Business Wire is considering whether to encourage corporations that distribute press releases through its service to delay sending announcements until a few minutes after 4 p.m. New York time, reducing the odds of altering their stock’s closing price.
A majority of the five-member U.S. Securities and Exchange Commission wants the agency to review whether stock exchanges should continue to have regulatory roles that include overseeing members who may run competing venues.
Bats Global Markets Inc.’s merger with Direct Edge Holdings LLC will put a broker-owned stock exchange operator in the top ranks on Wall Street for the first time since NYSE Euronext and Nasdaq OMX Group Inc. went public.
While stock markets around the world are closed for Good Friday, the U.S. Labor Department will publish its monthly employment report today at 8:30 a.m. New York time. That means another early morning for Wedbush Securities Inc.’s Michael James in Los Angeles.
Intercontinental Exchange Inc. will circumvent a barrier to its bid for NYSE Euronext by appealing to shareholders who can pressure their board to waive an ownership cap, said ICE Chief Executive Officer Jeff Sprecher .
Mexico’s five-hour stock trading stoppage yesterday was caused partly by a connection failure with a component bought from a unit of NYSE Euronext, said Luis Tellez, chief executive officer of the country’s exchange.