Tag Archives: BATS Trading

JPMorgan Trading Loss Shows Danger In Bank Size -Volcker

Reuters – June 7, 2012 NEW YORK, June 7 (Reuters) – Former Federal Reserve Chairman Paul Volcker said JPMorgan Chase’s recent multibillion-dollar trading loss may show that the nation’s largest banks are too big to manage. JPMorgan revealed last month … Continue reading

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NYSE Program Trading Jumped Last Week as Volume Rose

Dow Jones Newswires – By Ben Rubin – June 7, 2012 Program-trading activity increased on the New York Stock Exchange last week as the overall volume rose from a week earlier, according to the latest data from the NYSE Euronext … Continue reading

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Blackrock’s Fink Says Dimon ‘Inflamed’ Scrutiny of Losses

Bloomberg News – By Dawn Kopecki – June 7, 2012 JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon “inflamed” public debate over a trade in London that has so far cost at least $2 billion, BlackRock Inc. (BLK) … Continue reading

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Aflac Adds BlackRock’s Stevens As Head of Global Trading

Bloomberg News – By Zachary Tracer – June 7, 2012 Aflac Inc. (AFL), the world’s biggest seller of supplemental health insurance, hired Timothy “Chip” Stevens for the newly created post of global head of trading as the insurer increases its … Continue reading

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Stern Advice-The Cheap New Trend in Investing

Reuters – By Linda Stern – June 7, 2012 (Reuters) – How cheap can investing get? We’re about to find out. A new brokerage site will allow individual investors to build big research-driven stock portfolios for pennies. And a new … Continue reading

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NYSE Criticizes Nasdaq’s Facebook Comp Plan

Bloomberg BusinessWeek                              By Nina Mehta – June 7, 2012 Nasdaq OMX Group Inc.’s (NDAQ) plan to earmark $40 million for brokers whose orders were mishandled in Facebook Inc. (FB)’s initial public offering will hurt competition, according to NYSE Euronext. (NYX) … Continue reading

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Regulation Will Wreak Havoc On Shadowy NDFs

Reuters – By Vidya Ranganathan and Rachel Armstrong – June 7, 2012 (Reuters) – It has been the dark side of currency markets: a secretive multi-billion dollar world of simulated contracts that skirts around government controls and rules. Now regulators … Continue reading

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US Stocks Jump After China Moves To Stimulate Growth

The Wall Street Journal – By Chris Dieterich – June 7, 2012 NEW YORK–Stocks rose as dovish comments from U.S. central bankers and a surprise interest-rate cut in China boosted hopes for more stimulative action. The Dow Jones Industrial Average … Continue reading

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Bernanke Offers Few Hints of Fed Stimulus

Reuters – By Pedro da Costa and Mark Felsenthal – June 7, 2012 (Reuters) – Federal Reserve Chairman Ben Bernanke said on Thursday the central bank was ready to shield the economy if financial troubles mount, but offered few hints … Continue reading

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Wall St and Republicans Team Up to Curb CFTC

Reuters – By John Kemp – June 7, 2012 (Reuters) – Politics is brutal. Just how brutal became apparent Wednesday when Wall Street teamed up with Republican lawmakers in the U.S. House of Representatives to emasculate the Commodity Futures Trading … Continue reading

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