Anil Ahuja, former Asia head of private-equity firm 3i Group Plc, is seeking to raise $100 million from institutional investors for an India-focused hedge fund, saying buyouts are difficult to achieve in the country.
Nasdaq OMX Group Inc. Chief Executive Officer Robert Greifeld said he’s not engaged in merger talks with London Stock Exchange Group Plc or Euronext NV, the European market operator on the verge of being spun off.
The New York Stock Exchange and a group of money managers are lobbying U.S. securities regulators to abolish the practice of paying rebates to large brokers to attract trades to stock exchanges and other trading platforms, according to three people familiar with the matter.
As European Union lawmakers race to create a bank-failure agency so it can take action outside market hours, they’re battling to streamline a German-backed plan that may need the weekend to last four days.
Faster and less transparent markets pose risks that require more study, according to the Federal Reserve Bank of Chicago, which said high-speed trading may create dangers that aren’t properly appreciated or policed.
Jeff Sprecher, whose purchase of NYSE Euronext made his IntercontinentalExchange Group Inc. the biggest owner of U.S. stock markets, said banning the pricing system that prevails on exchanges would simplify them.
The U.S. Securities and Exchange Commission is poised to name a former executive of Wall Street’s self-regulator as its top overseer of exchanges, brokerages and clearing firms, according to three people familiar with the matter.