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exchanges

Latest Headlines

Latest Headlines

Nasdaq's Facebook glitches come at worst time

The debut of Facebook was marred by glitches at the Nasdaq stock market that ended up delaying the start of trading and botching the trade confirmation process, which some broker dealers found infuriating.

Maker taker pricing in the crosshairs

Reg NMS requires traders to route orders so that they execute at the best possible price, but that hardly means that all trades are executes at the NBBO.

The future of NYSE Euronext

At NYSE Euronext, the question is: What now? It invested so much--some might say it bet the farm--on inking a deal with Deutsche Bourse, that it must now fight the perception that it is merely...

Nasdaq may have inside track for Facebook

In the rush of Facebook IPO news, many media outlets noted that the initial prospectus did not mention where the stock will be traded. That decision may not be made for a while, and Facebook will no...

Will Wall Street preparations for Irene pay off?

It's fair to say that Irene provided a good opportunity for Wall Street firms to work through sustainability and disaster preparedness issues. The long-wind-up to the main event gave the exchanges

Nasdaq, ICE bid for NYSE Euronext

Just when people were starting to doubt that the Nasdaq and ICE could find a way to mount a competitive bid for the NYSE Euronext, they pull it off. The two exchanges jointly bid $42.50 in cash and

Nasdaq running out of options

Is it time to pity the poor Nasdaq? The NYSE Euronext-Deutsche Bourse deal has put it in near-desperation mode with no good options. Clearly, it has to do something massive, some transformative. But

Nasdaq ponders bid for NYSE Euronext

The Nasdaq OMX reportedly is in talks with a range of entities that might result in a hostile bid for NYSE Euronext. Mr. Market lifted the NYSE Euronext's stock above the offer price in anticipation

Dealers reiterate clearinghouse support

The top 15 derivatives dealers have sent a letter to the Federal Reserve Bank of New York reiterating their support for a central clearing system when it comes to over the counter derivatives,

Big battle: Clearinghouses or exchanges for CDSs

The idea of forcing credit default swaps onto a clearinghouse has been relatively uncontroversial, and we've covered the rise of several clearinghouses aiming for market share. The ICE, backed by the