Bank of America and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence, Rhode Island, over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares.
Goldman Sachs is looking to sell its New York Stock Exchange market-making unit to a Dutch investment firm, as computers replace traders who once dominated the business at the corner of Wall and Broad streets.
Twitter plans to sell its shares for anywhere from $17 to $20 per share in an initial public offering, the company said on Thursday.
The BATS/Direct Edge merger may seem like a deal between two sleepy exchanges, but in one fell swoop the combined entity has become a potentially bigger story: it is a logical buyer for the NYSE's cash equity business.
New York Stock Exchange floor traders already are an endangered species. But with the 'ICE' age approaching, they worry about extinction.
Bank of America has hired analyst Paul Shea from Deutsche Bank to join an equities sales team catering to hedge funds and other institutional clients, said two people with knowledge of the move.
The longest weather-related shutdown of U.S. stock trading since 1888 ended October 31st without incident, while underscoring how vulnerable the world’s biggest financial market remains to disasters.
U.S. equity markets will reopen Wednesday after the longest weather-related shutdown in more than a century, resuming after the New York Stock Exchange was spared by Hurricane Sandy as it swept through New York Monday.
The Securities and Exchange Commission has brought first-of-its-kind charges against the New York Stock Exchange for compliance failures that gave certain customers an improper head start on trading information.