Apr 17 2014 | 10:23 AM
- 100% of executions receive at least $0.0010 price improvement and averaged $0.0021 since NYSE MPL introduction.
- Orders of 300 shares or less have received an average of $0.0032 price improvement
NYSE’s innovative Retail Liquidity Program (RLP) continues to attract significant retail volume, offering retail clients substantial price improvement opportunities. Since inception on August 1, 2012, orders totaling 2.62 billion shares have executed through RLP, providing retail investors with $4.4 million in savings (through March 31, 2014). The program is available for all NYSE-listed and NYSE MKT-listed issues as well as more than 180 of the highest volume Nasdaq-listed stocks.
The success of the NYSE Retail Program is a byproduct of our partnership with the wholesaler community, retail brokers, liquidity providers and our common goal to improve the execution experience for retail investors.
Vice President, Strategic Analysis
Apr 17 2014 | 8:24 AM
Ahead of the Bell: Dow futures are trading down 13 points and S&P futures are trading down 2 points. The threat of a civil war in Ukraine and disappointing quarterly results from IBM and Google might unnerve investors already shaken by a strong recent selloff in tech stocks. Since early March, the tech-heavy sector has declined over 6%, underscoring the challenges internet and IT companies face as corporate results are due this week. IBM blamed lower than expected earnings on weak demand from emerging markets, while Google reported margins narrowed on declining advertising. Reports indicate pro-Russian forces attacked a Ukrainian national guard base overnight and Kiev said three separatists were killed. Fed Chair, Janet Yellen said achieving the central bank's economic goals "will likely require low real interest rates for some time."
Director, Market Watch & Corporate Actions
Apr 16 2014 | 4:33 PM
US equities pressed higher for a third straight day, with the Dow rising 162 points on Wednesday as improved sentiment surrounding Q1 earnings helped boost the broader markets. Also in focus was a slew of macro data out of China, mixed US economic data, and comments from Fed chair Yellen. All major S&P 500 sectors rose, with Materials and Industrials topping gains. Utilities and Healthcare somewhat lagged. Gold and Oil are fractionally higher while the greenback is relatively unchanged.
Similar to a speech earlier this month, Fed Chair Yellen highlighted the considerable slack in the labor market and heightened concerns about inflation discussed in both the March FOMC statement and minutes. She noted that she sees the chances of inflation rising substantially above 2% as significantly below the chances of it persisting below 2%. Overall takeaways seemed fairly dovish.
Specialist, Market Watch
Apr 16 2014 | 2:46 PM
U.S. equity markets rebounded after a weak performance last week and appear to be holding support levels set back in November 2013. Some positive results from financial bellwethers and solid economic data have fueled the positive sentiment. Here are three things that have driven the market this week:
Quite a few high profile names announced results this week, particularly in the financial sector. Citigroup shares rallied on Monday after the bank reported better than expected quarterly results which topped estimates on both lines. On Tuesday, Charles Schwab also saw their shares trade higher after beating estimates on both EPS and revenues. Wednesday results painted a different picture, with both Bank of America and Credit Suisse shares trading lower after disappointing EPS misses. Next week we will expect results from a wide range of companies including Halliburton, Travelers, AT&T, and Juniper Networks.
Managing Director, Global Corporate Client Group
Apr 16 2014 | 10:05 AM
From The Trading Floor: This morning we are getting an early bounce in equities, not dissimilar to yesterday, on good earnings and economic reports
- Mortgage Applications for the week ending April 11th rose by 4.3%
- Housing Starts for the month of March rose to 946,000 from the revised 920,000 the month earlier but fell a little shy of consensus.
- Industrial Production rose by 0.7%, more than forecast in March after a February gain that was twice as big as previously estimated.
- The Fed releases the Beige Book results at 2:00
- Moeils & Co. (MC) priced 6.5 million shares at $25. It opened at $27.00 on a print of 618,038 shares.
- China's GDP growth slowed to its lowest level in 18 months in Q1, moderating to 7.4% on year from 7.7% in Q4 but topping forecasts for 7.3%. The figure is below the government's target of 7.5%
- Ukrainian troops have entered the center of...
Managing Director, The Capital Markets Desk