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Nasdaq Amends Opening Auction for Retail Interaction - Vimarsana News

Nasdaq Amends Opening Auction for Retail Interaction

Exchange now disseminates data 3 minutes earlier and allows for more flexibility in buy-side interaction.

Top finance news: Goldman CEO wants staff in office; Bank of America job cuts - Vimarsana News

Top finance news: Goldman CEO wants staff in office; Bank of America job cuts

TIAA named Thasunda Brown Duckett as its next president and CEO. She will join the firm on May 1 from her current employer,  JPMorgan Chase, where she has served as CEO of Chase Consumer Banking. At TIAA, Duckett will succeed  Roger Ferguson, who is departing the firm after 13 years as chief executive. JPMorgan co-president and COO Gordon Smith said in an internal memo that, in the meantime, leadership of the consumer bank will report in to him and that the firm will announce plans around succession shortly.  Maverick Capital executive  Andrew Warford is leaving the $9 billion hedge ...

PureStream raised $14 million to transform how giant orders get traded - Vimarsana News

PureStream raised $14 million to transform how giant orders get traded

Noam Galai/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. A quartet of ex-Goldman Sachs trading execs have raised $14 million to build a new trading venue. Investors include Goldman, Bank of America, AllianceBernstein and Nasdaq Ventures. It allows investors to trade large blocks of shares without moving markets. A new trading venue that aims to make it easier for large investors like mutual funds and hedge funds to trade blocks of stock is preparing to go live ...