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By Silla Brush |
March 18, 2013
CFTC Commissioner Bart Chilton says high-frequency wash trades distort liquidity and prices.
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By Sarah Pringle and Sarah Jones, Bloomberg |
March 14, 2013
U.S. stock-index futures climbed, indicating the benchmark Standard & Poor’s 500 Index will continue its advance toward a record high, as jobless claims unexpectedly dropped last week.
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By Bei Hu |
March 5, 2013
Hedge-fund managers, traders and analysts in Asia are quitting as assets have failed to recover after the 2008 global financial crisis.
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By Mary Childs, Bloomberg |
November 7, 2012
Wall Street’s credit-derivatives traders, who before the financial crisis commanded $2 million of annual pay, are being replaced by machines as banks cut costs and heed new regulations.
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By Nina Mehta and Saijel Kishan, Bloomberg |
October 31, 2012
Knight Capital Group Inc., one of the largest U.S. market makers, shut down trading of equities today after backup power failed at its headquarters in Jersey City, New Jersey, amid a blackout following Hurricane Sandy.
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By Dakin Campbell, Bloomberg |
October 16, 2012
Wells Fargo & Co., the biggest U.S. home lender, is restructuring sales and trading operations to form a new markets division at its investment bank as the firm challenges more established Wall Street rivals.
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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 23, 2012
Citigroup Inc., whose market-making unit suffered millions of dollars of losses trading Facebook Inc. in its public debut, urged U.S. regulators to reject Nasdaq OMX Group Inc.’s proposal to make up for its errors.
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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.
