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By Sam Mamudi, Bloomberg |
February 20, 2014
Trading is now effectively non-stop, with transactions measured in millionths of a second. Budish, an associate professor of economics at the Booth School of Business, proposes to instead segment trading into thousands of auctions throughout the day.
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By Sam Mamudi, Bloomberg |
January 31, 2014
Bats Global Markets Inc.’s merger with Direct Edge Holdings LLC will put a broker-owned stock exchange operator in the top ranks on Wall Street for the first time since NYSE Euronext and Nasdaq OMX Group Inc. went public.
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By Sam Mamudi, Bloomberg |
October 17, 2013
Securities regulators fined Knight Capital Americas LLC $12 million for the trading malfunction that roiled the U.S. stock market in August 2012, saying the firm ignored dozens of error messages before its computers bombarded exchanges with millions of unintended orders.
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By Sam Mamudi, Bloomberg |
October 10, 2013
NYSE Euronext, the biggest U.S. stock exchange owner, is willing to consider major changes to how it does business as part of a discussion on reworking the structure of American markets, according to Chief Executive Officer Duncan Niederauer.
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By Sam Mamudi, Bloomberg |
October 8, 2013
IntercontinentalExchange executive says rules governing U.S. equities trading have made the market vulnerable to breakdowns.
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By Sam Mamudi, Bloomberg |
September 19, 2013
Technical malfunctions at stock exchanges around the world are putting their owners’ credit ratings in jeopardy.
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By Sam Mamudi, Bloomberg |
September 10, 2013
The complexity of U.S. stock-market structure is the “biggest obstacle” to ensuring systems run without failing, Nasdaq OMX Group Inc. Chief Financial Officer Lee Shavel said today.
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By Sam Mamudi, Bloomberg |
August 22, 2013
Computer errors shook American equity markets again today as malfunctioning software that feeds data between exchanges prompted Nasdaq Stock Market to halt trading in stocks and options.
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By Sam Mamudi, Bloomberg |
July 3, 2013
Thomas Joyce, who built Knight Capital Group Inc. into one of the biggest U.S. market making firms only to see it driven to the brink of bankruptcy and then into a suitor’s arms, is leaving the company.
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By Sam Mamudi, Bloomberg |
June 24, 2013
Stock trades of fewer than 100 shares that have traditionally been excluded from U.S. share volume tallies are poised to be added to the count.
