It’s Facebook Twitter IPO day! After months of SEC reviews and roadshows and profiteering, FB TWTR will finally take its place in the Nasdaq NYSE menagerie. Time to start digging up your backyard bullion stash, right? Wrong. For the average guy the Facebook IPO is strictly Like Fave, don’t touch.
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Well, this is rather peculiar. The Nasdaq stock market — the entire Nasdaq, which lists major tech firms such as Apple and Facebook — has temporarily suspended all trading due to a technical issue. The exchange sent an alert to traders at 12:14PM ET today announcing that it was halting all trading “until further notice,” according to a New York Times report. Reuters is reporting that Nasdaq will reopen trading soon, but with a 5-minute quote period. The market will not be canceling open orders, however, so firms that don’t want their orders processed once everything’s up and running should cancel their orders manually now. It’s not entirely clear what caused the issue, or how and when it will be resolved, but you better believe it’s causing some commotion on Wall Street, and could impact traders for days and months to come.
Update (2:28PM ET): CNBC and the Wall Street Journal are reporting that Nasdaq will resume limited trading beginning at 2:45PM ET.
Update (2:32PM ET): CNBC is now reporting that trading will resume with just two securities at 2:45PM ET. Full trading will begin at 3:10PM ET.
Update (3:28PM ET): It appears that trading has resumed as of 3:25PM ET.
Update (5:47PM ET): One final tweet here from CNBC. Nasdaq is claiming that today’s issues were resolved within 30 minutes. The remaining 2.5 hours were used to coordinate the re-opening.
Update (6:29PM ET): Nasdaq has issued an official statement following today’s market close. In part, it reads: “NASDAQ OMX will work with other exchanges that are members of the SIP to investigate the issues of today, and we will support any necessary steps to enhance the platform.”
Filed under: Internet
Source: Nasdaq
You know, it makes sense: an app for the one percent, tailor-made for a $1,500 headset. Fidelity’s Market Monitor app for Google Glass might just be the most impressive program to debut for the device, particularly considering the class of individual who would take advantage. In the trading world, missing an alert or notification by even three seconds could be the difference between million and millions, with this app enabling Fidelity customers to request real-time stock quotes and receive alerts dealing with companies in their portfolio. In a concept video describing what’s possible (embedded just after the break), we even see a wearer snap a photo of a Google logo, and the app translates the photo into a stock quote for GOOG.
We’re guessing that it’s only a matter of time before every other financial institution follows suit, which will likely lead to each and every CNBC anchor wearing a set whilst on air. Also, we’re hearing from a “reliable source” that both Michael Douglas and Shia LaBeouf will be joined by Arnold Schwarzenegger in Wall Street: Glass on Glass on Glass.
Source: Fidelity Labs (1), (2)
Google’s stock closed at a record high of $800 yesterday. This is the first time a technology company has passed the $800 mark. It seems that the rumors of a Google store opening by the end of 2013 came down positively in Wall Street. The stocks for Google have jumped 14 % since the begging of 2013.
Google’s stock was at $700 in October 2007, and then the economy collapse happened. Nonetheless Google’s management changed in 2011 with Larry Page becoming the CEO and has given the company a boost of almost 35 % since his taking over the seat. It seems that while Apple is tumbling down with a decrease of about $230 billion since September last, Google has been on the rise. Google creates the Android software, but distributes it to other mobile phone makers such as Samsung and HTC. This has helped manufactures cut the cost of smartphones and have been able to create stiff competition for Apple iPhones.
Google it seems has a long way to go and there is still space for going upwards. Especially with the leadership of Larry Page, the company should be in the headlines for more days to come.
By Ubergizmo. Related articles: Qualcomm Announces Snapdragon 200 And 400 Chipset, BT Tower Breaks World Record With A 320-Gigapixel Photo,
In this episode of “What could possibly go wrong?!“, allow us to introduce you to DCM Dealer. Billed as an “online trading platform,” this here project was whipped up by the same London-based investment outfit (DCM Capital) that went belly-up after losing some $40 million in assets in just one month during the summer of 2011. Granted, that was a pretty tough time in the market, and it did manage to squeeze out a 1.9 percent gain in the period it was open, but it’s still worth keeping in mind. Now, the firm is hoping to catch a second wind with a tool that mines Twitter, Facebook, and the whole of social media in order to pick up clues about the public’s view on a stock. Reportedly, it’ll spit out real-time ratings from 0 (negative) to 100 (positive), giving investors yet another “leading indicator” on what to invest in flip for a quick buck.
Founder Paul Hawtin confesses: “This is not some kind of holy grail of buy-sell signals that’s guaranteed to make you money. This is an additional layer of market information…markets are driven by greed and fear, so if you can understand fear and quantify it in real-time, you could use that to protect yourself.” We’ll leave it to the 99 percent to comment on the idea below.
Knight Capital lost $440 million in a flash on Wednesday when newly installed trading software went haywire. That’s nearly double the company’s second quarter revenue, and could be enough to sink Knight for good. More »
It might not pack the same thrill as the rumors of in-feed video, but Twitter has added clickable stock symbols on tweets. This now throws up search results for both the stock and the company, using a new ‘cash’ tag, like $FB, to differentiate from typical links and tags. As noted by TNW, it’s bad news for the founder of StockTwits, a service that offered similar functionality to gather tweet-based financial nuggets. The new feature is live across Twitter’s web client — though it hasn’t hit TweetDeck just yet — and should make discovering exactly how many millions companies have made (or lost) all a bit faster.
Filed under: Internet
Twitter quietly adds clickable stock symbols originally appeared on Engadget on Tue, 31 Jul 2012 05:22:00 EDT. Please see our terms for use of feeds.
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