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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: stock exchange

stock exchange stories: 12 news summaries

 SEC Moves to Ban 
 Lightning-Fast Trading 

Flash orders let big investors buy and sell in milliseconds, harming slower traders

(Newser) - The SEC is seeking a ban on the financial technique known as flash orders, a controversial method in which powerful computers survey other investors' trades and adjust strategies within milliseconds to turn a profit. SEC head Mary Schapiro said that flash orders "may create a two-tiered market" since only... More »

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(Newser) - A car bomb blast outside the Athens stock exchange damaged the building and injured a female pedestrian, the BBC reports. A second bomb detonated outside a government building in Thessaloniki, causing minor damage and no injuries. The blasts are suspected of being the work of Greek extremist group Revolutionary Struggle.... More »

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 Indian Stocks 
 Soar 17% on 
 Election Win 

Congress victory sends shares soaring; trade suspended

(Newser) - The benchmark Indian stock index soared an unprecedented 17% this morning as investors voiced their resounding approval of the Congress Party's electoral victory. Trading on the Sensex had to be suspended within seconds of opening after a 1,300-point surge; following a two-hour delay, the index jumped again and was... More »

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 Soaring Iraq Stock Market 
 Gets Electronic Trading 

Booming exchange will do away with writing prices on whiteboards

(Newser) - Stock traders in Baghdad are preparing for a bonanza: the introduction of electronic trading, which will replace the current system of writing prices on whiteboards, reports the Times of London. Iraq's market has risen 30% this year as improved security and dirt-cheap prices—the most expensive stock costs about 9... More »

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UPDATED
(Newser) - Stocks sprinted out of the gates today, the Wall Street Journal reports, spurred by the Treasury’s long-awaited toxic asset plan. The Dow was up 316 just after noon, while the Nasdaq and S&P 500 added 4.1% and 4.5%, respectively. Banking stocks were the biggest winners, with... More »

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MARKET Open
(Newser) - Stocks took a dip at the open today, as investors awaited news on how the remaining $350 billion of the $700 billion bank rescue will be spent. The Dow shed 56 points, while the Nasdaq and S&P inched down 0.2% and 0.7%, respectively. GM’s shares were... More »

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Brazilian Trader Shoots Himself at Exchange

He clings to life after suicide attempt in wake of plunging market

(Newser) - A Brazilian trader was in critical condition after shooting himself in the chest on the floor of the nation's commodities and futures exchange yesterday. The tragedy occurred in the raucous interest rate futures pit, where some $21 billion in contracts are traded daily. Brazil's main stock index has plunged 50%... More »

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Medvedev Urges Calm in Russian Market Crisis

With stocks off big,
bank chief warns of
lack of liquidity

(Newser) - The Russian economy is skidding, and its leaders are giving somewhat contradictory messages, the AP reports. Shortly after President Dmitry Medvedev assured the public today that stock-market troubles don’t “reflect the actual state of the economy,” the chairman of the country’s central bank said “as... More »

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NYSE To Buy Rival Exchange

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... More »

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Computers Thin Ranks of NYSE Floor Traders

Iconic backdrop 'dead'
as shares trade electronically

(Newser) - The famously frenetic NYSE trading floor is rapidly becoming history as more efficient computer trading replaces human traders. With most of the exchange's trading rooms shuttered, only two trading halls stay open to the 1,500 remaining traders, whose numbers are dwindling, AFP reports. "The floor as we knew... More »

Dow Tumbles Over 380 Points

Year's second-worst loss falls on heels of solvency fears

(Newser) - The Dow Jones lost nearly 3% of its value today, tumbling 387.18 points to 13,270.68 in the second-worst drumming of the calendar year. Trading curbs were in place early, after BNP Paribas froze funds that took a bath in the US credit market and Chinese exchanges crashed... More »

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(Newser) - The stock market swept aside sub-prime anxieties today to surge past the 14,000 mark; the 82.19-point run-up was fueled by strong results from IBM and Exxon Mobil. It was the 32nd record close for the Dow Jones Index this year, and—with just 58 trading days since the... More »

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12 Stories