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Stock Market & Financial Investment News

News Breaks
June 6, 2014
13:25 EDTNDAQ, ICESEC working on high frequency trading reforms
The SEC is working on several reforms designed to address the issue of high frequency trading, SEC Chair Mary Jo White said, according to the transcript of a speech she gave yesterday provided by the agency. The agency is developing an "anti-disruptive trading rule" that would "apply to active proprietary traders in short time periods when liquidity is most vulnerable and the risk of price disruption caused by aggressive short-term trading strategies is highest," White stated. Additionally, the agency will look to force unregistered active proprietary traders to comply with dealer rules, and eliminate exemptions from FINRA membership for dealers that trade in off-exchange venues., White stated. The agency is also looking to update regulations on firms' use of trading algorithms, the chair said. The SEC will also look to minimize consolidated data latency , White added. The chair said that she had asked the exchanges to develop rule changes that would result in them disclosing how and for what purposes they use each of their data feeds. NASDAQ (NDAQ) and IntercontinentalExchange (ICE) operate major exchanges in the U.S. S
News For NDAQ;ICE From The Last 14 Days
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July 30, 2014
08:23 EDTICE, NDAQSEC may consider rule change, allowing IEX to be exchange, Reuters says
IEX Group, which was described in Michael Lewis' book "Flash Boys" as a place for investors to place buy and sell orders without worrying that they are being "front-run" by high-speed traders, may be aided in its goal of becoming a full-fledged stock exchange as the SEC may revisit rules that require the fastest possible execution of securities trades, said Reuters, citing a person familiar with the SEC's thinking. Publicly traded stock exchange owners include NASDAQ (NDAQ), IntercontinentalExchange (ICE) and BATS Global Markets (BATS). Reference Link
July 28, 2014
06:48 EDTNDAQNASDAQ appoints BNY Mellon to provide U.S. Treasury clearing, custody
BNY Mellon (BK) has been appointed by NASDAQ OMX Clearing (NDAQ) to provide EMIR, or European Market Infrastructure Regulation, compliant clearing and custody services for U.S. Treasuries within the NASDAQ OMX Group's new European clearing business. The new mandate extends BNY Mellon's existing relationship with NASDAQ OMX - it was appointed by the exchange as a cash settlement bank in 2013 - and reinforces BNY Mellon's position as a leading custodial service provider to central counterparties, or CCPs. Both EMIR and the Dodd-Frank legislation in the U.S. mandate the migration of over-the-counter derivatives from bilateral clearance to CCPs.
July 24, 2014
07:04 EDTNDAQNASDAQ lowers 2014 non-GAAP operating expense guidance
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07:02 EDTNDAQNASDAQ reports Q2 EPS 70c, consensus 68c
Reports Q2 revenue $523M, consensus $517.16M. The company said non-transaction based revenues were 74% of total Q2 net revenues, and increased 19% from the prior year quarter.

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