The floor of the New York Stock Exchange. (Photo credit: Wikipedia)
NYSE Floor Brokers now have an efficient cross capability on their NYSE eBroker Hand Held Device (HHD). The Cross Function allows NYSE Floor Brokers to cross block sized transactions of at least 10,000 shares or a market value of $200,000 or more right from their HHD.
Combined with a Floor Broker’s traditional ability to source liquidity and provide price discovery, the...
Stocks soared today although investors digested mixed economic reports and on-going concerns about the Cyprus bailout. The euro edged higher against the U.S. dollar but remained near four-month lows as there is continued trepidation over the rescue plan for Cyprus.
On the economic front, Durable Goods Orders moved up 5.7% as demand for transportation equipment bounced back.
Consumer Confidence index fell to 59.7 as Americans turned more pessimistic about economic possibilities in the short term. The decline is attributed to higher payroll taxes and higher gas prices.
New Home Sales declined 4.6% which followed a 13.1% advance in January. Sales are up 12.3% compared to a year ago.
The cold weather is keeping buyers away from spring seasonal items as the ICSC-Goldman’s Same Store Sales dropped 1.7%.
Representatives from Brookfield Mortgage Opportunity Income Fund will visit the New York Stock Exchange (NYSE) today to commemorate the Fund’s IPO and first day of trading on the NYSE under the ticker symbol, “BOI.” To celebrate the occasion, Managing Director Michelle Russell-Dowe and Director Brian Hurley will ring the NYSE Closing Bell®.
About Brookfield Mortgage Opportunity Income Fund:
The Fund's investment objective is to provide high total investment return by providing a high level of current income and the potential for capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in Mortgage-Related Investments. Under normal market conditions, as a principal strategy, at least 80% of the Fund's Managed Assets will be invested in Mortgage-Related Investments (the "80...