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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 Laura Marcinek, Bloomberg |
September 20, 2012
Jefferies Group Inc., the investment bank that helped rescue Knight Capital Group Inc., dropped the most in eight months in New York trading after reporting earnings that fell short of analysts’ estimates excluding gains from the deal.
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By Nina Mehta and Whitney Kisling, Bloomberg |
September 11, 2012
A trading loss that almost sent Knight Capital Group Inc. into bankruptcy may spur regulatory changes to protect against future errors by “knuckleheads,” Knight Chief Executive Officer Thomas Joyce said.
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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.
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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 Colin Read |
August 8, 2012
When machines replace seasoned traders and market makers, mistakes can occur at dizzying speed.
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By Inyoung Hwang and Stephanie Ruhle, Bloomberg |
August 8, 2012
Knight Capital Group Inc. Chief Executive Officer Thomas Joyce estimated last week’s trading loss will be $270 million after taxes and told clients the firm is “in good standing” with clearinghouses.
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By Toshiro Hasegawa, Yoshiaki Nohara and Yumi Ikeda |
August 7, 2012
Japan's second major system error in seven months underscored the challenge the country faces to revive its reputation as a global equity hub.
