May 3 (Bloomberg) — Royal Bank of Canada, Bank of Montreal and five other Canadian banks plan to start a new stock trading system to compete with TSX Group Inc.’s Toronto Stock Exchange. TSX shares had their biggest drop in more than 19 months.
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New Tokyo trading error costs ¥500 million
Daiwa Securities, the Japanese brokerage, lost almost ¥500 million after placing an erroneous sell order on the Tokyo Stock Exchange early Friday, officials said.
Research In Motion Drops in After-Hours Trading on Earnings News
After the market close, Research in Motion Limited (RIMM) announced fiscal fourth-quarter earnings of %24187.9 million, or 99 cents per share ( Read More )
Thain Failure to Rescue Merrill Shareholders Messes Mr. Fixit
Dec. 22 (Bloomberg) -- On John A. Thain ’s first day running Merrill Lynch & Co. last year, he pledged to live up to his reputation as “Mr. Fixit,” a nickname earned during his prior job rescuing the New York Stock Exchange. Read more here
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