Nasdaq
N2EX trades £12.7 million in three weeks
N2EX, the recently launched marketplace for physical UK power contracts, has traded £12.7 million’s worth of day-ahead and prompt contracts combined in the first three weeks since its opening.
SEC approves exchange rules to prevent ‘clearly erroneous' trades
New rules from the US regulator aim to curb ‘fat-finger’ banking errors
US Wrap: S&P 500 still dominates growth products
The S&P 500 continues to dominate growth products, despite the illusion of index diversity. Morgan Stanley launched a three-year leveraged participation note ahead of the weekend which linked to three indexes: the S&P 500, the Nasdaq 100 and the MSCI…
Cloud cover
Grid computing was seen as the answer to resource-intensive risk management tasks, such as derivatives pricing, scenario simulation and stress testing. But some firms are now looking at cloud computing - vast collections of computing and data resources…
NASD and NYSE to merge self-regulatory operations
The two US private-sector securities dealers are to merge, bringing the entire securities industry under the oversight of one body.
Second time unlucky for Nasdaq as London Stock Exchange rejects bid
The London Stock Exchange (LSE) has rejected an offer from New York-based stock exchange Nasdaq to buy the company for 1,243 pence a share in cash, on the grounds that the bid “substantially undervalues” the company.
Euronext rejects LSE merger
Euronext has ended merger talks with the London Stock Exchange (LSE), leaving the New York-based Nasdaq as the front-runner for the London exchange.
LSE £510 million payout goes ahead
Shareholders in the London Stock Exchange (LSE) yesterday backed the board's £510 million payout plan, as consolidation manoeuvring continued.
Nasdaq buys into LSE
New York-based Nasdaq has taken a 14.99% stake in the London Stock Exchange, giving it a headstart over its rivals in the struggle for the London bourse.
Nasdaq announces new risk management products
Nasdaq has announced that it plans to add new risk management products to its current offering within its trading platform. These products will be designed for clearing firms, prime brokers, sponsored access providers, proprietary trading firms and…
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,…