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China to relax rules for foreign central banks in interbank market: sources

SHANGHAI (Reuters) - The People's Bank of China (PBOC) is planning to ease restrictions now in place on foreign central banks and financial institutions trading in China's interbank bond market, sources with direct knowledge of the situation told Reuters. The move, if implemented, would mark another incremental opening of China's capital markets, following an announcement on April 10 that Beijing would allow cross-border investment between the Hong Kong and mainland stock exchanges.

New York prosecutor probes high-speed trading: source

By Karen Freifeld and Douwe Miedema (Reuters) - The New York attorney general is probing more than half a dozen high-speed trading firms, a person familiar with the matter said on Wednesday, as part of his wide-ranging probe into alleged unfair technology advantages on Wall Street. Attorney General Eric Schneiderman's office is seeking information on special relationships between exchanges and so-called dark pools, platforms where large trades take place out of sight of the rest of the market.

CME trading outage showed that man can still match the machine

By Cezary Podkul and Tom Polansek NEW YORK/CHICAGO (Reuters) - Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".

European parliament adopts financial markets rules

The European Parliament adopted new rules Tuesday to tighten the regulation of financial markets in order to stop rampant speculation, including on foodstuffs. The European Union's Financial Markets Commissioner Michel Barnier first pushed for the new rules, known as MiFID II, in 2011 at the height of the eurozone debt crisis and in the wake of the global economic meltdown.

Fidelity Investments explores new trading venue

BOSTON (Reuters) - Fidelity Investments is "exploring" the creation of a new trading venue with other asset managers, a spokesman for the Boston company said on Thursday. If created, such a venue would aim to boost fund performance and improve other areas like transparency and liquidity, said Fidelity spokesman Steve Austin in a telephone interview. Other details were not immediately available, he said. (Reporting by Ross Kerber; editing by Richard Valdmanis)

Goldman Sachs may close dark pool Sigma X: WSJ

(Reuters) - Goldman Sachs Group Inc <GS.N> could shut down Sigma X, one of the world's largest private stock-trading venues, the Wall Street Journal reported on Tuesday, citing sources. Executives at the brokerage firm have raised the subject of closing the dark pool trading operation, according to the Journal. (http://r.reuters.com/pyx38v)

Dark markets may be more harmful than high-frequency trading

(This story has been corrected to fix spelling of name to Preece from Pierce in paragraphs 18, 27, and 30.) By John McCrank NEW YORK (Reuters) - Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.

Dark markets may be more harmful than high-frequency trading

By John McCrank NEW YORK (Reuters) - Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.

Exclusive: IEX eyes stock exchange status as firms come knocking

By John McCrank NEW YORK (Reuters) - The upstart stock trading venue featured in Michael Lewis' book "Flash Boys: A Wall Street Revolt," may apply to become a fully registered stock exchange sooner than planned, IEX Group Inc's chief executive said on Friday. "Flash Boys" hit the stands on Monday and unleashed a fierce debate over the fairness of the U.S. stock market, which the book characterized as rigged in favor of high-speed traders who use their advantages to bilk the system for billions.

U.S. probing high-speed trading, attorney general says

By Aruna Viswanatha WASHINGTON (Reuters) - The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday. The disclosure comes the same week that securities regulators and the FBI also confirmed they are looking into potential wrongdoing by high-frequency stock traders.
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