Once-Frenzied NYSE Traders Twiddle Thumbs

Name of the new entity in question

(NEWSER) - Deutsche Böerse AG, the company that owns the Frankfurt Stock Exchange, has agreed to merge with NYSE Euronext, the company that owns the New York Stock Exchange, forming a new as-yet unnamed entity, the companies announced today. Deutsche Böerse will own 60% of the new company, which will be the world’s largest financial exchange group, the Wall Street Journal reports. More»

(NEWSER) - Traders using high-speed computers are making billions of dollars and leaving the rest of the stock market in the dust, the New York Times reports. "High-frequency" traders, who use algorithms to make millions of trades in microseconds, have helped big banks and hedge funds bounce back quickly, but critics say the rise of the robots is threatening market integrity. More»

Deal will save the struggling American Stock Exchange

(NEWSER) - The Big Board is about to get a bit bigger: The parent company of the New York Stock Exchange agreed today to snap up its smaller rival, the American Stock Exchange, for $260 million in stock, the Wall Street Journal reports. The deal ends a rivalry that began during the colonial era and unites two towers of the American financial system. More»

Will hedge-fund legend Victor Niederhoffer go broke again?

(NEWSER) - Victor Niederhoffer is many things: a champion squash player, a family man (six children from two wives and a mistress), a blogger, and a math prodigy. But mostly he is a trader. He amassed huge wealth working with George Soros in the 1980s, losing it all in 1997. He began rebuilding in 2003, had huge success, and may be on the verge of losing it all again. More»