The London Stock Exchange introduced a Larger Size Market Maker scheme designed to encourage liquidity at greater sizes and tighter spreads in both order and quote driven trading. The scheme, which builds on and formalises Market Maker incentives that currently exist on SETSmm, will apply to trading in all equity shares outside of the FTSE350 whether traded on the order book or via a market maker.
The New York Stock Exchange today released its weekly program-trading data submitted by its member firms. The report includes trading in all markets as reported to the NYSE for Oct. 23-27.
“The NYSE Hybrid MarketSM provides customers unparalleled choice and flexibility in trading NYSE-listed securities, while maintaining the Exchange’s hallmarks of best price and superior market quality,” said NYSE Group, Inc. (NYSE: NYX) Chief Financial Officer and Executive Vice President Nelson Chai, who addressed the Keefe, Bruyette & Woods Securities Brokerage Conference this morning in New York. “With more than 100 NYSE-listed stocks now active in the Hybrid Market, measures for market quality and operational performance are very positive.”
Internet access services in Asia Pacific continue to see aggressive revenue growth, mainly as a result of the growing migration to broadband services. Internet access, especially broadband, is crucial for fixed line service providers to reclaim lost fixed lines and maintain core revenues.
Expansion of electronic products manufacturing in China primarily drives the Chinese semiconductor market. With the rapid growth of the electronic products manufacturing industry, the decentralization and rapid variation of clients’ demand harasses semiconductor suppliers. They need to identify their key clients, catch their specific requirements and provide integrated solutions.
Product and technology leadership, coupled with a strong North American manufacturing presence, are keys to LG Electronics' fast growth in the United States, according to the company's North American chief executive.
Small business owners are expressing optimism for 2007, saying they expect their companies to grow at a faster clip than this year, according to results of Administaff's Business Confidence Survey released today. These executives also said they plan to increase their workforce, give raises and invest in their companies in the coming year.
MasterCard Incorporated today announced financial results for the third quarter of 2006. The company reported net income of $193 million, or $1.42 per share. Net revenues for the quarter were $902 million, a 13.9% increase versus the same period in 2005. Currency fluctuations (driven by the movement of the euro relative to the US dollar) contributed approximately 1% of the increase in revenues for the quarter.
Companies most attuned to security issues are those with the most exposure to a broad range of security risks, according to a survey by The Conference Board, sponsored by the U.S. Department of Homeland Security.
In a survey of nearly 3,000 active Internet users across the country, ROMIR Monitoring found that 95% of RuNet users prefer making purchases in specialized stores vs. 23% who said they were customers of Internet stores.
