Author: InvestAdvocate

Investment firms sue exchanges in dispute on improper fee charges

A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year period. The lawsuit, filed in a state court in Illinois, said the exchanges had discovered last year […]

FirstRand eyes Keystone, Mainstreet, dumps Enterprise Bank

The Managing Director and Chief Executive, FirstRand Bank, Mr. Sizwe Nxasana, has said the bank is no longer interested in Enterprise Bank Limited. Reuters quoted the Nxasana as however saying that it was still interested in Keystone Bank Limited and Mainstreet Bank Limited. FirstRand, South Africa’s second-largest bank by value, […]

Index rises by 0.6% as 37 stocks appreciate

The increase in equity trading activities recorded on Monday continued on Wednesday with major indices closing positive. At the close of trading on Wednesday, the Nigerian Stock Exchange’s All-Share Index rose by 0.6 per cent or 213.28 basis points from 37,046.63 points on Tuesday to 37,259.91 points. Similarly, the market […]