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News & Commentary
Content tagged with Exchanges posted in November 2012
Insider Trading Investigation Reaches A New Stage
Commentary  |  11/30/2012  | 
Speculation intensified that federal prosecutors are looking at SAC Capital Advisers' owner Steven Cohen, but the government doesn't have enough evidence, a lawyer told American Public Media's Marketplace..
A Toast to Mary and 10 Suggestions for the New SEC Commissioner
Commentary  |  11/29/2012  | 
Mary Schapiro's efforts to clean up our marketplace are her legacy.
Regulatory Action On Dark Pools Must Be Part of Market Structure Debate
Commentary  |  11/28/2012  | 
With an Increasing Number of Securities Now Trading in Excess of 40% Volume Off-Exchange, Industry Discussions on Dark Trading Must Include Quality and Efficiency of Lit Markets.
CME Says No Plans to Shut Grains Floor Trading
News  |  11/28/2012  | 
The CME Group, the biggest operator of U.S. futures exchanges, has no plans to shut open-outcry trading pits but will not change new price settlement rules for grains despite a lawsuit by a group of traders, its CEO said on Wednesday.

Intrade Cuts Out US Customers After Regulatory Suit
News  |  11/27/2012  | 
Prediction market Intrade, which allows spectators to bet on subjects ranging from entertainment to elections, said on Monday it will no longer accept U.S. customers because of what it called legal and regulatory pressures.

Fidessa Teams With Thomson Reuters on Buy-Side Liquidity Sourcing
News  |  11/26/2012  | 
The firm says the Autex platform opens up access to sources of block liquidity, helping the buy side navigate a highly fragmented marketplace.
HFT Now Jolting U.S. Grain Trade
News  |  11/20/2012  | 
The U.S. grain industry says high speed computerized traders are disrupting their markets.
SEC Expands Probe Into Whether Exchanges Favor HFT
News  |  11/20/2012  | 
The heightened regulatory scrutiny comes on the heels of a series of major technical glitches at capital markets firms that have damaged investor confidence.
Mini-Flash Crashes Continue To Fly Under The Radar
News  |  11/19/2012  | 
For no particular reason, events known as mini-flash crashes routinely happen in equities, as fat finger errors and faulty algos interact with HFT firms in the electronic market infrastructure.
Dark Trading Benefits Stocks Until 50 Percent Threshold— Study
News  |  11/19/2012  | 
A study conducted by CFA Institute of undisplayed trading in dark pools and via broker-dealer internalization found that market quality deteriorates once more than 50 percent of stock's volume is traded in the dark.
DTCC Finds 1.3 Mln Soaked Securities in Sandy-Flooded NY Vault
News  |  11/15/2012  | 
The Depository Trust & Clearing Corp., which processes financial transactions and stores securities, has begun the long process of recovering about 1.3 million soaked securities that were stored in a 10,000-square-foot underground vault in a lower Manhattan skyscraper flooded by Superstorm Sandy.

Glitch Prevents Trade In Over 200 Stocks On The NYSE
News  |  11/14/2012  | 
NYSE Euronext suspended trading in over 200 stocks on the New York Stock Exchange on Monday due to a technical problem with a server, although the stocks in question continued trading on other markets.

Debate Over Market Data Fees to Resurface in Court Case
News  |  11/13/2012  | 
Lawyers representing a group of brokers, bankers and money managers, along with tech giants, will deliver closing arguments today in a court case fighting new market data fees charged by stock exchanges.
CME Lawsuit opens New Front Against Finance Watchdogs
News  |  11/9/2012  | 
A lawsuit by U.S. exchange operator CME Group added to a groundswell of legal challenges facing regulators rewriting global financial rules, potentially opening up a new front in the fight over the reforms.

SEC Left Computers Vulnerable to Cyber Attacks
News  |  11/9/2012  | 
Staffers at the U.S. Securities and Exchange Commission failed to encrypt some of their computers containing highly sensitive information from stock exchanges, leaving the data vulnerable to cyber attacks, according to people familiar with the matter.

Wall St Ends Storm-Shortened Week With Selloff
News  |  11/2/2012  | 
U.S. stocks ended an unusual storm-shortened trading week with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report.

Broker Says Nasdaq Caused Excessive Quote Spam in Several Stocks
Commentary  |  11/2/2012  | 
Nasdaq rebuts charge from Themis Trading that its new pricing programs led to quote spamming.
Stocks Climb as Improved Oct Hiring Boosts Economy Hopes
News  |  11/2/2012  | 
The S&P 500 climbed in early trading Friday as U.S. employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lackluster economy.

ITG's POSIT Match Takes Aim at Fragmentation, Liquidity
News  |  11/1/2012  | 
The firm says its latest offering looks to solve the problem of temporal fragmentation and expensive liquidity at an important time in the trading day.
CBOE to Soon Offer New Discounts for High-Volume Traders: CEO
News  |  11/1/2012  | 
CBOE Holdings Inc will soon offer a new set of fee discounts to its most active traders to head off a recent decline in market share for single-stock options, its chief executive said on Thursday.

Wall St Rallies After Labor Market Data
News  |  11/1/2012  | 
U.S. stocks rallied in morning trading on Thursday after a pair of positive signs about the labor market pointed to improving conditions a day before the U.S. nonfarm payroll report.

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