The Securities and Exchange Commission is looking into how high-frequency trading, which some estimate accounts for 50% or more of all equity trading in the U.S., affects markets, sources said. As lawmakers are scrutinizing the trading practice and other market developments, the SEC is not expected to publish a discussion paper on the strategies until December at the earliest.
Posts Tagged ‘Equity Trading’
Nasdaq OMX to roll out third equity exchange in 2010
October 15th, 2009 
Before You Invest Nasdaq OMX Group plans to use an exchange license it bought when it bought the Philadelphia Stock Exchange in 2007 to launch a third equity-trading platform. Eric Noll, executive vice president at Nasdaq OMX, said the exchange is meant to give investors “additional choices that will help supplement their various trading strategies.” Pending approval from the Securities and Exchange Commission, the exchange is scheduled to launch in the second half of next year.The company is working to diversify as upstarts BATS Exchange and Direct Edge now claim more than one-fifth of U.S. stock trading activity, chipping away at a business long dominated by Nasdaq OMX and NYSE Euronext (NYX).Nasdaq OMX said the new platform will feature a price/size priority model that will allow customers to do orders through any of Nasdaq’s platforms, as opposed to the price/time priority model offered on the Nasdaq Stock Market and Nasdaq OMX BX.This model will incentivize traders to show larger order size, which appeals to institutions, high-frequency traders and retail investors alike, according to Brian Hyndman, head of transaction services for Nasdaq OMX.more athttp://online.wsj.com/article/BT-CO-20091015-713409.html
Posted in Finance Fraud 
Tags: Bats, Equity Trading, Executive Vice, High Frequency, Hyndman, Nasdaq Stock Market, Nyse Euronext, Nyx, Omx, One Fifth, Philadelphia Stock Exchange, Retail Investors, Securities And Exchange Commission, Stock Nasdaq, Stock Trading, Time Priority, Trading Platform, Trading Strategies, Transaction Services, Wsj 
No Comments »Price war takes toll on Nasdaq’s profit, market share
August 7th, 2009 Before You Invest Nasdaq OMX posted a 31% drop in profit for the second quarter and said its share of equity trading in the U.S. declined by a third. The results were partially because of a price war with BATS Exchange, Direct Edge and other rivals. The trans-Atlantic exchange reported $69 million in quarterly profit compared with $100 million during the same period last year.more athttp://www.ft.com/cms/s/0/5aca07fe-828b-11de-8cc2-00144feabdc0.html
Posted in Finance Fraud, NASDAQ OMX Tags: 100 Million, Bats, Cms, Equity Trading, Market Share, Nasdaq Market, Omx, Price War, Quarterly Profit, Rivals, Second Quarter, Share Trading, Trans Atlantic No Comments »
