Money Central Logo Money Central
1
CHICAGO (MarketWatch) -- A new block-trade execution venture from NYSE Euronext is set to open for business in the coming weeks, according to a senior official. The New York Block Exchange, developed by NYSE Euronext and broker-dealer BIDS Holdings LP, anticipates an "imminent" launch after two months of beta testing, said Tim Mahoney, chief executive of BIDS Trading. The venture is part of NYSE Euronext's effort to fend off competition from dark pools, where large orders are transacted away from the open market.



1
Some of Switzerland’s private banks have banned their executives from traveling outside the country out of fear they could be nabbed by tax authorities as part of a global crackdown on bank secrecy, the Financial Times reports Friday.



1
U.K. shares move slightly higher Friday, with Barclays helping to pull the banking sector higher after a report that it won’t need further capital.



1
The Nasdaq Composite's strength relative to the Dow Jones Industrial Average is quite striking. Unfortunately, those who see this as a bullish sign are committing several major errors.



1
The first insult on top of an injury was having to pay capital-gains tax on the appreciated stock your mutual-fund manager sold last year to cover shareholder redemptions. You footed that bill even though the fund itself lost money.



1
Hedge funds and other private investment firms weren't the main cause of the current financial crisis, but they shouldn't be exempt from tighter regulation of financial markets, representatives of the $1.5 trillion hedge fund industry say.



1
Treasury prices extended earlier gains Thursday afternoon after the U.S. government received decent demand for a record sale of 7-year notes, temporarily putting to rest fears that the government may have trouble finding buyers for its massive debt plans this year.



1
The Holland operations of Fortis lost 18.5 billion euros ($25 billion) last year, mostly on the poisoned chalice of ABN Amro that it transferred to the Dutch government.



1
U.S. stock index futures post small gains Thursday, pointing to a slightly higher open for Wall Street as traders eye upcoming economic data on weekly jobless claims and a final revision to fourth-quarter gross domestic product.



Join Our Newsletter:


What is Money Central?

Money Central is an online community of people interested in making money online, personal finance management, and all other things related to money, capitals, and investing. Here you can publish news, share information, vote for or against stories or comments contributed by other project members.

Latest Comments
Money Central RSS Subscribers