Prab Sagoo, associate director at Nasdaq, says we should expect more volatility in the near term.
Over the last year, U.S. equity markets have had a good run.
Joseph P. Kennedy, first chairman of the SEC, once said he knew to dump his holdings when he got stock tips from the kid shining his shoes.
The Financial Times reports industry analysts expect Nasdaq and LSE to join at the hip.
The Financial Times reports Nasdaq faces an SEC fine of up to $10 million for its role in the Facebook IPO debacle.
Nasdaq OMX Group is buying eSpeed, a platform owned by BGC Partners, for $750 million, reports Reuters.
The NASDAQ OMX Group, Inc. has entered the private market space in a joint venture with SharesPost, Inc., known for it's web-based trading platform.
Last May’s error-ridden Facebook IPO was the result of a Nasdaq system failure — a millisecond blip that caused a 20-minute delay in trading, reports ft.com. Now, the exchange operator is in talks with U.S. regulators over a potential settlement on the issue. Read more. Also read: The “Facebook cliff” Facebook IPO provides lessons for […]
Second quarter profits of the NASDAQ OMX Group—the second-largest U.S. equity exchange operator—rose 1.1%, reports Financial Times. Gains from its non-core trading business, including market data and broker services, helped limit a 3.7% decline in revenues from its core US equity cash trading business. Overall, net revenues fell 1.6% to $688 million. The company results […]