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By Whitney Kisling, Bloomberg |
August 2, 2012
Knight Capital Group Inc. has “all hands on deck” and is in close contact with creditors, clients and counterparties as it tries to weather trading errors that cost it $440 million, Chief Executive Officer Thomas Joyce said.
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By Whitney Kisling, Bloomberg |
July 5, 2012
The New York Stock Exchange’s plan to lure more stock orders from individuals was approved by the U.S. Securities and Exchange Commission, dealing a setback to Wall Street firms that increasingly keep the business for themselves.
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By Nina Mehta, Bloomberg |
June 14, 2012
Getco LLC, a Chicago-based automated trading firm, eliminated about 40 jobs last week amid an industry slowdown in transactions.
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By Nina Mehta, Bloomberg |
June 7, 2012
Nasdaq OMX Group Inc.’s plan to earmark $40 million for brokers whose orders were mishandled in Facebook Inc.’s initial public offering will hurt competition, according to NYSE Euronext.
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By Nina Mehta, Bloomberg |
May 21, 2012
Nasdaq OMX Group Inc., under scrutiny after shares of Facebook Inc. were plagued by delays and mishandled orders on its first day of trading, blamed “poor design” in the software it uses for driving auctions in initial public offerings.
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By Nina Mehta, Bloomberg |
May 18, 2012
While Nasdaq OMX Group Inc. succeeded in delivering Facebook Inc. to public owners, the biggest initial offering of all time was rife with drama.
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By Nina Mehta and Joseph Ciolli, Bloomberg |
May 17, 2012
Facebook Inc.’s initial public offering will be the biggest test of a rule introduced in 2011 to protect investors and curb volatility on the first day a company trades.
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By Nina Mehta and Nikolaj Gammeltoft, Bloomberg |
May 5, 2012
Nasdaq boss argues smaller U.S. options exchanges that don’t attract a minimum amount of trading should withdraw from an industry agreement.
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By Phil Burgert |
May 1, 2012
Pinch hitter
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By Joshua Gallu and Nina Mehta, Bloomberg |
April 5, 2012
More than five months before a software error ruined Bats Global Markets Inc.’s initial public offering, U.S. regulators put exchanges on notice that they need to do more to protect investors from technology gone awry.
