RSS feednyse
’US sees surge in suspicious trades
US stock and options exchanges are spotting more suspicious trading connected to high-profile deals, such as News Corp’s bid for Dow Jones, and are making more referrals to US regulators for investigation.
Grasso wins latest round in ‘excessive pay’ battle
A New York state appeals court panel handed Richard Grasso a partial victory on Tuesday in his effort to hang on to more than $100m in compensation paid to him by the New York Stock Exchange. In a 3-2 decision,
Paulson’s AAA-list guests yield no answers
Hank Paulson, US Treasury secretary, hosted some of the biggest names in US government and finance at Georgetown University in Washington on Tuesday to tackle the vexing issue of how US capital markets can retain a competitive edge while protecting investors,
Another Goldman man joins NYSE
NYSE Group has tapped Goldman Sachs trading executive Duncan Niederauer as its president and co-chief operating officer, setting up the possibility that he may become the second executive in recent years from the bank to run the Big Board,
Bats Trading springs attack on NYSE
Bats Trading, the share trading upstart that has captured trading in about 10 per cent of Nasdaq-listed shares with its low price, high-speed system, has launched a parallel attack on the NYSE. The move illustrates the increasingly cut-throat nature of competition in the US cash equities markets and underscores the pressures driving the two largest exchanges,
Tokyo and NYSE in strategy for global market
The NYSE Group and Tokyo Stock Exchange unveiled a strategic alliance, marking another step in the NYSE’s effort to establish a global stock market. John Thain, chief executive of the NYSE, said the two exchanges would work together on areas such as trading systems and technology,
NYSE and TSE expected to announce alliance
The New York Stock Exchange and Tokyo Stock Exchange are expected to announce an alliance as soon as Tuesday, which could be a first step to creating the first financial market with operations in North America,
NYSE warns on margin loans
Investors borrowing against stocks held in margin accounts risk losing some of their rights on those stocks, the Wall Street Journal reports. In a bulletin expected to be posted on its website on Wednesday,
Coming soon: free, realtime US financial data
The NYSE is working to bring free, real-time stock quotes to Internet users as early as March this year, says Reuters, picking up a story from the Wall Street Journal.
The NYSE filed a proposal with the SEC on Friday which,
NYSE and Goldman group take 20% of Mumbai’s NSE
The NYSE Group and Goldman Sachs are part of an investor group taking a 20 per cent stake in India’s biggest stock exchange. Along with General Atlantic, the private equity firm, and SoftBank Asian Infrastructure Fund,
Public-private deals hit record $150bn in 2006
The value of companies taken private reached record levels in 2006, with New York and London’s stock markets accounting for the bulk of the $150bn of de-equitisation, according to Thomson Financial. However,
Théodore’s cat-and-mouse game pays off
Jean François Théodore has pulled off what a few months ago looked hopeless, says Paul Betts – the first tranatlantic stock exchange merger.
The opponents of the deal have only themselves to blame for doing such a lousy job to block it.
Euronext shareholders overwhelmingly back NYSE merger
Shareholders yesterday presented Jan-Michiel Hessels, Euronext chairman, with the gift at the top of his Christmas wish-list when they overwhelmingly backed a merger of the pan-European bourse and the NYSE.
Dutch seek control of NYSE/Euronext watchdog
The Dutch finance ministry is seeking to control a foundation set up to protect a combined NYSE/Euronext board from US regulatory interference as the price for granting approval for the deal, according to a letter released by Euronext yesterday.