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March 18, 2014
10:20 EDTNDAQ, ICENew 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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October 2, 2015
06:25 EDTICENYSE 'prepared' for possibility of hurricane hitting East Coast, Reuters reports
NYSE says it is "prepared" for the possibility of Hurricane Joaquin hitting the U.S. East Coast, Reuters reports. The exchange operator says it will invoke disaster recovery procedures "if necessary" in order to maintain functions for trading and operations. Hurricane Joaquin strengthened into a Category 4 hurricane on Thursday, according to the U.S. National Hurricane Center. Reference Link
October 1, 2015
08:00 EDTNDAQSecurity Traders Association to hold a conference
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September 30, 2015
18:36 EDTICE, NDAQBATS to pay companies to list exchange-traded funds, WSJ says
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September 23, 2015
10:44 EDTNDAQChinese Internet stock pullback a buying opportunity, CLSA says
Shares of multiple Chinese Internet companies are down again in morning trading amid more weak economic data from the Asian nation. However, research firm CLSA released a note making favorable comments and evaluations of several of the country's largest Internet players amid the economic slowdown. LITTLE IMPACT FROM SLOWDOWN: After 25 Chinese Internet and telecom companies attended CLSA's Investors' Forum, analyst Elinor Leung stated that Internet companies in China reported that they have been little affected by growing weakness in the nation's economy. Leung said that such companies have attributed their successful performance to a high savings rate, which increases consumer spending power, as well as gains in offline market share. Additionally, companies already listed may benefit from a weak A-share market in China, since smaller companies do not have access to financing and the slow market speeds up consolidation, Leung noted. RATINGS CHANGES: CLSA upgraded online travel service provider Ctrip (CTRP) to Buy from Outperform and maintained an $85 price target on its shares, while also raising its rating on Baidu (BIDU) two notches, to Buy from Underperform. Leung, who lowered Baidu's price target to $180 from $225, said the firm's top sector picks in the country are (JD), Alibaba (BABA), Tencent (TCEHY), and Ctrip. The analyst added that Tencent and Ctrip shares are the "most defensive" stocks, while JD and Alibaba could rebound even more after sentiment improves. WHAT'S NOTABLE: Last Thursday, TechInAsia reported that Baidu chief executive officer Robin Li said that the company was weighing the idea of delisting from the Nasdaq (NDAQ) and re-listing on the A-shares market in China. TechInAsia later added that a spokesperson from the Chinese internet giant "downplayed" the potential move, saying that Li's comments referred to an "unlikely hypothetical situation" in which U.S. investors don't recognize the importance of the online-to-offline market. PRICE ACTION: In morning trading, Baidu shares fell 1.4% to $134.21, Ctrip shares were flat near $66.64, shares slid 2% to $25.04 and Alibaba shares declined 2% to $60.69.
September 22, 2015
07:34 EDTICEDenver Gold Group to hold a forum
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07:30 EDTNDAQNASDAQ management to meet with Deutsche Bank
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September 21, 2015
09:03 EDTNDAQAuthentidate announces receipt of favorable NASDAQ listing determination
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