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Are the high-profile technical glitches experienced by firms like Knight Capital, Nasdaq and BATS actually good for the health of the capital markets?Some experts think so.The first major blowup came when alternative-trading firm BATS priced it IPO, only to withdraw it after a disastrous technical glitch. Then came Nasdaq OMX Group (NASDAQ:NDAQ) experiencing major system problems when it was inundated with orders for Facebook (NASDAQ:FB) shares during the IPO. Most recently, a glitch at Knight Capital Group (NYSE:KCG) caused chaos with stock trades, nearly bringing the firm down.Surely ugly for the companies involved, all of these issues are examples of what can go wrong without proper risk procedures in place. "What happened at Knight Capital will prove to be great for capital markets," said Harpal Sandhu, co-founder and CEO of Integral Development Corp., a firm that develops risk management, analysis and foreign exchange trading software used by many different institutions, including...
FBN’s Robert Gray on Yahoo’s lawsuit against Facebook over 10 patents.
CME Group Inc. (CME) said Monday that Chief Executive Craig Donohue would step down at the end of the year in a surprise shake-up of the leadership at the world's la...
CME Group said late Monday Chief Executive Officer Craig Donohue will step down at the end of 2012 when his contract expires. As part of the succession process, the ...
Futures exchange operator CME Group (NYSE:CME) said Monday that Craig Donohue, its chief executive since 2004, will step down at the end of the year. In a press rele...
CME Group Inc. (CME) on Thursday unveiled fresh efforts to rebuild confidence after the collapse of MF Global Holdings (MFGLQ), boosting its dividend and creating a ...
CME Group Inc. (CME) announced plans Thursday to beef up protections for some customers through a new $100 million fund that will back losses sustained by "family fa...
FBN's Charlie Gasparino breaks down Jon Corzine's testimony from Thursday on MF Global.
FBN’s Charlie Gasparino on the growing evidence that MF Global intentionally misused client funds.
Investment bankers who found the now famous co-mingled client accounts leading to the disappearance of client money when examining MF Global's books in the days befo...
FOX News Legal Analyst Arthur Aidala breaks down the possible legal actions to be taken against MF Global.
By Ann Saphir and Douwe MiedemaBankrupt brokerage MF Global Holding Ltd <MF.N> failed to protect customer accounts by keeping them separate from its own funds, a top...
MF Global Holdings Ltd, the futures broker that filed for bankruptcy protection on Monday, failed to keep its customers' accounts separate from the firm's funds, its...
Leaders of exchange operator CME Group Inc. (CME) said on Wednesday that they acted properly and in accordance with bankruptcy laws following the collapse of brokera...
CME Group Inc Chief Executive Officer Craig Donohue, who has led the exchange operator since 2004, will leave the company, probably before its annual meeting next mo...
TAKING THE PULSE: Tumbleweeds rolled through financial markets through the first quarter as more investors headed for the sidelines of stock and derivatives markets ...
The incoming chief executive of CME Group Inc. (CME) is expected to maintain the exchange operator's focus on international alliances and expanding market services, ...
Jon Corzine ’s future job prospects on Wall Street may look bleak, but a newly proposed rule may ensure the former New Jersey governor won’t be forgotten anytime soo...
"I'm a plumber, and I'm proud of it," Walt Lukken, the new president of the Futures Industry Association, told assembled media at the opening of the derivatives trad...
BOCA RATON, Fla. -( Dow Jones )- Top executives of the world's largest futures exchanges on Wednesday defended their management of the collapse of MF Global Holdings...
