New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 26, 2009
06:03 EDTNDAQ, DWA, NYXNasdaq pulls for listing switches-WSJ
The Wall Street Journal reports that Nasdaq Stock Market (NDAQ) is gaining ground in the war for stock-exchange listings. In 2008, Nasdaq attracted companies with $80B of market capitalization to switch from NYSE Euronext's (NYX) New York Stock Exchange, which stole Nasdaq-listed companies with just $8B in market value last year. Nasdaq is using new tactics like advertising perks and "market intelligence" services to steal companies that include DreamWorks Animation SKG (DWA) from the NYSE. Reference Link
News For NDAQ;NYX;DWA From The Last 14 Days
Check below for free stories on NDAQ;NYX;DWA the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 15, 2014
07:28 EDTNDAQSEC officials weighing curbs on trading fees, WSJ says
SEC officials, including some commissioners, are considering a trial program to curb "maker-taker" fee plans that are a major source of revenue for exchanges and some high-frequency trading firms, according to The Wall Street Journal. Fund managers, including BlackRock (BLK), are concerned about the negative effects of maker-taker, the report added. IntercontinentalExchange (ICE) CEO Jeffrey Sprecher, along with representatives from T. Rowe Price (TROW) and from RBC Capital (RY), recently held a series of private meetings with SEC Chairman Mary Jo White to push for its elimination, according to the report, citing people familiar with the matter. Like IntercontinentalExchange, which owns the New York Stock Exchange, Nasdaq (NDAQ) is a publicly-traded exchange operator. Reference Link
April 11, 2014
06:12 EDTDWADreamWorks Animation may look to take a piece of Vevo, Re/code reports
Subscribe for More Information
April 10, 2014
13:43 EDTNDAQFidelity to pitch new lost cost trading venue to large asset managers, WSJ says
Fidelity is working on a new trading venue, dubbed "Sakura," that it hopes will be a collaboration among big mutual-fund firms to reduce costs and streamline trading and will be an improvement over other "dark pools," reported The Wall Street Journal, citing people with knowledge of the matter. The report said Fidelity is in the initial planning stages and has just started pitching the idea to other large asset managers. Publicly traded fund managers include BlackRock (BLK), Franklin Resources (BEN) and T. Rowe Price (TROW), while Investment Technology Group (ITG) currently operates dark pools that facilitate block trading among large institutions. Exchange operators Nasdaq (NDAQ) and Intercontinentalexchange's (ICE) NYSE have previously testified to legislators that too much trading occurs in dark pools, hurting investors. Reference Link
09:06 EDTNDAQSEC still struggling for data, slow to move on HFT, Bloomberg says
Subscribe for More Information
April 9, 2014
10:06 EDTNDAQOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:16 EDTNDAQNASDAQ downgraded to Neutral from Buy at BofA/Merrill
Subscribe for More Information
April 7, 2014
07:33 EDTNDAQNASDAQ struggles to repair public image, FT says
Nasdaq has struggled to repair its public image following events including the troubled IPO of Facebook IPO in 2012, an outage that caused an unprecedented three-hour market halt, and now an investigation by New York's Attorney General into the relationship between stock exchanges and high-frequency trading firms, reported Financial Times. Reference Link
06:58 EDTNDAQDark markets could cause more harm than high-frequency trading, Reuters says
After a book by financial author Michael Lewis sparked worries that high-speed traders have been rigging the U.S. stock market, former regulators and academics say a more serious threat to investors could be the increasing amount of trading that happens outside of exchanges, reported Reuters. Top internalizers include units of KCG Holdings (KCG), Citadel, UBS (UBS), and Citigroup (C). Dark pool operators include Credit Suisse (CS) and Morgan Stanley (MS). In an attempt to earn back some of the retail orders, exchanges such as IntercontinentalExchange Group's (ICE) New York Stock Exchange, Nasdaq (NDAQ), and BATS Global Markets, have allowed brokerages to place dark pool-style orders on their platforms, with the trade hidden until after it is executed. Reference Link
April 5, 2014
20:24 EDTNDAQIEX may look for exchange status sooner than planned, Reuters says
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use