Industry News

Nasdaq OMX Q2 results defy forecasts

Second quarter profits of the NASDAQ OMX Group—the second-largest U.S. equity exchange operator—rose 1.1%, reports Financial Times. Gains from its non-core trading business, including market data and broker services, helped limit a 3.7% decline in revenues from its core US equity cash trading business. Overall, net revenues fell 1.6% to $688 million. The company results […]

By Staff |July 26, 2012

1 min read

Ontario rep fined $20,000 for unauthorized trading

An IIROC hearing panel has accepted a settlement agreement including sanctions between its staff and Michael Reid Ast. Ast admitted to engaging in discretionary trading over two decades—with clients’ consent, but without obtaining the necessary prior written authorization from the clients or his firm. Ast confessed to the following violation: Between 1991 and 2009, he […]

By Staff |July 26, 2012

1 min read

HighView buys Bull Wealth Management

HighView Financial Group has moved to acquire all outstanding shares of the Bull Wealth Management Group of Companies from the Swiss Private Banking group, EFG International.

By Staff |July 26, 2012

1 min read

Reuters to snap up brand protection firm

Thomson Reuters has signed a deal to purchase MarkMonitor, a company that provides online brand protection. The acquisition is subject to regulatory approvals. Terms of the transaction were undisclosed. “We’ll be able to deliver advanced technologies to keep customers one step ahead of brandjackers and reduce the enormous risk posed to brands online,” says David […]

By Staff |July 26, 2012

1 min read