SAN FRANCISCO/ CHICAGO, April 24- The UK- based trader accused by U.S. authorities of making more than $40 million manipulating markets and contributing to the 2010 Wall Street flash crash was on the losing end of at least one trade: his purchase of the CME Group seat that helped to make the alleged scheme possible. Navinder Sarao bought the seat in May 2008 for...» Read More
Two-plus months into the war waged over the New York Stock Exchange, and the participants are gearing up for a key battle: what to call it.
The Fast Money traders look at which trades you should put down now. And a look ahead to how to play commodities going into Bernanke's press conference on Wednesday.
Nasdaq OMX Group has said it would consider selling NYSE Euronext’s American Stock Exchange division if it would help smooth its acquisition of the NYSE Euronext, the Wall Street Journal reported, citing people familiar with the matter.
Nasdaq CEO Robert Greifeld is meeting with hedge funds Friday in New York trying to drum up support for his company’s proposal to purchase the NYSE. Nasdaq is joined in that proposal by its partner ICE, but today’s meeting did not include representatives from that company, something noted by attendees.
What to do with your money ahead of the weekend, with Bob Phillips, Spectrum Management Group, and Steven Charest, Divine Capital.
Searching for value stock picks, with Paul Dietrich, Foxhall Capital Management, and Alan Gayle, RidgeWorth Capital Management.
Low market volumes and stiff competition have led to a sharp fall in “high-frequency” trading as industry experts warn that the past two years of rapid growth may be coming to a halt, reports the Financial Times.
Two China stocks created through reverse mergers — RINO International and Puda Coal — got hit today: One by the SEC and the other by the company, itself.
It was a major blow for the Singapore Stock Exchange. Its courtship for its Australian counterpart, the Australian Stock Exchange, came to an abrupt end when the Australian government rejected the deal last week saying it was not in Australia's national interests. SGX was left standing alone at the altar.
While the battle over the NYSE rages and we wait for a response from that exchange to the proposed $42.50 dual stock and cash bid from Nasdaq and Ice, it’s worth mentioning that among the most likely outcomes here is that the NYSE doesn’t get bought at all.
Exchange operator Nasdaq OMX Group said on Tuesday it will rebalance its benchmark Nasdaq-100 index, cutting the weighting of Apple.
The somewhat improbable, though long-awaited bid from Nasdaq and ICE came Friday with the desired effect. It sent shares of the NYSE up sharply (not to mention shares of the Nasdaq) and has changed the dynamic. Anyone expecting a swift resolution of this contest, however, is likely to be disappointed.
"If they [NYSE] really need scale and if they really needed to take costs out, we're probably the better partners," Jeffrey Sprecher, chairman and CEO of ICE, told CNBC on Friday. "There was just an opportunity that was presented to us by the marketplace and Bob Greifeld and I decided to act on it," Sprechler said.
A slew of signals suggest the market wants to go higher. But should you put money to work in leaders or laggards?
Insight from one of the architects of the proposal to buy the NYSE, Jeffrey Sprecher, IntercontinentalExchange CEO. Sprecher says the Nasdaq/ICE partnership would be better for the NYSE in taking out costs.
A look at what the Nasdaq's latest bid for the NYSE could mean to the small investor, with Pat Healy, Issuer Advisory Group president/CEO, and CNBC's Bob Pisani.
A source close to Nasdaq tells CNBC that discussions with the ICE about a competitive bid for the NYSE ongoing, and that the U.S. exchange operator sees a potential deal as an "opportunity" rather than a necessity.
Stocks closed off the lows of the day, although still 1 percent lower, as buyers stepped into the market in afternoon trading even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained. .
Stocks significantly pared losses, although continued to trade lower, after the Federal Reserve reaffirmed intentions to continue stimulating the economy through bond purchases even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained.
Stocks pared the worst losses of the day, although remain sharply lower, as the worsening nuclear crisis in Japan prompted investors to sell stocks across the globe and move into safer investments. GE and Intel led the blue-chip index lower.