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April 30, 2021

Financial & Commodity Market Operators & Service Providers (NEC) (TRBC level 5)

Exclusive: Brazilian payments network Elo picks banks for IPO – sources

Reuters
SAO PAULO (Reuters) – Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August. FILE PHOTO: A view of the exterior of......

Cboe stock exchange expands into Asia to broaden market data

Reuters
LONDON (Reuters) – Cboe Global Markets Inc said on Thursday it was expanding into Asia by acquiring share trading platforms in Australia and Japan to broaden its footprint in the increasingly competitive sector of financial market data. FILE PHOTO: Chicago Board Options Exchange (CBOE) Global Markets sign hangs at its......

Robinhood confidentially files for U.S. stock market listing- sources

Reuters
March 23 (Reuters) – Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said. It was not immediately clear whether Robinhood......

‘Emperor’ Sassou seeks to extend long rule in Congo Republic

Reuters
BRAZZAVILLE (Reuters) – Congo Republic President Denis Sassou Nguesso looks set to prolong his decades-long rule in an election on Sunday in which he has pledged to revive the flagging economy. President of Congo Republic Denis Sassou Nguesso speaks during a meeting with Russia’s President Vladimir Putin at the Kremlin......

UK will resist EU pressure on banks over clearing: BoE’s Bailey

Reuters
FILE PHOTO: Chief Executive of the Financial Conduct Authority Andrew Bailey speaks at a press conference at the Bank of England in London, Britain February 25, 2019. Kirsty O’Connor/Pool via REUTERS/File Photo LONDON (Reuters) – Britain will resist “very firmly” any European Union attempts to arm-twist banks into shifting trillions......

U.S. post-trade group proposes shortening stock settlement cycle

Reuters
FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo NEW YORK (Reuters) – The main processor for U.S. stock trades said on Wednesday it supports an effort to shorten the settlement cycle for securities......

Thomson Reuters reports higher fourth-quarter revenue

Reuters
NEW YORK (Reuters) – Thomson Reuters Corp reported higher fourth-quarter revenue on Tuesday and said it would start a two-year program that will change it from a holding company to an operating company. The news and information company said revenues rose 2% to $1.62 billion. Writing by Nick Zieminski in......

ByteDance denies in preliminary talks to list TikTok on NYSE – Global Times

Reuters
(Reuters) – TikTok’s parent company ByteDance has denied being in preliminary talks to list the video app on the New York Stock Exchange (NYSE), China’s Global Times newspaper tweeted bit.ly/3u0HKKh on Wednesday. “ByteDance responded Wed that the previous media reports over the company being in preliminary talks to list TikTok......

Robinhood CEO admits communications shortcomings, ahead of House testimony

Reuters
NEW YORK (Reuters) – Robinhood, the trading app popular with young investors, could have better explained why it restricted the buying of heavily shorted stocks caught up in the social media-fueled trading frenzy around GameStop Corp, said the company’s chief executive officer. “No doubt we could have communicated this a......

Amsterdam surpasses London as Europe’s top share trading hub: FT

Reuters
FILE PHOTO: Overview of Amsterdam’s stock exchange interior as Prosus begins trading on the Euronext stock exchange in Amsterdam, Netherlands, September 11, 2019. REUTERS/Piroschka van de Wouw/File Photo (Reuters) – Amsterdam emerged as Europe’s largest share trading centre in January, dislodging London from its historic position as the Netherlands scooped......

Yellen: Too soon to say if new regulations needed to address recent volatility

Reuters
FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday that it is too soon......

UPDATE 1-NYSE-owner ICE posts 17% rise in quarterly profit

Reuters
(Adds revenue, adjusted income) Feb 4 (Reuters) – Intercontinental Exchange, owner of the New York Stock Exchange, reported a 17% rise in fourth-quarter profit on Thursday, helped by the pandemic-induced market volatility and the recent acquisition of mortgage tech firm Ellie Mae. Exchange operators have generally benefitted from market volatility,......

South Korea carmaker Kia’s shares jump 14.5% on Apple EV tie-up report

Reuters
FILE PHOTO: The logo of Kia Motors is seen on a wheel of its Carnival car at the India Auto Expo 2020 in Greater Noida, India, February 5, 2020. REUTERS/Anushree Fadnavis SEOUL (Reuters) – South Korea’s Kia Corp shares surged to their highest in over two decades on Wednesday after......

U.S. House panel announces Feb 18 hearing on GameStop market volatility

Reuters
WASHINGTON, Feb 1 (Reuters) – The U.S. House of Representatives Financial Services Committee will hold a hearing on recent market volatility involving GameStop Corp and other stocks on Feb. 18, the committee said in a statement on Monday. (Reporting by Mohammad Zargham Editing by Chris Reese) Source – For more......

Brace for the unexpected after COVID-19, Refinitiv CEO Craig says

Reuters
A nurse assists a patient suffering from the coronavirus disease (COVID-19) at the Intensive Care Unit at a hospital in Bogor, Indonesia January 26, 2021. REUTERS/Willy Kurniawan LONDON (Reuters) – Refinitiv CEO David Craig said on Tuesday that the COVID-19 pandemic had shown how fragile and complacent the world was......

Stock bubble worries push Chinese investors from home to Hong Kong

Reuters
By Luoyan Liu, Andrew Galbraith SHANGHAI (Reuters) – As China’s blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country’s stock market are prodding some investors to seek bargains in Hong Kong. Retail investors have poured money into stocks via mutual funds, pushing......

London Stock Exchange set to close Refinitiv deal on Jan. 29

Reuters
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo LONDON (Reuters) – London Stock Exchange said on Tuesday that it should complete its $27 billion acquisition of Refinitiv on Jan. 29, as it bulks up into a......

Chinese bargain hunters pile into stocks blacklisted by Trump

Reuters
SHANGHAI (Reuters) – As U.S. investors dump shares in Chinese companies blacklisted by outgoing President Donald Trump, bargain hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban. FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC)......

U.S. SEC says Trump has designated Roisman acting chairman

Reuters
FILE PHOTO: Commissioner Elad Roisman participates in a U.S Securities and Exchange Commission open meeting to propose changing its decades-old definition of an “accredited investor” in order to allow more Americans to buy shares in private companies, in Washington, U.S., December 18, 2019. REUTERS/Erin Scott WASHINGTON (Reuters) – President Donald......

Investors weigh blocked China companies as Sino-U.S. chill deepens

Reuters
SINGAPORE/SHANGHAI/BOSTON (Reuters) – Investors face uncertain rules and could miss out on promising opportunities after index makers cut some blocked Chinese firms from their books, according to money managers and attorneys. People are seen on a pedestrian overpass with an electronic board showing the Dow Jones and S&P 500 indexes,......

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