NYSE says floor trading system now operational
451085
The New York Stock Exchange said on Thursday that an electronic system for handling orders on its trading floor is now fully operational after going down this morning.
412428
Payless ShoeSource (NYSE: PSS) makes a living selling shoes for less, but the stock, up 19% at its high today, is the largest percentage gainer on the New York Stock Exchange.
254889
London equities progressed by midday Wednesday, pushed by strong gains in the mining sector following a Goldman Sachs (NYSE:GS) note on metals prices. Retailers like J Sainsbury remained in focus one day after Tesco issued a somber results statement that sent its stock down nearly 5 per cent.
458339
BOSTON (AFX) -- The first exchange-traded fund investing in gold bullion will begin trading on the New York Stock Exchange on Thursday, said sources familiar with the situation.
373676
News Corp.&#39;s shift will improve trading liquidity and give better access to US capital markets. The company, which already has a secondary listing in London, will also seek a listing on the Australian Stock
543912
The October futures contract was up 34 cents to $43.44 in electronic pre-floor trading on the New York Mercantile Exchange. Prices have fallen about 12% since touching a record intraday high of $49.
221816
Six leading brokerage firms on  Wednesday introduced an alternative trading system aimed at  providing increased liquidity for block trades.
336371
The New York Stock Exchange is considering extending its trading hours, a move that could change the way Wall Street traders do business.
324458
Wal-Mart Stores Inc.  on Wednesday said it was advised by the New York Stock Exchange that it is not violating any exchange rules.
710211
Federal regulators yesterday proposed a revamped package of changes in how US stocks are traded, extending the reach of a rule requiring brokers to obtain the best possible price for customer orders even if it means going to another market and takes longer.
397652
Charles Schwab &amp; Co., Inc. Thursday confirmed plans for the sale of its memberships on the New York Stock Exchange (NYSE). The San Francisco-based brokerage expects to close on the sale of its three seats during the first quarter of 2005.
178514
The New York Stock Exchange is investing heavily in Linux systems and blade servers as it builds out the hybrid market trading system that it launched last year.
475618
(InfoWorld) - The Nasdaq Stock Market's efforts to buy the London Stock Exchange PLC is another milestone in globalization, and touches the world of IT. As exchanges merge and increase the fluidity of funds globally, a new world of competitive options open. The Nasdaq's latest bid, launched Nov. 20, to buy the part of the LSE it doesn't already own for Â£2.7 billion ($5.1 billion) is poignant in its historic and political overtones. The Nasdaq tapped technology to match buyers and sellers -- starting with simple bulletin boards -- and helped revolutionize trading over the last 20 years. As world class IT companies like Microsoft and Oracle went public on the Nasdaq, the exchange rode the computerization of modern life to great success. Most exchanges have adopted some form of electronic trading, including Nasdaq archrival the New York Stock Exchange (NYSE Group Inc.) and the LSE itself. Exchanges have unique advantages and retain distinct personalities, however. Linux vendor Red Hat Inc., for example, will move from the Nasdaq to the NYSE Tuesday. "The New York Stock Exchange has much stronger global recognition, and we're looking for a global branding image," said Linda Brewton, Red Hat manager of investor relations. She also noted that even though the NYSE has adopted electronic trading, trading is still done under live market specialists and that this reduces share-price volatility. The LSE, which traces its history back some 300 years, has rejected Nasdaq's bid, claiming it undervalues the exchange. The mercurial mayor of London, Ken Livingstone, is also on the case. Last week he asked the U.K.'s Office of Fair Trading to investigate, claiming that the acquisition would eliminate competition to U.S. markets for international company listings. Livingstone also echoed the concerns of many Europeans, that as U.S. exchanges merge with European markets, tighter U.S. regulations would hamper Europe's growing market competitiveness. This last issue has also caused bumps in the NYSE's deal to merge with the Euronext NV exchange. Nasdaq, having already bought about 29 percent of the LSE earlier this year, is appealing to shareholders. Nasdaq Chief Executive Officer Robert Greifield apparently believes the exchange needs the merger to compete. The merging of exchanges and the broader, growing numbers of mergers and acquisitions that IT companies are involved in are part of the same phenomenon, according to according to Eric Gebaide, managing director of Innovation Advisors, a New York investment firm. "It's a manifestation of the globalization of financial markets," Gebaide said. "That in turn is a precursor of the globalization of technology." When companies in Europe and Asia enjoy the same sort of availability of capital U.S. companies have, it can lead to greater competition for U.S. companies. However, U.S. companies can also take advantage of the new era of capital. For example, U.S. companies looking to efficiently use capital now have access to alternative local financing for offshore ventures, Gebaide notes. In the new global market, companies can even go public with offshore ventures, he suggests. The Nasdaq bid will probably play out into 2007. The offer to shareholders can be extended to 60 days, and the Nasdaq can still buy LSE shares on the open market. But no matter how it ends, the internationalization of capital markets will continue to have a profound impact.
668528
The SEC approves ticker rules to increase competition and reduce confusion.
494465
London equities made progress in opening trade on Wednesday, helped by strength in financial stocks. Retailers stayed in the limelight with closely watched corporate news from J Sainsbury and DSG International.
239599
The New York Stock Exchange on Wednesday continued its mop-up from the technical glitches that bottlenecked its trading system and triggered a temporary shutdown of electronic transactions during Tuesday's market plunge.
733364
The New York Stock Exchange and  International Business Machines Corp. IBM.N on Tuesday  introduced a new wireless system that will ensure more  efficient processing and tracking of stock trades.