Top Stories

Merrill Lynch Ordered to Pay $1.4M To Investor

February 3, 2012 - A FINRA arbitration panel called into question the value of the collateralized loan obligation investments the firm sold.

iiDeals: Top Ten Transactions in Information Industry 2011

February 3, 2012 - The largest information industry transaction by private equity players was the purchase of GoDaddy. Com for $2.25 billion, according to investment bankers Berkery Noyes. Here's what was hot.

To Get Clients Through Social Media, Talk About Yourself

February 3, 2012 - Sharing select personal details can help win over prospects, a financial planner says at TD Ameritrade conference.

Stock Issuers Get Electronic Connection to Investors

February 3, 2012 - An investment bank has launched DirectMarkets, a first-of-its-kind platform that directly links stock issuers with investors, in primary offerings of securities.

Order Book: Facing Up to Facebook

February 3, 2012 - It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.

50 Funds Will Have Facebook Shares

February 3, 2012 - Morningstar research finds that 50 mutual funds have stakes in Facebook. Here’s who has them.

Trading Halted on Tokyo Stock Exchange

February 2, 2012 - Trading in 241 stocks was halted for three-and-a-half hours, due to a market data problem.

Use of Consolidated Tape Now 'Absurd'

February 2, 2012 - “The consolidated tape has reached its limits of utility,” say Paul Rowady, Tabb senior analyst and report author. “It’s also slower than proprietary real time-feeds.”

BATS Boosts Share of European Trading to 25.9%

February 2, 2012 - In the U.S., where BATS operates the BATS BZX Exchange and BATS BYX Exchange, BATS reported an 11.1 percent matched market share in January 2012. That’s up from 10.4 percent for the same period a year ago but below the 12.1 BATS market share for October.

The Hidden Jewel in ETFs: Bullion

February 3, 2012 - Since its inception in November 2004, the average annual return of State Street Gold Shares has been 18.72%. By comparison, the S&P 500 has returned half of 1% a year in that time.

TMX Group Expands Co-Location Facility

February 2, 2012 - TMX Group said it has advanced implementation of it phase four of its co-location facility, to open by the end of June.

Bloomberg Opens Up its Data to Programmers

February 1, 2012 - The Bloomberg Open Application Programming Interface (BLPAPI) will be made available under a free license. The company intends for the interface to become “ a free and flexible universal language for market data exchange and distribution.’’

TMX to Cut Trading Time By 20X. Next Year.

February 1, 2012 - The operator of the Toronto and Montreal exchanges said its next-generation trading system, TMX Quantum XA, will cut delays by 95 percent -- next year.

Deutsche Boerse: It’s a Black Day for Europe

February 1, 2012 - The operators of the Frankfurt, Paris and New York exchanges said they are now in discussions to end their merger agreement. Neither side was happy with the European Commission's move to block their combination.

EU Stops Deutsche Boerse-NYSE Merger

February 1, 2012 - Antitrust regulators in Europe stopped the merger of Deutsche Boerse and NYSE Euronext on Wednesday, saying the combined group would have a stranglehold of the listed European futures market and would thwart new entrants.