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High frequency trading and dark pools are the biggest issues of contention
in the Australian Securities and Investment Commission's extended
consultation process on market integrity rules, according to...
Using Proprietary Trading Software, Bit Capital Arbitrage, Inc. Remained
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of Funds Lost Money in 2011, Bit Capital Arbitrage, Inc. Investors...
By Alejandra Cancino
Raises dividend, adds new dividend as huge tax benefit boosts quarter
Chicago-based CME Group Inc.'s fourth quarter profit nearly tripled thanks
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By Matthew Leising
CME Group Inc. (CME), owner of the world's largest futures market, said
fourth-quarter profit rose because of an Illinois tax benefit.
Net income climbed to $746 million, or $11.25...
By Silla Brush
Jan. 31 (Bloomberg) -- The U.S. Commodity Futures Trading Commission is
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ICAP TAPS MF GLOBAL TEAM TO LAUNCH AUSSIE COMMODITIES
By Luke Jeffs
LONDON, Feb 6 (Reuters) - British broker ICAP has hired a three-strong team of brokers from defunct trading firm MF Global to tap growing demand for agricultural products and soft commodities in Australia, a market with significant growth potential.
ICAP, the largest broker in the over-the-counter markets, said on Monday the recruitment of the team led by Gary Booth marked its first foray into these products in Australia, where it already has 300 staff.
The London-based broker said while it already traded agricultural products, such as cotton, milk and corn, in North America, Brazil and Europe, the latest hires underlined its commitment to Asia, a growth area for the group.
ICAP, which matches buyers and sellers of bonds, currency and swaps, hired some 30 financial futures and options brokers from MF Global in November, weeks after the company went bust.
MF Global, a futures broker, filed for bankruptcy on Oct. 31 after revealing it had made a bad $6.3 billion bet on European sovereign debt.
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