(Reuters) - U.S. securities regulators may force Nasdaq OMX Group Inc to upgrade its trading systems following last month's glitch-ridden IPO of Facebook Inc , the Wall Street Journal reported. The Securities and Exchange Commission is looking into what caused the glitches that left the market makers - who facilitate trades for brokers - in the dark for hours as to which trades had gone through. ...
U.S. securities regulators may force Nasdaq OMX Group Inc to upgrade its trading systems following last month's glitch-ridden IPO of Facebook Inc , the Wall Street Journal reported. The Securities and ...
Regulators in the United States made their first tentative steps this week to catch up with quickly evolving capital markets dominated by lightning-fast computer-driven trading.
Proposals by U.S. Securities and Exchange Commission chair Mary Jo White to register all electronic traders, make marketplaces more transparent, and possibly even de-emphasize speed will take months or even years to come to fruition — if they do at all.
By Matt Schilling:On Wednesday, October 3, analysts at Lazard Capital upgraded shares of Semtech Corp. (SMTC). The firm raised its rating on the stock from a Neutral to a Buy and set a $31.00/share price target. As a result of the upgrade, shares of SMTC reacted quite nicely trading up as much as 2.11%.
Peter Beck, the operator of former day-trading powerhouse Swift Trade Inc., has settled U.S. Securities and Exchange Commission allegations that he failed to supervise overseas day traders “who used the firm’s order management system to engage repeatedly in a manipulative trading practice known as layering.”
Mr. Beck, who settled a raft of allegations brought by Ontario regulators in June, was accused by the SEC along with his Toronto-based brokerage firm Biremis and Charles Kim, co-founder of the firm that was affiliated with Swift Trade.