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Stock Market & Financial Investment News

News Breaks
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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January 26, 2015
11:39 EDTICE, NDAQNYSE, NASDAQ plan to keep normal hours today, tomorrow, Bloomberg says
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January 20, 2015
09:06 EDTICENYSE completes minority investment in Coinbase
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January 18, 2015
13:06 EDTNDAQNasdaq, JPX agree to milestone market technology deal
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January 16, 2015
07:13 EDTICEIntercontinentalExchange February volatility elevated into Q4 and outlook
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January 15, 2015
07:20 EDTICE, NDAQNASDAQ may enter energy derivatives market, Reuters reports
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