IntercontinentalExchange Group Inc. remains committed to spinning off its European equity market division, Euronext, through an initial public offering, according to Chief Executive Officer Jeff Sprecher.
IntercontinentalExchange Group Inc. agreed to buy Singapore Mercantile Exchange Pte for $150 million to add commodity futures trading in Asia, where China reigns as the biggest user of everything from energy to metals.
The vice chairman and the chief executive officer of MCX Stock Exchange Ltd., an Indian equity market that opened eight months ago, quit from the board amid a probe of trading practices at a related commodities bourse.
Financial Technologies (India) Ltd., which controls the nation’s biggest commodity futures exchange, lost more than half of its value after a subsidiary that runs a spot bourse suspended trading in some contracts.
A payment crisis at a spot commodity bourse backed by the founder of India’s newest stock market has prompted two of the nation’s biggest money managers to dump shares of his Multi Commodity Exchange of India Ltd.
Indian brokers said a lack of oversight allowed the nation’s biggest spot commodity exchange to stretch settlement dates, prompting a government clampdown that sparked a two-day, 73 percent crash in its parent’s shares.