In Japan, Goldman has taken a 43% share of Tokyo's electronic stock-options market by attaching Hull's complex pricing models to its own know-how.
U.S. securities regulators are expected to propose rules aimed at making the modern electronic stock market a little less prone to computer glitches.
"Everyone says we're in the capital markets business, " said Ned Bennett , chief operating officer and co-founder of OptionsXpress, an electronic stock and options brokerage.
Today his private electronic stock exchange handles roughly 265 million shares per day and 10% to 15% of all Nasdaq-listed shares, a higher share than any other of the electronic communication networks (ECNs).
"Everyone says we're in the capital markets business, " said Ned Bennett , chief operating officer and co-founder of OptionsXpress (nasdaq: OXPS - news - people ), an electronic stock and options brokerage.
As I wrote in May 2007, I first began thinking about this in 1984 when I worked on a consulting project for the New York Stock Exchange on the threat it faced from electronic stock quote providers.
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Meanwhile, Citi, Lehman Brothers, Credit Suisse and Fidelity Brokerage are working with the Boston Options Exchange to form the Boston Equities Exchange, another new electronic stock exchange that is supposed to be up and running some time this year.
Meanwhile, Citi, Lehman Brothers (nyse: LEH - news - people ), Credit Suisse and Fidelity Brokerage are working with the Boston Options Exchange to form the Boston Equities Exchange, another new electronic stock exchange that is supposed to be up and running some time this year.
Bats would save millions each year by clearing its own trades rather than sending them to other market centers, including the all-electronic National Stock Exchange in Chicago.
Waiting for the virtual gifts of electronic pixels to be received is at least as rewarding to Farmville users as seeing electronic shares of stock in their brokerage account.
Mergers between stalwarts NYSE and Nasdaq Stock Market and electronic exchanges Archipelago and Inet last year threatened extinction for the nation's regional stock exchanges, which have struggled to attract trade order flow with the boom in electronic trading.
Goldman (nyse: GS - news - people ) investment bankers were placing bets among themselves on the direction of Archipelago's stock the day before the electronic exchange announced its deal to merge with the New York Stock Exchange.
Last year, Citadel, Merrill Lynch, UBS, Credit Suisse Group, Citigroup and Morgan Stanley collectively bought up more than 80% of the Philadelphia Stock Exchange and are plowing resources into its electronic trading systems with a goal to route more stock order flow through it.
Last year, Citadel, Merrill Lynch (nyse: MER - news - people ), UBS (nyse: UBS - news - people ), Credit Suisse Group (nyse: CSR - news - people ), Citigroup (nyse: C - news - people ) and Morgan Stanley (nyse: MS - news - people ) collectively bought up more than 80% of the Philadelphia Stock Exchange and are plowing resources into its electronic trading systems with a goal to route more stock order flow through it.
Mergers between stalwarts NYSE and Nasdaq Stock Market (nasdaq: NDAQ - news - people ) and electronic exchanges Archipelago and Inet last year threatened extinction for the nation's regional stock exchanges, which have struggled to attract trade order flow with the boom in electronic trading.
Electronic trading of U.S. stock futures is expected to begin again at 4:30 p.m.
Basically, if a stock started to crash, electronic trading there was paused.
Stock exchanges face a challenge from electronic rivals doing what they do, but faster and more cheaply.
Seagate Technology, a leading provider of electronic data storage products, has seen its stock rise by more than 20% in the last three months.
U.S. stock indexes are weaker in early electronic trading.
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So there is no problem about who clears and settles in the proposed mergers between the New York Stock Exchange and Archipelago, an electronic exchange, or between Nasdaq and Instinet, another electronic exchange.
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Foti's exhaustive list of demands for documents include all of UBS' electronic and paper communications files relating to Sedona stock, its trading records, monthly stock inventories, stock loan documentation, information regarding commission payments, customer account records and research done in house related to Sedona.
The shares of diamond and jewelry concern Blue Nile (NILE) are being pounded this morning, with the stock down more than 24% in electronic trading.
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Before Merrill, he presided over an overhaul of the New York Stock Exchange, pushing it to embrace electronic trading and discard its clubby old membership system in favor of public ownership.
While stock and options trading was closed Monday, electronic futures trading was still open through the early morning and again in the evening.
Last week, McWilliams published his latest State of Technology report on the electronic manufacturing services industry and singled out Flextronics as the stock he considers a "strategic investment" in the space.
It now holds stakes in six electronic trading upstarts, even though they are reviled by the stock exchanges themselves.
London Stock Exchange confirmed it had a fault in its electronic feed that sends the prices to dealers, but it has given no further explanation.
The stock markets were jarred again last Wednesday when the electronic dealer Knight Capital went out of control and sent huge numbers of unintended orders to various exchanges.
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The site says more than three fourths of all financial exchanges surveyed support FIX in their applications, and that most major stock exchanges and investment banks use FIX for their electronic trading.
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