Showing posts with label wall street. Show all posts
Showing posts with label wall street. Show all posts
10:02 PM
Market participants are trying to come to grips with technology glitches. These glitches have the potential to destabilize the markets. Electronic trading errors and how they can be prevented is being looked at again. Best practices and deployment are among the policies to ensure market participants have better systems.
These are the 5 biggest problems with the U.S. equity markets:
A kill switch approach might be the most widely accepted approach to the problem. A kill switch at the exchange level that could halt trading if a broker-dealer exceeded a certain peak net volume threshold has been discussed among several working groups.
More oversight and testing has been needed to enforce a market-wide framework. Perhaps collaboration on algorithms isn't possible, but on a kill switch.... well, just maybe.
These are the 5 biggest problems with the U.S. equity markets:
- It's extremely fragmented.
- High-frequency traders supply 40 to 60 percent of the volume traded.
- Mini-flash crashes are erupting in stocks on a daily basis.
- Algorithms are rushed to the market and may not be adequately tested.
- The SEC lacks a much-needed consolidated audit trail to police all trading activity.
A kill switch approach might be the most widely accepted approach to the problem. A kill switch at the exchange level that could halt trading if a broker-dealer exceeded a certain peak net volume threshold has been discussed among several working groups.
More oversight and testing has been needed to enforce a market-wide framework. Perhaps collaboration on algorithms isn't possible, but on a kill switch.... well, just maybe.
3:57 PM
FedEx (FDX) traded at an all-time high today, up 8.64, translating into a 6.16% gain on a volume of 5.6 million shares. A $.20 dividend will be paid to shareholders of record as of June 19, 2014.
Their May ended quarter results were much better than expected at $2.46 per share. The FedEx air fleet has been able to use new Boeing 777 planes which are efficient energy users.
The company's strengths are seen in many areas as an article in thestreet.com points out.
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| chart from money.cnn.com |
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| Boeing 777 |
5:01 PM
The DJIA, Nasdaq, and S&P 500 all closed higher. Nasdaq led it all.
Tesla and Netflix both had good days.
Core inflation rose 0.3% from last month.
Asian stocks were mixed.
Source: article from money.cnn.com
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| Nasdaq Chart from cnn.com |
Core inflation rose 0.3% from last month.
Asian stocks were mixed.
Source: article from money.cnn.com
9:45 PM
Wall Street benefited from the Eurozone headline fatigue Tuesday the 5th of June. The European Central Bank rate decision is tomorrow the 6th. What do the eurocrats have in the central system pipeline? We'll soon find out.
The waiting game is on for U.S. stocks. After an impressive first quarter in 2012,the engines haven't really hit higher rpm's in the second quarter. The bias is negative and there is no news. No news is good news.... right?
Federal Reserve Chairman Ben Bernanke is heading to Capital Hill on Thursday. QE3 rumbling seems to be getting louder, but nothing definitive. Pullbacks could bring more money into the market, and we'll see.
The Fed meets on June 19 and 20.
The waiting game is on for U.S. stocks. After an impressive first quarter in 2012,the engines haven't really hit higher rpm's in the second quarter. The bias is negative and there is no news. No news is good news.... right?
Federal Reserve Chairman Ben Bernanke is heading to Capital Hill on Thursday. QE3 rumbling seems to be getting louder, but nothing definitive. Pullbacks could bring more money into the market, and we'll see.
The Fed meets on June 19 and 20.