Lee Underwood

Cutting Ratings Reliance, CDS Probe, FDIC Suit: Compliance

Denmark, which holds the rotating European Union presidency, said it won backing from member states in the 27-member bloc to reduce the dominance of rating companies in financial markets.

Justice Department Probe of Credit Swaps Said to Widen

A U.S. Justice Department antitrust investigation into data provider Markit Group Ltd. is expanding to include other companies in the credit-default swap market, according to three people familiar with the matter.

Justice Department Probe of Credit Swaps Said to Widen

A U.S. Justice Department antitrust investigation into data provider Markit Group Ltd. is expanding to include other companies in the credit-default swap market, according to three people familiar with the matter.

Intercontinental Says SEC Fails to Act on Swaps Clearing

Intercontinental Exchange Inc., owner of the world’s largest credit-default swap clearinghouse, will petition the U.S. Securities and Exchange Commission to allow asset managers to clear trades in the $26.5 trillion market.

ICE Futures Uses Circuit Breaker to Slow Coffee Declines

ICE Futures U.S. today for the first time used a “circuit breaker” to halt trading after a rapid price drop, the exchange said.

ICE Futures Expands CME Rivalry With Plan to Offer Grains

IntercontinentalExchange Inc. plans to offer futures and options in U.S. grains and oilseeds, expanding competition with CME Group Inc., the leader in agriculture products.

CFTC Approves Rule Expanding Access to Swaps Clearinghouses

Swaps clearinghouses will be required to open access to companies with at least $50 million in capital under Dodd-Frank Act rules completed by the U.S. Commodity Futures Trading Commission.

NYSE Is Niederauer Dilemma as Deal Fails

Duncan Niederauer, poised for the past year to become chief executive officer of the world’s biggest exchange company, is back in charge of No. 6.

Deutsche Boerse Deal With NYSE Signals Wave of M&A

The biggest day ever for mergers of securities exchanges triggered rallies in shares of operators from New York to Sydney and Sao Paulo as derivatives overtake stock trading as the drivers of growth.

ICE Canada Wheat-Market Bid Slowed by Grower Fight With Harper on Monopoly

IntercontinentalExchange Inc.’s bid to profit from Canada’s first open markets for wheat and barley in seven decades may be hindered as some farmers seek to retain a monopoly on grain sales.

"During the 30-second hold, trading continued at $1.758 and above in the July contract, and the market traded up following the expiration of the hold."

- Lee Underwood on Apr 25, 2012

New York

Washington

Europe

Justice Department

Malaysian Stocks Rally Most Since 2008, Ringgit Jumps After Poll

Malaysia Government Defeats Anwar to Extend 55-Year Rule

Asian Stocks Outside Japan Rise on U.S. Jobs Growth

Credit Suisse Accuses Goldman Sachs Hire of Secrets Theft

France Declares Austerity Over as Germany Offers Wiggle Room