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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 Nina Mehta, Rita Nazareth and Whitney Kisling, Bloomberg |
October 19, 2012
A quarter century after the worst one-day stock crash in history, measures to prevent a repeat are failing to keep investors from losing confidence in the market.
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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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October 2, 2012
Wall Street banks’ equities-trading units aren’t getting much relief from the strongest stock rally since 2009, as sinking volume and already thin margins threaten to make their annual performance the worst in six years.
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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
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 Rita Nazareth, Bloomberg |
July 31, 2012
U.S. stocks fell, trimming a second monthly advance in the Standard & Poor’s 500 Index, as investors awaited the Federal Reserve’s decision on interest rates.
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By Nina Mehta, Bloomberg |
July 10, 2012
The 32-year wait for a comprehensive record-keeping system to monitor trading across U.S. equity and options markets is approaching a conclusion.
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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 |
June 6, 2012
Nasdaq OMX Group Inc.’s board approved a plan to compensate brokers whose orders were mishandled in Facebook Inc.’s initial public offering, earmarking about $40 million to cover losses.
