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By Nina Mehta and Nikolaj Gammeltoft, Bloomberg |
October 29, 2012
U.S. stock trading was canceled for a second day, joining bond markets, as 90-mile-per-hour winds and surging seas from Hurricane Sandy bore down on New York and paralyzed American capital markets.
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By Nina Mehta and Nikolaj Gammeltoft, Bloomberg |
October 29, 2012
The U.S. securities industry canceled all equity trading today and will shut bond markets early, moving to protect workers as Hurricane Sandy barreled toward New York City with 85-mile-per-hour winds and the threat of an 10-foot sea surge.
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By Rita Nazareth and Michael P. Regan, Bloomberg |
October 3, 2012
Erroneous trades that sent Kraft Foods Group Inc. up as much as 29 percent in the first minute of trading were canceled by exchanges, the latest incident to fuel scrutiny of the electronic infrastructure of U.S. markets.
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By Nina Mehta and Whitney Kisling, Bloomberg |
October 2, 2012
Eliminating all trading errors is impossible and the way to address malfunctions that have plagued equity markets this year is to improve testing and oversight, industry executives said at a meeting in Washington.
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By Nandini Sukumar and Namitha Jagadeesh |
September 30, 2012
Alasdair Haynes, the ex-CEO of Chi-X Europe Ltd., plans to start a alternative trading system to compete with his former employer and traditional exchanges.
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By Nina Mehta, Bloomberg |
August 14, 2012
Bats Global Markets Inc., the third- largest U.S. stock exchange operator, plans to create a program to draw orders from retail customers to one of its two markets.
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By Nina Mehta, Bloomberg |
August 14, 2012
Regulations put in place to protect investors after $862 billion of market value was briefly erased on May 6, 2010, were the same rules that almost ruined Knight Capital Group Inc. this month.
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By Stephanie Ruhle, Christine Harper and Nina Mehta, Bloomberg |
August 14, 2012
Knight Capital Group Inc.’s $440 million trading loss stemmed from an old set of computer software that was inadvertently reactivated when a new program was installed.
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By Cristina Alesci, Whitney Kisling and Nina Mehta, Bloomberg |
August 6, 2012
Knight Capital Group Inc. received a $400 million cash infusion through the sale of convertible securities after trading losses spurred by a software failure drove the market maker to the brink of bankruptcy.
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By Robert Schmidt and Michael J. Moore, Bloomberg |
August 3, 2012
The trading losses at Knight Capital Group Inc. renewed pressure on Washington regulators to prove they are equipped to protect investors in markets that are increasingly computerized and fragmented.
