Equities Close
First Published Saturday, 11 July 2009 from Need to Know News
Equities finished significantly lower with the Dow down 2.5%, the S&P plunging 2.8% and Nasdaq tumbling 2.7%.
The S&P opened the session lower after the worst-than-expected NonFarm Payrolls data and continued to fall sharply in the first hour of trade. The pace of decline slowed in the afternoon but the index continued to make lower lows.
All ten sectors in the S&P500 were negative with Energy stocks plummeting 4.4% and Consumer Discretionaries falling 3.7%.
At 10am, June ISM-NonManufacturing Index is expected at 47.5 from 44. New Orders are forecast at 44.4 and Prices Paid is predicted at 46.9.
- Automated Trader Updates
Having become the first to offer Sponsored Access via NASDAQ OMX Europe last week, this week Barclays Capital became the latest investor in BIDS Trading ATS bringing the total number of investors to twelve....continued
- NYSE catalyst for HFT growth
Automated Trader's David Clayden caught up with Brian Hyndman, SVP Transaction Services, Nasdaq OMX and one of the panelists at the RTS hosted "US Equity Forum" in New York last week to find out about Nasdaq OMX's offering to the high frequency trading community. With high frequency trading now accounting for 55 to 65% of Nasdaq OMX volumes, Hyndman talks about the inherent reliability and scaleability of their platform, and cites NYSE's move from floor to electronic trading approximately three years ago as the catalyst to exponential growth in high frequency trading....continued
- BarCap goes live with Sponsored Access on NEURO
Charlotte Crosswell, President, NEURO: "We are delighted to be working with Barclays Capital in providing their clients with access to NEURO." NASDAQ OMX Europe (“NEURO”) has announced that Barclays Capital has been approved as a Sponsoring Participant....continued
- Knight expands institutional options capabilities with new hires
Knight Capital Group, Inc. (Nasdaq: NITE), has announced an expansion of options capabilities for institutional clients with the hiring of a new sales and trading team....continued
- ASX to adopt NASDAQ OMX sub-millisecond platform
The NASDAQ OMX Group and the Australian Securities Exchange Group (ASX:ASX) have announced a commitment for the delivery of ASX's next generation trading system - ASX Trade powered by NASDAQ OMX's Genium INET trading platform....continued
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