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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CME Group to Close New York Trading Floor at Year-End
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CME Group to Close New York Trading Floor at Year-End
As declining open outcry options volume on CME Group’s New York trading floor now represents just 0.3 percent of the company’s overall energy and metals trading volumes, CME Group will close its New York trading floor at year-end, subject to CFTC review.
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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).
Wall Street Banks Have Basel’s Ear in Pushback on Market Risk
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Wall Street Banks Have Basel’s Ear in Pushback on Market Risk – Bloomberg
Wall Street is used to getting the opportunity to influence bank rules before they are unveiled. Now financial firms are getting the chance to argue that a key capital requirement should be softened even after it was supposed to be finished.
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.
U.S. Judge Rejects 14 Banks’ Bid to Throw Out Rate-Rigging Lawsuit
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U.S. Judge Rejects 14 Banks’ Bid to Throw Out Rate-Rigging Lawsuit – Reuters
A federal judge in Manhattan on Monday rejected an effort by 14 of the world’s biggest banks to throw out a private lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.
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.