Computer malfunctions shook American equity trading for the second time this week, freezing thousands of securities listed on the Nasdaq Stock Market for three hours and raising fresh concerns about the fragility of exchanges.
Deutsche Boerse AG and NYSE Euronext settled shareholder lawsuits challenging the $9.53 billion buyout of the parent company of the New York Stock Exchange by offering to pay $910 million in dividends earlier this month, court papers show.
Nasdaq OMX Group Inc. halted trading for three hours yesterday to protect the integrity of markets as a technology malfunction left some investors without stock quotes, Chief Executive Officer Robert Greifeld said in his first public remarks since the incident.
NYSE Euronext has submitted a rule filing to the U.S. Securities and Exchange Commission that modifies its guidelines for dealing with erroneous trades in the U.S. options market, according to a person familiar with the matter.
Alibaba Group Holding Ltd. is moving toward an initial public offering in the U.S. after talks for a Hong Kong listing broke down following management’s proposal to keep control in a share sale, according to two people familiar with the matter.