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Exchanges Plan to Resume Trading Wednesday
As New York struggles to recover from a historic storm, the nation's stock exchanges plan to reopen on Wednesday.
NYSE Set To Reopen on Wednesday After Historic Battle of Wills
As Hurricane Sandy barreled towards the East Coast on Sunday night, NYSE Euronext was locked in a battle of wills with trading firms over whether to open at all on Monday.
NYSE to Test New Plan; Trading Floor Undamaged by Storm
NYSE Euronext said it plans to
test a new contingency plan to help resume stalled U.S. equity
trading, and added that its famed trading floor is not yet
damaged by Sandy, one of the biggest storms to hit the United
States.
NYSE to Test New Plan; Trading Floor Undamaged by Storm
NYSE Euronext said it plans to
test a new contingency plan to help resume stalled U.S. equity
trading, and added that its famed trading floor is not yet
damaged by Sandy, one of the biggest storms to hit the United
States.
NYMEX Floor Trading Suspended Due to Sandy, Electronic Trade Open
The CME said it will
suspend floor trading on Monday at its NYMEX world headquarters
because of mandatory evacuation by the city of New York ahead of
Hurricane Sandy but the move is unlikely to affect trade as
higher-volume electronic dealing will operate normally.
Wall Street Shuts Down as Sandy Approaches U.S. Coast
Hurricane Sandy, the monster
storm bearing down on the U.S. East Coast, strengthened on
Monday after hundreds of thousands moved to higher ground,
public transport shut down and the U.S. stock market suffered
its first weather-related closure in 27 years.
FACTBOX: Wall Street's Plans for Hurricane Sandy
Wall Street firms were set to open with limited staffing on Monday, as stock markets remain closed ahead of Hurricane Sandy's approach and many traders in other markets as well as other financial professionals worked from home.
Can Brokers Level the Playing Field As Exchange Operators?
Credit Suisse reportedly has a plan to turn one of its trading venues into a stock exchange, which points to a budding rivalry between brokers and for-profit exchanges.
Weak Trading Volumes Sink Nasdaq's Net Income
Nasdaq OMX Group's third-quarter
profit fell 18 percent, due in part to a drop in trading volumes
in U.S. and Nordic equities, the exchange operator said on
Wednesday.
Latest PDQ Trading Algorithms Take Aim at Costs, Speed
In a low volume equity trading environment, PDQ says its new algos will help retail and institutional investors cut costs and speed up their executions.
BlackRock Profit Climbs on ETF Gains
BlackRock Inc, the world's
largest money manager, said third-quarter profit rose 8 percent
as investors poured cash into its iShares line of
exchange-traded funds.
GETCO Expands Algorithmic Trading Tools For Institutional Investors
The firm said its GETAlpha algorithmic trading tools now include six new strategies.
Déjà Vu for the Market as the Black Monday Crash of '87 Turns 25
There are several parallels between how participants responded to major market crashes in 1987 and 2008, including calls for more transparency, and a significant reshaping of market structure.
NYSE Euronext to Launch European Retail Service
NYSE Euronext, the
transatlantic exchange group, plans to launch a European trading
platform early next year designed to boost volumes from small
investors by offering them better prices, according to sources
close to the firm.
Fund Firms Wary of Introducing New ETFs
Fund companies are growing more
wary of introducing new exchange-traded funds, and more willing
to kill those that have not caught on, as they grapple with a
price war in an overcrowded $1.2 trillion market dominated by
the three largest providers.
Can Industry Collaboration on a Kill Switch at the Exchange Level Help Prevent Technology Glitches?
At the Securities and Exchange Commission roundtable, industry experts discussed the need for developing and testing large scale deployments to prevent electronic trading errors, but they also suggested designing a kill switch may be the best method for preventing another mishap.
Hedge Funds Cut Trading Desk Budgets —Study
With a prolonged slump in trading activity, 44 percent of hedge funds responding to a Greenwich Research study said 2012 trading desk budgets were reduced from 2011.
Exclusive: Inside the GETCO Execution Services Trading Floor
Advanced Trading takes you on an exclusive tour of the New York trading floor of GETCO Execution Services, the solutions arm of GETCO.
Facebook Tech Glitch IPO Lawsuits to be Heard in New York
Dozens of lawsuits against Facebook, NASDAQ and various underwriters will be centralized before a federal judge in New York.
Trading Glitch Hits Nasdaq And Other Exchanges Again
A number of exchanges, including Nasdaq, are at the center of another trading error.
Another Dark Pool Scandal Erupts Over Information Sharing
The SEC's settlement with dark pool operator eBX over charges that Level ATS shared confidential client information with a third-party technology provider, raises trust issues for money managers.
SEC Fines Boston-Based Dark Pool For Not Protecting User Info
The regulator said eBX LLC improperly shared its subscribers' unexecuted orders with an outside technology firm.
To Survive, Derivatives Market Must Change Dramatically: Report
Tabb Group's Adam Sussman says the derivatives market has to change more than what's being required under the new regulations.
Citi Launches New Dark Pool Defying Latency Race
The bank launched Citi Cross, which it says is the first dark pool to offer buy and sell-side clients a more equitable allocation, not based on their queue position.
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