Tech Stocks: Nokia Still Trading Higher

Today, the company’s range of services includes a global connection to the world’s commodities futures & foreign exchanges. “We now clear our clients’ trades through five major clearing houses. Our clients have a choice between several of the industry’s top-of-the-line trading platforms and experienced professional brokers,” said Mike Levy, President at Cannon Trading. “Our business model has been and always will be based on giving our clients the resources they need; whether that is providing a large variety of platform options to suit their needs, or bringing competitive trade pricing to retail and institutional traders. Our diversification between multiple Futures Commission Merchants helps us provide our clients with an impressive variety of products and choices,” he added.

Trading Forex – Exotics As Carry Do business.

(Photo: Mikko Stig AP) SHARECONNECT 46 TWEET COMMENTEMAILMORE Nokia shares continue to trade higher following their acquisition by Microsoft. Let’s take a look at the tech stocks to watch Wednesday. Nokia up. It’s not the 31% surge that closed the markets Tuesday, but shares of the Finnish smartphone maker are up 2% in pre-market trading after Microsoft snagged their handset business for $7.2 billion.

China Everbright fined for insider trading

Previously, regulators and high-speed traders alike had argued that the “latency” problem could never completely go away, because information can never be disseminated by all exchanges at precisely the same instant to all investors. The authors suggest that the perpetual motion tape be replaced by a stop-motion tape. Instead of a continuous, free-for-all market, the session would take the form of a series of lightning-fast-auctions at intervals of a few milliseconds. This would give exchanges a reasonable amount of time to disseminate information (most only take a few thousandths of a second to catch up on the “direct access” feeds). It would also give traders a reasonable amount of time to place bids and offers on a given stock. The average investor would not see the difference because prices on active stocks would still be changing many times per second.

Trading glitch, again, for Nasdaq

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Cannon Trading Co, Inc. Celebrates 25 Years of Futures Trading Services

Everbright president Xu Haoming stepped down earlier in the middle of the government investigation. News of the securities watchdog’s fines caused shares of Everbright Securities to tumble 10% at market open on Monday, the daily limit allowed on the Shanghai Stock Exchange. The China Securities Regulatory Commission began investigating Everbright after a systems glitch bombarded the market with erroneous buy orders on Aug. 16, sending the Shanghai Composite Index up by 6% in a matter of minutes. After realizing its mistake, Everbright tried to fix the error by taking short positions in index futures and exchange-traded funds, even turning a profit of 87.2 million yuan before disclosing the computer systems gaffe, according to the government.

Stocks are little changed in early trading as White House presses case for action in Syria

Stock futures were mixed Wednesday, Sept. 4, 2013, with the U.S. moving closer to a military confrontation in Syria By Associated Press, NEW YORK Stocks are mixed in early trading as the White House presses its case for military action in Syria. A Senate committee could vote on authorizing the use of force as early as Wednesday. More business news More business news The Dow Jones industrial average edged up six points to 14,815 points in the first few minutes of trading. The Standard & Poors 500 index was up a fraction of a point at 1,641.

Make $377,000 trading Apple in one day

The outage is the latest technical difficulty to hit the exchange, which endured a three-hour trading outage on Aug. 22. That outage was also blamed on the exchange’s price quote disseminating system. Last year, the exchange played a role in the botched IPO of Facebook. Investors were left unsure of whether their orders had been filled for hours after trading began, watching helplessly as the price soared and then plunged.


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