The Latest Posts
October 2, 2014
Inside the Beltway
Mar 20 2013 | 5:53 PM

Columbia Business School Professor Charles Jones and CFTC Commissioner Bart Chilton bring two different visions to the growing debate over the role high-frequency trading (HFT) plays in our financial markets.

Writing in a POLITICO opinion page, Jones frames the debate by asking: “Is high-frequency trading a threat to our financial markets or an important innovation that benefits today’s investors?”

Surveying nearly 30 theoretical and empirical papers to date, Jones conducted the first ever “meta-analysis” and “clear-headed assessment of the hard data” on HFT, and finds that “HFT and related technologies are making markets better, not destabilizing them.”

“Almost every time there has been a change in market structure facilitating more HFT activity,” Jones writes, “liquidity and overall market quality have improved.” Since “[o]ne computer algorithm can now do the job of...

Read More
Posted by: Clarke Camper
Senior VP, Government Affairs
End of Day Report
Mar 20 2013 | 5:00 PM

Stocks ended higher as investors noted the announcement from the Federal Reserve that it sees the jobless rate falling faster than originally anticipated and that it will keep interested rates at historic lows.  In overseas news, Cyprus is in discussions with Russia for a loan, after the country’s parliament rejected the terms of a bailout from the EU. 

Weekly mortgage applications fell 4% dropping for a second week in a row.  The rise in mortgage rates is the main source of the downturn.

Have a good Wednesday night!                                                                      ...

Read More
Market Watch & Corporate Actions Specialist, Global Corporate Client Group
The Bell
Mar 20 2013 | 4:41 PM

On Wednesday, March 20, the Mayor of Jersey, City, N.J., Jerramiah Healy, will visit the New York Stock Exchange and ring The Closing Bell.

Read More
The Bell
Mar 20 2013 | 4:32 PM

On Tuesday, March 19, executives of Visa, Inc. (NYSE: V), a global payments technology company, will visit the New York Stock Exchange (NYSE) to commemorate the five-year anniversary of Visa’s initial public offering.

To mark the occasion, CEO Charlie Scharf will ring The Opening Bell, accompanied by former CEO and current Executive Chairman Joseph Saunders and President John Partridge. The bell ringing will also highlight the leadership of Saunders and Partridge as they are set to retire on March 31.  

About Visa, Inc. (NYSE: V):

Visa is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world's most advanced...

Read More
Amsterdam Gong
Mar 20 2013 | 12:00 PM

NYSE Euronext welcomes a group of young SME entrepreneurs on its Amsterdam exchange.  The entrepreneurs will attend an ‘Exchange Meeting', visit the trading floor and sound the closing gong. 

Read More