Chinese Premier Li Keqiang said on Thursday that the government would move to ease tax and paperwork burdens on companies, but added that the country is inexperienced in implementing such reforms and there would be challenges.
Two Fed Officials Point to Possibility of April Rate Hike
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Two Fed Officials Point to Possibility of April Rate Hike – Bloomberg
Two Federal Reserve officials said interest-rate increases may be warranted as soon as the central bank’s meeting next month, citing solid readings on the U.S. economy despite headwinds from abroad.
Asia Stocks, Oil Jump as Dollar Sags After Fed
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Asia Stocks, Oil Jump as Dollar Sags After Fed – Reuters
Asian shares edged higher on Friday, oil touched a 2016 high and the U.S. dollar weakened as investors turned more positive on riskier assets after the Federal Reserve’s cautious stance on further interest rate increases.
Britain’s Fraud Office Drops Forex Market Investigation
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Britain’s Fraud Office Drops Forex Market Investigation – Reuters
Britain’s fraud watchdog has ended an investigation into possible foreign exchange market rigging, saying it did not have enough evidence to secure convictions, in a further setback to its efforts to prosecute wrongdoers in financial markets.