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BATS Global Markets

Report: ICE Makes Buyout to Speed Up NYSE

IntercontinentalExchange Group (NYSE:ICE) has reportedly acquired Algo Technologies in an effort to speed up the software that matches buyers and sellers at the New York Stock Exchange. By landing Algo, Atlanta-based ICE now controls a company founded by high-frequency trading experts who claim to have the industry's fastest matching engine.The news comes as regulators and Wall Street veterans continue to debate the drawbacks of high-frequency trading in the wake of Michael Lewis's claim that the U.S. stock market is "rigged" by that controversial practice .According to Bloomberg News, the system created by Algo Technologies will drive the U.S. stock and options markets at the 222-year-old NYSE, which ICE acquired last year for $10.9 billion.Neither NYSE nor Algo Technologies responded to inquires about the report.A faster matching engine, which pairs buyers and sellers, could help NYSE take business away from rivals like Nasdaq OMX Group (NASDAQ:NDAQ) and BATS Global Markets.According...

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    IPOfinancial.com President David Menlow on how the exchange ’s trading halt will impact future IPO listings.

  2. Exchange operators BATS and Direct Edge to merge

    BATS Global Markets Inc and Direct Edge Holdings said on Monday they would merge, in a deal that would create the second-largest U.S. stock exchange operator after N...

  3. BATS Global Markets , Direct Edge Agree To Merge

    Electronic-exchange operators BATS Global Markets and Direct Edge Holdings said Monday that they had agreed to merge, in a move that would create the second-largest ...

  4. BATS in merger talks with Direct Edge: WSJ

    BATS Global Markets, the third-largest U.S. stock exchange, is in advanced talks to merge with smaller rival Direct Edge Holdings LLC, the Wall Street Journal report...

  5. Aeropostale Forecasting a Deep 3Q Loss

    FBN’s Cheryl Casone on the outlook for the teen retailer.

  6. Sources: BATS , Direct Edge Mull Merger

    BATS Global Markets and Direct Edge are in talks over a potential merger that would create the No. 2 U.S. stock exchange, people close to the matter told FOX Busines...

  7. 'Flash Freeze': Nasdaq Paralyzed by 3-Hour Halt

    Trading in all $5.65 trillion of Nasdaq-listed securities was halted for more than three hours on Thursday due to a technical glitch, representing the latest stark e...

  8. BATS Suffers Glitch on Main Exchange

    U.S. exchange operator BATS Global Markets said on Tuesday afternoon its largest stock exchange was accepting orders again after an outage that lasted nearly an hour...

  9. IBM Pulls Dow Into the Red

    FOX Business: Capitalism Lives HereIBM led the Dow deep into negative territory on Tuesday as the blue-chip average receded further from record highs.Today's Markets...

  10. U.S. regulators scrutinize risk controls for high-frequency trading

    U.S. regulators are taking a deep look at automated trading firms to determine whether adequate risk controls are in place to prevent major technology glitches or at...

  11. Report: Markets at Risk by Stock Exchange Cyber Attacks

    Around half of the world's securities exchanges were the target of cyber-attacks last year, according to a paper based on a survey of 46 exchanges released on Tuesda...

  12. Newedge fined $9.5 million for failing to police high-speed clients

    Brokerage Newedge USA LLC has agreed to pay a $9.5 million fine to settle allegations by FINRA and U.S. stock exchanges that it failed to adequately monitor and prev...

  1. Threats to Investors: Dark Pools vs. HFT

    Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, bu...

  2. CME System Hacked in July

    CME Group Inc , the world's largest futures exchange operator, said Friday that its clearing service for energy and other swaps was "the victim of a cyber intrusion"...

  3. BATS , Direct Edge Merger Gets DoJ Nod

    U.S.-based exchange operators BATS Global Markets and Direct Edge said on Wednesday their proposed merger has been cleared by the U.S. Department of Justice.The comp...

  4. SEC To Question Exchange Officials On Malfunctions

    Top U.S. exchange executives will answer questions from the Securities and Exchange Commission Thursday in the wake of a technology error that halted trading on Nasd...

  5. Startups Racing to Offer Markets Speed, Security

    Startup Gemedy aims to provide the financial sector with an artificial-intelligence solution to increasingly common cyber-attacks.

  6. Nasdaq, NYSE Disagree On 'flash Freeze' Details

    Five days after a glitch caused a three-hour halt in trading of Nasdaq-listed securities, rival exchanges Nasdaq OMX Group Inc. and NYSE Euronext are unable to agree...

  7. BATS , Direct Edge Agree to Merge

    BATS Global Markets agreed to merge with Direct Edge Holdings on Monday in a deal expected to create the second- largest U.S. stock exchange behind NYSE Euronext's (...

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