Johan Levavasseur, a former SAC Capital Advisors LP portfolio manager, left the $14 billion hedge-fund firm for Israel Englander’s Millennium Management LLC, according to three people with knowledge of the matter.
On the morning of Sept. 12, executives of the nation’s major stock and options exchanges traveled to Washington to meet with Securities and Exchange Commission Chairman Mary Jo White. The summons was prompted by a rash of technical glitches on the exchanges, the most glaring of which hit on Aug. 22, when a software failure forced the Nasdaq to halt trading for three hours.
NYSE Euronext and Nasdaq OMX Group Inc., ordered by regulators to make U.S. equity markets more reliable, are considering improvements that include acting as each other’s backups on data feeds that disseminate prices, according to two people briefed on the matter.
On an April afternoon in 2009, in his home office near Austin, Texas, John Bird was hunched over his computer trying to figure out if a Chinese company some 6,500 miles away was anything close to what it claimed to be.
Muriel Siebert, whose success as one of Wall Street’s early, influential female analysts earned her the contacts and nest egg to become the first woman to buy a seat on the New York Stock Exchange, has died. She was 84.
Nasdaq Stock Market can rely on legal protections afforded exchange operators to avoid paying damages to firms that lost money on Facebook Inc., the former chief executive officer of the American Stock Exchange said.
A programming error at Goldman Sachs Group Inc. caused unintended stock-option orders to flood American exchanges this morning, roiling markets and shaking confidence in electronic trading infrastructure.
At a time when more than one in five U.S. insider-trading cases involve health-care stocks, the industry’s companies say their policies designed to prevent abuse are sufficient -- or they refuse to publicly discuss the issue at all.
The Bank of [bn:WBTKR=BKCN:IND] New York Mellon China ADR Index , which tracks American depositary receipts, rose 0.7 percent to 387.90. [bn:WBTKR=CZH:IND] The American Stock Exchange China Index  gained 0.5 percent to 206.80. The Shanghai Composite Index declined 0.3 percent to 2,900.331.