Tag: exchanges

London Stock Exchange raises dividend to fend off Nasdaq bid

The London Stock Exchange (LSE) is to raise its dividend by 50 per cent on last year, as it continues to fight off a takeover bid from Nasdaq. The LSE board yesterday dismissed the Nasdaq bid as "wholly inadequate" and as "substantially" undervaluing the Exchange by ignoring its strong strategic position, earnings a

NYSE Group acquires TransactTools

On Tuesday NYSE Group signed a definitive agreement to acquire TransactTools Inc., a provider of enterprise messaging solutions for the securities trading industry. This transaction, coupled with NYSE's acquisition of the American Stock Exchange's one-third ownership stake in the Securities Industry Automation Corp.

AIM rival plus Markets raises another ?25 million

PLUS Markets Group, the rival to AIM, the London Stock Exchange small cap market, has completed a placing that raised ?25 million. The exchange says it will use the proceeds to fund a further expansion of its trading and quotation services. "PLUS Markets Group has evolved rapidly over the last two years," says Simon

LSE confirms rejection of Nasdaq's final offer

The Board of the London Stock Exchange Group plc yesterday published its formal rejection of Nasdaq's final order. The Board rejected the offer because its members felt it substantially undervalued the Exchange. "The transatlantic deal between the New York Stock Exchange and Euronext has meant that Nasdaq is under pr

ISE launches fully displayed stock market

The International Securities Exchange (ISE) announced yesterday that the launch of its fully displayed stock market on Friday, December 8, was successful. The ISE Stock Exchange is a completely automated market place that offers high-speed order execution capabilities, neutral access rules and integrated access to bot

CHX drops manual trading

Last Thursday the Chicago Stock Exchange (CHX) launched its fully automated trading system in which participants can submit orders from any location for immediate display. "This roll-out is the culmination of a multi-year effort to meet the requirements of Reg NMS and satisfy the growing trend towards high velocity al