Twitter Inc., the microblogging service, is leaning toward listing its shares on the New York Stock Exchange as it prepares for an initial public offering, according to a person with knowledge of the matter.
Nasdaq OMX Group Inc. is developing plans to better communicate with companies listed on its exchange and identify systems that need improvement after a technical malfunction halted trading last week, according to a letter sent to clients.
Stocks and commodities rose as Europe’s leaders reached a budget agreement, China’s trade expanded more than estimated and companies posted better-than- forecast earnings. Spanish bonds gained and the yen rallied.
The New York Stock Exchange stopped trading in 216 securities yesterday and canceled their closing auctions because of an outage in a computer that matches buy and sell orders and process transactions.
As market officials told the public last week they planned to open after Hurricane Irene, the New York Stock Exchange worked on contingency plans that would have moved its trading to an electronic venue.
A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.