From Facebook to Quants -- The Top Quotes of the Week
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.
Nasdaq Struggling with Aftermath of Facebook IPO
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
Facebooks Debuts on Wall Street
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.
Slow Equity Trading Sinks TMX's Profit
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.
Exchanges Pile in to Tap OTC Clearing Reforms
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
CME Readies Round-the-Clock Grains Trade
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.