Nasdaq
LSE rebuffs Nasdaq bid
The London Stock Exchange has dismissed a takeover bid from the New York-based Nasdaq, saying it "substantially undervalues" the exchange.
Icap confirms EBS approach; FX platform expects more than one bidder
Interdealer broker Icap has confirmed it is in “preliminary discussions” to acquire electronic forex heavyweight EBS, ending mounting speculation that the electronic forex dealing platform had been looking for a buyer since July 2004, when it appointed…
Securities firms must certify compliance with securities laws, says NASD
All US securities firms will be required to designate a chief compliance officer (CCO) who will, with the chief executive officer (CEO), certify annually that the firm is working toward compliance with various securities laws, according to the National…
Open Platform - Prepare for Even More Scrutiny
As the Attorney General, the SEC and other regulators join forces to oversee the bond market, we may need to police ourselves.
Nasdaq pulls out of single-stock futures business
US electronic stock exchange Nasdaq has pulled out of its joint venture with Euronext.Liffe to create a market for single-stock futures.
Nasdaq launches European tracker ETF
The Nasdaq Stock Market has launched a Nasdaq-100 European Tracker, an exchange-traded fund (ETF), on the Nasdaq Europe exchange today under the symbol EQQQ. The fund is designed to follow the Nasdaq 100 index and is composed of the top hundred non…
Tracing Transparency
Corporate bond traders are hesitantly embracing greater transparency and trying to figure out how to use it.
Legg Mason Gets a Leg Up on Disclosure
Baltimore-based Legg Mason is one of the first firms to tap software to comply with NASD Rule 2711 about disclosing conflicts of interest.
OneChicago and Nasdaq Liffe to use SunGard system for SSF clearing
OneChiacgo Futures Exchange and Nasdaq Liffe Markets (NQLX) have signed up SunGard’s GMI back-office clearing system for trading single-stock futures (SSFs).
Ascher named chief executive officer of Nasdaq Liffe Markets
Nasdaq Liffe Markets (NQLX), the electronic exchange joint venture by Liffe and Nasdaq launched in March 2001, has appointed Thomas Ascher as chief executive officer. Ascher will be responsible for the strategic, long-term vision and operations of NQLX,…
SAN Storm
Disaster recovery issues have thrust network-based storage into the spotlight. Lehman Brothers reveals the complex layers of storage systems that allowed business to continue after last year's World Trade Center attacks.
BOTCC to process Nasdaq Liffe
Nasdaq Liffe Markets (NQLX), in a preparatory move before the start of trading in single-stock futures (SSF) in the US, agreed to let the Delaware-based Board of Trade Clearing Corporation (BOTCC) process certain deals known as 'give-ups'.
Nasdaq-Liffe selects the Options Clearing Corporation
Nasdaq Liffe Markets (NQLX), the New York-based joint venture between Nasdaq and the London International Financial Futures and Options Exchange (Liffe) set up to list single stock futures in the US, has chosen the Chicago-based Options Clearing…