Tag Archives: stock exchanges

On Heels of Recent Outage, NASDAQ Suffers Another Knightmare on Wall Street

The Wall Street Journal’s Jacob Bunge reports that just ahead of a meeting Wednesday to discuss last month’s unprecedented three-hour trading outage, Nasdaq officials got another unexpected jolt: The main data feed for Nasdaq Stock Market-listed stocks went down again. … Continue reading

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Hft Update: Citi Fights High-Frequency Trading — with HFT

Liz Tay from Business Insider reports that Investment banks are driving down the volume of high-frequency trades on US stock exchanges with defensive, high-speed algorithms of their own, a Citigroup executive has claimed. Stephen Shore of the Australian Financial Review reports that … Continue reading

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India Tightens Reins on Algorithmic Trading

India Times: Tightening the norms for algorithmic trading, market regulator Sebi today made it mandatory for the users to have their systems audited every six months and increased penalties on errant stock brokers. Sebi first issued guidelines on algo trades … Continue reading

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Knowledge@Wharton on High-speed Trading: Is It Time to Apply the Brakes?

How fast is high-frequency stock trading? In the time it takes to read this sentence, tens of thousands of high-speed, computer-automated transactions can occur. Winning traders edge out rivals by intervals measured in nanoseconds. Fans of the practice say that high-frequency … Continue reading

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ICE Futures U.S. to End Floor Trading for Options

Leslie Josephs of The Wall Street Journal writes that the IntercontinentalExchange Inc. (ICE), one of the world’s largest futures exchanges, will get rid of floor trading for certain options contracts, including some of the world’s most widely traded soft commodities … Continue reading

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Study: High-Speed Trading Hurts Long-Term Investors

WASHINGTON—Scott Patterson of The Wall Street Journal reports that some of the most heavily traded U.S. stocks might also be among the most expensive to trade, costing investors as much as $2.5 billion a year, according to a New York … Continue reading

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Fink blasts BlackRock stock-picking performance

Mike Foster and Sophie Baker of the Financial News report that Larry Fink, chief executive of BlackRock, last week branded the recent performance of the asset manager’s stock-pickers as unacceptable and pledged to hire others to turn it round. His … Continue reading

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Greifeld touts recovery from Facebook

Shanny Basar of the Financial News reports today that Bob Greifeld, chief executive of Nasdaq OMX, said the exchange was emerging from its Facebook problems and that it expected its new compensation plan for Facebook losses to help it move … Continue reading

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Average Holding Period for Stocks Rising

As reported by IrishTimes.com’s Proinsias O’Mahony, the average holding period for a stock is rising, according to US economics professor Michael Hudson – to 22 seconds, up from 20 in 2009. Foreign currency “investments” typically last just 30 seconds. How come? … Continue reading

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