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News & Commentary
Content tagged with Exchanges posted in June 2012
U.S. Exchanges Urge Brazil to Open Bourse Competition
News  |  6/29/2012  | 
U.S. exchanges Direct Edge and BATS Trading on Friday urged Brazilian securities regulators to take bolder steps to open competition in the local bourse industry as they prepare to enter the South American nation's burgeoning financial markets.
Facebook IPO Leads SEC to Scrutinize Nasdaq's Systems
News  |  6/29/2012  | 
The watchdog is investigating Nasdaq's computer systems and processes related to the flawed Facebook IPO on May 18. Will the regulator demand system upgrades?
Wall Street Rallies After EU Agreement to Stabilize Banks
News  |  6/29/2012  | 
Wall Street rallied on Friday, with major indexes trimming quarterly losses, after euro zone leaders agreed to allow rescue funds to be used to stabilize the region's banks.
Nasdaq to Detail Facebook Compensation to SEC Next Week
News  |  6/28/2012  | 
Nasdaq aims to file a plan with the SEC detailing how it will compensate market makers who lost money during the botched trading debut of Facebook.
Nasdaq to Detail Facebook Compensation to SEC Next Week
News  |  6/28/2012  | 
Nasdaq aims to file a plan next week with the U.S. Securities and Exchange Commission detailing how it will compensate market makers who lost money during the botched trading debut of Facebook, according to a person familiar with the matter.
Exchanges Fight Back Against the Dark Pools
Commentary  |  6/27/2012  | 
Facing a dilemma of how to compete with dark pools and internalizers, exchanges are planning their own dark venues to offer better prices to retail investors.
Hong Kong Exchange Renews with Nasdaq OMX's Platform
News  |  6/26/2012  | 
Upgrades derivatives trading system with Nasdaq OMX's Genium-INET platform.
MarketPrizm Unveils Forex Trading Platform: PrizmFX
News  |  6/25/2012  | 
The system features high-speed connectivity and co-location to ECNs and liquidity pools around the world.
Low Latency Hype, Exchanges Go On Crisis Control, Dimon Talks Back, and More
Slideshows  |  6/22/2012  | 
Experts question the ongoing latency race, exchanges focus on crisis control and Dimon faces the House Financial Services Committee. Here is what people are talking about this week.
After Facebook IPO, Exchange Focus Shifts to "Crisis Management"
Commentary  |  6/21/2012  | 
After the Facebook IPO debacle, exchanges on a SIFMA panel said there is a need for better communication and crisis management, calling for a "hotline" when they are in the heat of battle.
Nasdaq Readies Launch of London Derivatives Trading Venue
News  |  6/21/2012  | 
The exchange operator becomes the latest firm to take on the European derivatives trading market, and Tabb Group's Will Rhode says the upstart NLX will appeal to the buy side and regulators alike.
Nasdaq OMX to Launch Interest Rate Derivatives Platform
News  |  6/21/2012  | 
Partnering with LCH.Clearnet, Nasdaq OMX's London-based NLX will offer competitive execution and and clearing fees as well as margin efficiencies, says the exchange operator.
Migdal Stock Exchange Services Joins the SunGard Global Network
News  |  6/19/2012  | 
The brokerage arm of Israeli investment group Migdal Capital Markets and member of the Tel-Aviv Stock Exchange now offers trading services and research on the Israeli markets.
Regulator Seen Conflicted in Nasdaq's Facebook Mess
News  |  6/19/2012  | 
It is not every day that a company bungles something so badly that it has to turn to a regulator for help to clean up its mess. But that is what Nasdaq has done following its blunders in Facebook's $16 billion IPO.
Regulator Viewed As Conflicted in Nasdaq's Facebook Mess
News  |  6/19/2012  | 
Sources say conflicts of interest are inevitable and could lead to questions of fairness, as the Financial Industry Regulatory Authority sorts out the bungled initial public offering.
HK Bourse Buys London Metal Exchange for $2.2B
News  |  6/15/2012  | 
The Hong Kong stock exchange on Friday agreed to pay 1.4 billion pounds ($2.18 billion) to buy the London Metal Exchange (LME), in a deal that gives Asia's largest bourse a much needed entry into a commodity trading platform, and brings LME members closer to China, the world's biggest metals buyer.
Instinet Names New CEO of Instinet Europe
News  |  6/11/2012  | 
Knight Capital Lances Nasdaq's Facebook Fix
Commentary  |  6/8/2012  | 
As Nasdaq scrambles to soothe frayed nerves from its botched Facebook IPO, clients are fuming.
Nasdaq's Facebook IPO Reimbursement Plan Angers RIvals, But It's Also a Clever Move
Commentary  |  6/8/2012  | 
Despite the strong criticism from rival exchanges, one analyst sees it as a clever move to make Nasdaq a more attractive venue.
Regulators Want Trades Tagging System
News  |  6/8/2012  | 
A global system to tag trades in stocks, bonds and derivatives that would help authorities spot risks and market abuse must be in place by March 2013, regulators said.
Nasdaq's $40 Million Offer for Facebook Losses Draws Criticism
News  |  6/7/2012  | 
Nasdaq OMX Group Inc said it will offer $40 million in cash and rebates to clients harmed by its mishandling of Facebook IPO, but rival exchanges say rebate plan is unfair and the compensation amount falls well short of loss claims.
Nasdaq's $40 Mln Offer for Facebook Losses Draws Criticism
News  |  6/7/2012  | 
Nasdaq OMX Group Inc said it will offer $40 million in cash and rebates to clients harmed by its mishandling of Facebook Inc's market debut.
Take a Tour of Liquidnet's Trading Floor
Trading Floors  |  6/7/2012  | 
Liquidnet is a full-service institutional agency brokerage firm whose core mission is to provide block liquidity to like-minded buy side traders.
NYSE Technologies and Xignite to Launch Web-Based Market Data Service
News  |  6/6/2012  | 
Geared to non-latency sensitive clients, the new service will provide access to real-time, historical and reference market data for all NYSE Euronext markets via the Internet.
ICE, HKEx Expected to Raise Offers for LME
News  |  6/6/2012  | 
The two remaining suitors for the London Metal Exchange (LME) will resubmit proposals on Thursday and are likely to raise their bids in the final stages of a contest to buy the world's biggest metals marketplace, sources close to the situation said.
S. Korea's KDB Could Triple IPO Size
News  |  6/5/2012  | 
South Korea's government may sell as much as 30 percent of state-owned KDB Financial Group in a $5 billion initial public offer, three times the amount it originally planned to sell, in defiance of gloomy global markets.


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