Market Insights

Knight Capital receives lifeline after trading error

Knight Capital Group—the firm responsible for last week’s stock market mayhem—was offered a US$400 million lifeline from other Wall Street companies yesterday. But, the handout comes at a steep price. Knight says it will get the cash infusion from an investor group led by Jefferies Group, as well as Blackstone, Getco, Stephens, Stifel Nicolaus and […]

By Wire services |August 7, 2012

3 min read

Industry

IIROC revamps strategic plan

The Investment Industry Regulatory Organization of Canada (IIROC) has issued its new Strategic Plan for the period 2012 – 2015. “This Plan will guide IIROC’s efforts to strengthen investor protection and stakeholder confidence in the integrity, fairness and competitiveness of Canada’s capital markets,” says Susan Wolburgh Jenah, IIROC president and CEO. IIROC developed its first […]

By Staff |August 3, 2012

1 min read

Industry

Resource-heavy funds see gains in July

After four consecutive months in the red, resource-heavy equity funds in Canada offered healthy gains at 2.4% in July, finds Morningstar Canada. Read: Equity sectors face losses in May “[News] the ECB will ‘do whatever it takes’ to keep the common currency intact was enough to raise the price of gold and oil by 3% […]

By Staff |August 2, 2012

2 min read