Americas Archive

Following the temporary suspension of Knight Capital Americas' market making activities from NYSE Euronext after a US$440 million software glitch, the exchange will return the broker’s responsibilities Monday 13 August. read more>

UBS will seek legal action against Nasdaq OMX after revealing a CHF 349 million (US$350 million) quarterly loss in its US equities business that was mainly driven by the botched Facebook IPO. read more>

Knight Capital Group has said that software glitches it encountered yesterday at the open of trading have led to pre-tax losses of US$440 million. read more>

The liquidity provided by high-frequency traders in highly liquid stocks may be costing institutional investors more than they think, according to new research from US-based trading technology firm Pragma. read more>

The Maple Group, a consortium of 12 Canadian financial institutions, has received the required support from shareholders of Canadian exchange group TMX to complete a takeover of that company. read more>

Citi has appointed David Silber as head of flow equity derivatives sales and Peter Lambrakis as head of equity derivatives trading. read more>

Agency broker ITG has added an overlay to its Hedge Pro algorithmic strategy which lets users better manage portfolio risk. read more>

NYSE Liffe US, the futures exchanges operated by NYSE Euronext, last week traded US$100 billion worth of futures based on a new index it claims could be a strong alternative for LIBOR. read more>

Nasdaq OMX has withdrawn plans to reimburse investors disadvantaged by the botched Facebook IPO by discounting trading fees, opting instead to pay all compensation in cash. read more>

As the original date for Volcker rule compliance passes, further clarity is still needed over the looming regulatory landscape Dodd-Frank is finally poised to create two years on from drafting. read more>