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News & Commentary
Content tagged with Exchanges posted in May 2012
Can Brokers Evolve to Avoid Extinction?
Commentary  |  5/30/2012  | 
In a "A Night At The Museum" Fidessa's Steve Grob explores how brokers must adapt to keep the Buy Side up and running.
Facebook's Market Maker Losses to top $115 Million
News  |  5/29/2012  | 
Four of Wall Street's major banks involved in Facebook's botched IPO expect their losses from technical glitches on Nasdaq's exchange to be around $115 million.
NYSE Euronext Opens Liquidity Center to Third-Party Service Providers
News  |  5/25/2012  | 
The move is a response to customers’ requests for lower costs for a range of market services, including colocation.
CME Declares Stock Split to Attract New Investors
News  |  5/25/2012  | 
U.S. exchange operator CME Group , battling to shore up trading volumes amid new competition, on Thursday declared a five-for-one split of its common stock in a bid to attract to new investors.
From Facebook to Quants -- The Top Quotes of the Week
Slideshows  |  5/25/2012  | 
It wasn't all Facebook, Facebook, Facebook this week, although you could be excused for thinking that this was all anyone was talking about. Along with a badly bungled IPO, we found scintillating quotes about insider trading, quants vs. humans and a passionate defense of private equity from an unlikely source in a presidential election year. Enjoy AT's Top Quotes of the week -- and remember to have some fun this Memorial Day Weekend.
Facebook: The Strangest IPO of All Time?
News  |  5/24/2012  | 
Technology glitches, insane valuations, secret disclosures and high-frequency trading have all played a part in the Facebook IPO soap opera.
Fidelity Works to Calm Customers' Facebook Concerns
News  |  5/24/2012  | 
Nearly a week after the initial public offering of Facebook, Fidelity Investments signaled it is still dealing with customer confusion over whether they actually own shares in the social media company.
Nasdaq: Looking Back In Dismay at Facebook IPO
News  |  5/23/2012  | 
Had we known then what we know now, we would have delayed the IPO, a senior exec says.
Nasdaq Struggling with Aftermath of Facebook IPO
News  |  5/22/2012  | 
Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image.
Nasdaq Expected to Struggle With Aftermath of Facebook IPO
News  |  5/22/2012  | 
Nasdaq OMX faces short-term costs from its botched handling of Facebook shares on their first day of trading but the longer term repercussions could be more expensive as it struggles to restore its image.
Clearing as a Catalyst: FX Forwards, NDFs and FX Swaps Join the Modern Age
Commentary  |  5/21/2012  | 
The more-robust capturing, reporting and clearing of FX forwards, NDFs and swaps should be counted as one of the more positive aspects created by the Dodd-Frank process, says Tabb Group CEO Larry Tabb.
Streamlining the Program Execution Path Is the Shortest Distance to Faster Trades
Commentary  |  5/21/2012  | 
While capital markets firms obsess over their proximity to exchange matching engines in order to reduce latency, reducing the program execution path may be a better way to slash milliseconds off of executions.
Facebook's IPO Fail: What Went Wrong on the Nasdaq
Commentary  |  5/21/2012  | 
As Nasdaq deals with the fallout of Facebook's IPO flop, Bloomberg's Matt Miller tried to get some answers from Cuttone & Company's Keith Bliss
Wall Street’s 9 Worst Bets Ever: From Nick Leeson to JPMorgan
Slideshows  |  5/21/2012  | 
In the wake of JPMorgan’s ill-conceived hedging strategy, which cost the bank its sterling reputation along with $2 billion and counting, Advanced Trading decided to highlight some of Wall Street’s worst bets ever.
Nasdaq Swoons on Facebook Open
News  |  5/18/2012  | 
The exchange-operator had to postpone the listing of the social media giant for half an hour this morning.
Facebooks Debuts on Wall Street
News  |  5/18/2012  | 
Investors are bracing for Facebook's Wall Street debut on Friday after the pioneering online social network raised about $16 billion in one of the biggest initial public offerings in US history.
Nasdaq Data Center Launches Express Connect for Co-Location Clients
News  |  5/17/2012  | 
The network solution will offer customers low latency connections from a single liquidity hub.
Slow Equity Trading Sinks TMX's Profit
News  |  5/11/2012  | 
TMX Group, operator of the Toronto Stock Exchange and target of a $3.8 billion proposed takeover, reported a steeper-than-expected drop in quarterly profit on Friday as a rocky global economic recovery held back equity trading and financing revenue.
Is the End of Single-Stock Circuit Breakers Near?
News  |  5/10/2012  | 
The SEC's forthcoming 'limit up, limit down' provision could be a better way of dealing with erroneous trades and runaway markets. By Kerry Massaro Bowbliss
Pennies Add Up When Brokers Choose Wrong Exchange
News  |  5/7/2012  | 
Order routing costs investors an estimated $4.5 billion a year, which is why a big concern in these days of high-speed electronic markets is the money lost in trade execution.
Flash Crash Anniversary Sees More Oversight
Commentary  |  5/7/2012  | 
Since the market's loss of nearly 1,000 points two years ago, circuit breakers have been activated with greater frequency.
Wall St Week Ahead: European Elections Add to Selling Pressure
News  |  5/7/2012  | 
After Wall Street's worst week of the year, U.S. stocks are facing more selling after elections in Europe swept aside leaders that had pursued strict budgetary reforms in the euro zone largely favored by investors.
Nasdaq OMX Plans to Launch New Retail Options Market
News  |  5/4/2012  | 
Nasdaq OMX will launch BX Options in June with a new trading platform aimed at retail customer orders, boosting the number of options patforms it offers to three.
Nasdaq Beefs up Risk, Compliance Offering With BWise Purchase
News  |  5/3/2012  | 
The firm said BWise will complement its market surveillance system SMARTS, which is being deployed by broker-dealers, regulators and exchanges across the globe.
Exchanges Pile in to Tap OTC Clearing Reforms
News  |  5/3/2012  | 
The world's largest financial exchanges are piling in to clear complex products that mostly bypassed their markets, as rule changes open up a welcome new source of revenue that will offset obstinate weakness in their core business.
ICE Profits Rise With OTC Energy Volume Growth
News  |  5/2/2012  | 
IntercontinentalExchange Inc reported a 15 percent rise in quarterly profit on Wednesday, driven primarily by trading volume growth in the company's energy over-the-counter markets.
CME Readies Round-the-Clock Grains Trade
News  |  5/1/2012  | 
CME Group will extend electronic trading hours for its hallmark grain contracts, as the exchange moves to defend its turf against rival ICE's bid for nearly round-the-clock transactions.
BATS Europe Completes Tech Migration of Chi-Ex
News  |  5/1/2012  | 
The pan-European equity markets operator completed the migration of Chi-X Europe's order books over to the BATS Europe technology, recording 24 percent market share yesterday.

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