Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

News & Commentary
Content tagged with Exchanges posted in July 2012
Facebook Fiasco Drags UBS Profit Lower
News  |  7/31/2012  | 
UBS blamed its 349 million Swiss franc ($360 million)loss from Facebook's botched U.S. market debut on exchange operator Nasdaq, saying orders for the stock had been entered multiple times due to a systems failure.
High-Frequency Trading Is Costing Investors Billions: Pragma Securities
News  |  7/31/2012  | 
The firm said it reached that conclusion after studying high-volume stocks and discovering they were more difficult - and expensive - to trade.
Momentum Trading Partners Closes Shop, Shops Around
Commentary  |  7/31/2012  | 
The hedge fund brokerage that kept a lid on information leakage stopped trading yesterday and is putting itself on the market. Why? Tough market realities that are claiming other struggling brokerages.
BlackRock Canada Debuts Minimum Volatility ETFs
News  |  7/30/2012  | 
The asset manager says the offering comes in response to investor demand.
The End of An Era: ICE Closes NY Trading Floor
News  |  7/27/2012  | 
The exchange, depicted in the popular 1983 film Trading Places, has a history dating back to the New York Cotton Exchange, which was founded in 1870 and later became the Coffee, Sugar and Cocoa Exchange.
ICE to End New York Floor Trading After 142 Years
News  |  7/27/2012  | 
The 142-year-old tradition of floor-based open-outcry trading at the former New York Cotton Exchange is coming to an end as the last of its contracts -- options on futures tied to agricultural products such as sugar and cocoa -- go exclusively electronic.
TMX Group Profit Hurt by Weakness in Equity Markets
News  |  7/27/2012  | 
TMX Group Inc reported a drop in second-quarter profit on Friday, as weak equity markets hurt trading volumes and dried up the pipeline for new listings and financings just as the Toronto Stock Exchange operator gets set to be acquired by Maple Group.
With Exchange Volumes Down, Lightspeed Turns to ATS
News  |  7/26/2012  | 
In a push to find liquidity amid falling trading volumes on public exchanges, Lightspeed will route orders through the PDQ alternative trading system.
CME Profit Tops Expecations On Lower Tax Bill
News  |  7/26/2012  | 
CME Group Inc, the biggest U.S. futures exchange operator, reported a better-than-expected second-quarter profit on Thursday, driven by a lower tax bill.
Low Trading Volumes at Exchanges Keep Earnings Under Pressure
News  |  7/25/2012  | 
As U.S. exchanges start reporting financial results, expectations are mixed following a quarter in which many investors pulled back from the markets because of an uncertain, sluggish global economy.
Nasdaq Quarterly Profit Boosted by Data Business
News  |  7/25/2012  | 
Nasdaq OMX Group said on Wednesday its profit rose in the second quarter, which was marked by the bungled Facebook IPO, as cost controls and growth in the exchange operator's market data business helped offset a slowdown in trading volumes.
Chilean Broker Taps FIX Flyer for Testing Algos and Connectivity
News  |  7/24/2012  | 
Larrain Vial will rely on FIX Flyer's Ignition Trade Simulation and Certification Tool to test in-house algos and connectivity to a network of LatAm exchanges.
The Danger of Too Much Dark Liquidity
News  |  7/23/2012  | 
Dark pools play a critical role in today's market. But rising dark pool volumes mean wider spreads and higher costs on the lit markets, according to researchers in the U.S. and abroad.
Nasdaq Boosts Facebook Compensation Plan to $62 Million
News  |  7/23/2012  | 
Nasdaq OMX plans to pay out $62 million in cash to firms that lost money in Facebook's bungled IPO, modifying an earlier plan that drew criticism.
As Wall Street Turns: Portware Buys Pipeline Tech Assets
News  |  7/23/2012  | 
In a move that seems too close to the Pipeline soap opera, EMS provider Portware will integrate the predictive analytics that it acquired from the former dark pool, while offering customers a broker-neutral solution to improve trading performance.
Do Traditional Buy-Side Firms Need to Colocate?
News  |  7/20/2012  | 
Wedbush Securites' new low-latency trading platform recently scored a number of long-only buy-side clients. But experts disagree on whether traditional asset managers need such high-speed, and costly, market access.
Singapore Exchange Denies LSE Merger Talks
News  |  7/20/2012  | 
The Singapore Exchange (SGX) denied it was in talks to buy the London Stock Exchange, a sign there is little appetite for more large cross-border deals after several takeover attempts failed.
Knight Capital Considering Legal Action for $35 Billion Facebook IPO Loss
News  |  7/18/2012  | 
Knight Capital is considering legal action to recoup losses from the botched Facebook IPO after its quarterly profit plunged 81 percent.
Canadian Exchange Deal Wins Final Clearance
News  |  7/12/2012  | 
The C$3.8 billion ($3.72 billion) acquisition of Canada's TMX Group cleared its final regulatory hurdles on Wednesday, allowing a financial consortium to take control of all of the country's major securities exchanges and related businesses.
TMX Aims To Acquire Direct Edge Holdings
News  |  7/12/2012  | 
Direct Edge to Offer Free Trades at the Close in Challenge to NYSE and Nasdaq
News  |  7/11/2012  | 
Direct Edge, the No. 4 U.S. stock exchange operator, said it plans to offer free trading at the close of markets, in a direct pricing challenge to the New York Stock Exchange and the Nasdaq.
Nasdaq's Event-Driven Analytics Now Accessible Via NJ Data Center
News  |  7/11/2012  | 
The firm said the move is an upgrade to its machine-readable news offering.
Are the Capital Markets Serving Up Pink Slime?
Commentary  |  7/6/2012  | 
Tabb Group analyst Adam Sussman says with prime cuts of U.S. equity being served to dark pools and internalization engines, investors are left with the pink slime.
NYSE Goes Dark
News  |  7/6/2012  | 
NYSE gets its very own dark pool following approval by the SEC.
S&P Capital IQ Completes Acquisition of CMA
News  |  7/3/2012  | 
The acquisition gives S&P Capital IQ the technology to move into intraday quotes on derivative and other OTC securities.
Facebook IPO Leads SEC to Scrutinize Nasdaq's Systems
Commentary  |  7/2/2012  | 
The watchdog is investigating Nasdaq's computer systems and processes related to the flawed Facebook IPO on May 18, and could demand upgrades from the exchange operator.

Register for Wall Street & Technology Newsletters
Exclusive: Inside the GETCO Execution Services Trading Floor
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.