A computer malfunction at IntercontinentalExchange Group Inc.’s two U.S. options exchanges yesterday caused almost 20,000 erroneous trades that were later canceled.
Author Michael Lewis was sued by Wing Chau, president and principal of Harding Advisory LLC, who accused the writer of defaming him in his 2010 book “ The Big Short: Inside the Doomsday Machine .”
Lehman Brothers Holdings Inc. lost a bid to recover an alleged $11 billion “windfall” from Barclays Plc ’s purchase of its defunct brokerage unit when a judge ruled the transaction was fair.
NYSE Euronext canceled some options trades tied to three of the most-watched U.S. equity indexes after determining they were mistakes.
The nemesis of Wall Street’s high- frequency traders operates out of an apartment-sized office above the Bliss Salon -- manicure/pedicure $45 -- on Elm Street in the Chicago suburb of Winnetka.