ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NDAQ Stock Price » NDAQ Stock News

Nasdaq Stock Market Share News

 The Nasdaq Omx Grp. (mm) Stock Price
NDAQ Stock Price
 The Nasdaq Omx Grp. (mm) Stock Chart
NDAQ Stock Chart
 The Nasdaq Omx Grp. (mm) Stock News
NDAQ Stock News
 The Nasdaq Omx Grp. (mm) Company Information
NDAQ Company Information
 The Nasdaq Omx Grp. (mm) Stock Trades
NDAQ Stock Trades

CME Executives Defend Actions Following MF Global Collapse

By Howard Packowitz Of DOW JONES NEWSWIRES CHICAGO -(Dow Jones)- Leaders of exchange operator CME Group Inc. (CME) said on Wednesday that they acted properly and in accordance with bankruptcy laws following the collapse of brokerage firm MF Global (MFGLQ). "All of the information has yet to come out," said CME Executive Chairman Terry Duffy, responding to questions at CME's annual shareholder meeting. MF Global customers are said to be missing some $1.6 billion that could not be accounted for as the brokerage collapsed. A review by an outside firm of CME's actions "came out fine," said the company's new chief executive, Phupinder Gill, who took over for the retiring Craig Donohue on May 1. Nothing more could have been done to speed up the process or make it go more smoothly, said Gill. He noted that CME's hands were tied by bankruptcy laws. Duffy told shareholders he saw staffers work "around the clock" to place clients with new clearing firms. Duffy said CME's clearing house did its job during the crisis, even though MF Global was considered a "firm of good standing" leading up to its bankruptcy. Earlier, about a dozen people halted the shareholders' meeting for about 15 minutes, demanding the exchange operator return the tax breaks it's receiving as an incentive to keep its headquarters in Illinois. They shouted, "Pay your fair share," as security personnel escorted them out of the room. Outside the building, about 100 protesters assembled, yelling "We are the 99%." -By Howard Packowitz, Dow Jones Newswires; (312) 750-4132; howard.packowitz@dowjones.com

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
09/05/201406:06:08China Stocks Link Offers Market-Tech Firms Opportunity
09/03/201412:35:55Tech Declines Cut Into U.S. Stock Market Gains
07/24/201409:45:55U.S. Hot Stocks: Hot Stocks to Watch
07/14/201418:41:07Correction to U.S. Stocks Story
07/14/201418:40:35U.S. Stocks End Up on Citigroup Earnings
07/03/201409:14:08Stock Futures Fall on Jobs Report
06/16/201409:22:37Stock Futures Lower on Iraq Concerns
06/11/201408:47:32U.S. Stocks Set to Open Lower
06/10/201416:36:50U.S. Stocks Edge Lower
06/06/201408:47:48Stock Futures Gain Ground Ahead Of Jobs Data
06/04/201418:00:13U.S. Stocks Edge Higher After Data
06/04/201417:32:09Stock Futures Inch Lower Ahead of Data
06/03/201408:42:14U.S. Stock Futures Edge Lower
05/30/201417:06:37Stock Futures Edge Lower Ahead of Data
05/29/201411:29:06U.S. Stocks Maintain Gains
05/20/201408:50:07Stock Futures Steady After Two Sessions of Gains
05/16/201409:15:38Stock Futures Pare Losses After Housing Data
05/15/201407:30:03NASDAQ OMX Launches Currency Trade Monitoring Tool
05/13/201409:18:16Stock Futures Pare Gains After Retail-Sales Data
05/12/201414:56:28Correction to Dow/S&P Market Stories

Nasdaq Stock Market and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad