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Stock Market & Financial Investment News

News Breaks
March 18, 2014
10:20 EDTICE, NDAQNew York AG calls for new efforts to end high-frequency trading advantages
New York Attorney General Eric Schneiderman called for tougher regulations and market reforms intended to eliminate what he called the unfair advantages commonly provided to high-frequency trading firms at the expense of other investors. Schneiderman detailed a number of services that trading venues offer to high-frequency traders and the damaging impact of those services on the rest of the market. Those services, "which in the hands of predatory high-frequency traders distort our markets," include allowing traders to locate their computer servers within trading venues themselves; providing extra network bandwidth to high-frequency traders; and attaching ultra-fast connection cables and special high-speed switches to their servers, the AG said. Each of these services offers clients a timing advantage often in milliseconds that allows high-frequency traders to make rapid and often risk-free trades before the rest of the market can react, Schneiderman added. To address this imbalance in the markets, which now tilt in favor of high-frequency traders, Attorney General Schneiderman today called on the exchanges and other regulators to review the feasibility of certain market structure reforms that could help eliminate some of the fundamental unfairness in our markets. One detailed proposal would seek to correct this imbalance by processing orders in batches in frequent intervals, to ensure that price not speed is the deciding factor in who obtains a trade. Publicly-traded companies that own exchanges include Nasdaq (NDAQ) and IntercontinentalExchange (ICE), which owns the New York Stock Exchange. Reference Link
News For NDAQ;ICE From The Last 14 Days
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July 30, 2015
15:00 EDTNDAQNASDAQ, Markit are potential suitors for IDC, WSJ reports
Nasdaq (NDAQ) and Markit (MRKT), in addition to some private equity firms, are potential bidders for financial data provider Interactive Data Corp., says the Wall Street Journal. A deal for IDC, which is pursuing a possible sale or IPO, could value the company at over $5B, including debt, added the Wall Street Journal. Reference Link
14:43 EDTNDAQNASDAQ, Markit have expressed interest in IDC, WSJ reports
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July 29, 2015
07:25 EDTICEHouse Agriculture Committee to hold a hearing
The Committee holds a hearing entitled, "Dodd-Frank Turns 5: Assessing the Progress of Global Derivatives Reforms" with Executive Chairman & CEO Duffy of CME Group and SVP Edmonds of Intercontinental Exchange on July 29 at 10 am. Webcast Link
July 23, 2015
08:38 EDTNDAQNASDAQ says valuations in deal market 'frothy'
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08:16 EDTNDAQNASDAQ backs FY15 operating expense view of $1.085B-$1.11B
08:15 EDTNDAQNASDAQ says U.S. IPO win rate was 70% for Q2
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08:12 EDTNDAQNASDAQ CEO says NFX to begin trading tomorrow
Greifeld said, "As we move into the second half of 2015, we look forward to continuing our strong performance in foundational equity listings and trading businesses, working to accelerate growth through product enhancements and other initiatives, and to launching NFX, a broad-based partnership with leading market participants to bring more significant choice to the energy derivatives market." NASDAQ CEO Bob Greifeld made the comments in the company's press release and during its Q2 earnings conference call.
07:07 EDTNDAQNASDAQ reports Q2 EPS 83c, consensus 80c
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06:47 EDTNDAQ, ICENasdaq, NYSE plan deal for closing auction back ups, WSJ reports
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