Tag: Equities

Wall & Broadcast Reveals Another Side of Wall Street in New Podcast Series

NEW YORK & LONDON, Sept. 14, 2016 (GLOBE NEWSWIRE) — Bringing to life the untold stories of Wall Street, the new podcast Wall & Broadcast officially launches today on TabbFORUM, the global capital markets site created for peer-to-peer thought leadership on current industry issues. Co-hosted by TABB Group COO Alex Tabb and Forbes contributor and CEO of Vested Dan Simon, the podcast will release new episodes every two weeks with the goal of engaging its audience with compelling and unique anecdotes that shed light on this usually veiled world. “Much of the industry, TabbFORUM included, is very serious about the

Buy-Side Firms Prioritize Liquidity and Relationships as Top Concerns in Broker Selection Process, According to TABB Group Study 

NEW YORK and LONDON, Sept. 12, 2016 (GLOBE NEWSWIRE) — The regulatory challenges and cost pressures facing buy-side firms are putting further demands on the sell-side to prove their relationship value. According to conversations with 100 U.S. head traders for the final installment of TABB Group’s 12th annual benchmark study, “Broker Relationships in an Era of Full Disclosure: U.S. Institutional Equity Trading 2016,” on why certain brokers were winning their order flow, 65% of the buy-side mentioned liquidity and 48% mentioned the broker relationship, while just 34% said non-execution services. Compared to 2015 overall, more buy-side firms mentioned liquidity and

Lime Brokerage and Vela Trading Technologies Announce Product Integration

NEW YORK, Sept. 7, 2016 (GLOBE NEWSWIRE) — Lime Brokerage (Lime), a Wedbush Company, and Vela Trading Technologies (Vela), a global leader in high performance trading and market data technology, are pleased to announce the integration of Lime’s Strategy Studio, its software solution for streamlined strategy research and deployment, and Vela’s market leading low latency direct feed handlers. Both companies share a commitment to high performance trading technology, and the combined products enable clients to benefit from Strategy Studio’s rich strategy API and strategy management user interface, while accessing Vela’s broad and highly configurable set of over 250 global direct

Molycorp, Inc. Emerges from Chapter 11 as Neo Performance Materials

TORONTO, Aug. 31, 2016 (GLOBE NEWSWIRE) — Molycorp, Inc., together with certain of its affiliates (collectively, “Molycorp”), reported today that its confirmed Fourth Joint Amended Plan of Reorganization (“the Plan”) became effective as of August 31, 2016.  Molycorp, Inc. has emerged from Chapter 11 protection. With its state-of-the-art processing and manufacturing facilities, the newly reorganized business, now known as Neo Performance Materials (or the “Business”), produces some of the highest performance rare earth and rare metal-based engineered materials in the world according to customers’ most challenging product specifications. The Business is organized along three business segments: Neo Chemicals and Oxides,

WisdomTree Celebrates 1-Year Anniversary of AGGY: Looking Within the Agg Universe to Enhance Income

NEW YORK, Aug. 29, 2016 (GLOBE NEWSWIRE) — WisdomTree (NASDAQ:WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced the one-year anniversary of the WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield ETF (AGGY).1 AGGY Outperformed Popular Active and Passive Strategies AGGY seeks to track the Barclays U.S. Aggregate Enhanced Yield Index2 which draws from the same universe of securities as the Barclays US Aggregate Index (Agg)3, but increases weights to higher yielding securities in an effort to boost income potential. This yield-enhanced methodology has not only outperformed the market cap-weighted Barclays Aggregate benchmark; its index performance

WisdomTree Announces Changes to ETF Family

NEW YORK, Aug. 25, 2016 (GLOBE NEWSWIRE) — WisdomTree (NASDAQ:WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced it plans to close and liquidate six of its ETFs. After the close of business on September 22, 2016, the Fund will no longer accept creation orders.  The final day of trading on the Funds’ respective exchange will be Thursday, September 22, 2016.  Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash at net asset value on September 29, 2016, the Funds’ last day of operations. 

TradeStation to be First Retail Online Broker Member of New IEX Stock Exchange

PLANTATION, Fla., Aug. 17, 2016 (GLOBE NEWSWIRE) — TradeStation, a Monex Group company and award-winning online broker-dealer and futures commission merchant, announced today that it has been approved as the first retail online brokerage member firm of the Investors Exchange (IEX), which was recently approved to become the nation’s thirteenth registered national securities exchange. The SEC approved IEX’s application to become a registered national securities exchange on June 17, 2016, and IEX has announced it will begin a security-by-security phase-in period on August 19th and plans to commence full operations as a national securities exchange on September 2nd. TradeStation currently

QuoteMedia Announces Financial Results for Q2 2016

PHOENIX, Aug. 12, 2016 (GLOBE NEWSWIRE) — QuoteMedia, Inc. (OTCQB:QMCI), a leading provider of market data, financial web content solutions and cloud-based applications, announced financial results for the three months ended June 30, 2016.  These results reflect second quarter revenue of $2,188,192, down from $2,203,079 in the comparative period in 2015, a decrease of $14,887 (1%). “This was a quarter characterized by hard work, and seeing those efforts begin to pay off,” says CEO Keith Guelpa.  “One of our larger clients significantly reduced its monthly spend with our company during this quarter.  Nevertheless, we were able to onboard sufficient new

Conifer Holdings Reports 2016 Second Quarter Financial Results

BIRMINGHAM, Mich., Aug. 11, 2016 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq:CNFR) (“Conifer” or the “Company”) today announced results for the second quarter ended June 30, 2016. Second Quarter 2016 Highlights (all comparisons to prior year period) Gross written premiums increased 28.9% to $29.7 million, largely due to continued growth in commercial markets of hospitality, small business, and specialty homeowners personal lines Net written premiums up 64.2% to $26.2 million as a result of growth in gross written premiums and lower ceded premiums due to the Company’s reduction of reliance on quota share reinsurance Strengthened reserves in its commercial auto

Exchange Groups Work Together to Strengthen U.S. Equity Markets

NEW YORK, Aug. 11, 2016 (GLOBE NEWSWIRE) — The three major exchange groups, Bats Global Markets (Bats), Nasdaq and the New York Stock Exchange (NYSE), (collectively, ‘the exchanges’) have worked together to harmonize key functions of the U.S. equity markets to increase resiliency during times of extreme volatility.  In the coming weeks the exchanges will file with the Securities and Exchange Commission (SEC) a set of exchange rules as well an update to the National Market System Plan to Address Extraordinary Market Volatility (“LULD Plan”).  The LULD Plan was approved on a pilot basis by the SEC in 2012 and

Ambac Announces Second Quarter 2016 Results

Net Income of $58.6 million or $1.29 per Diluted Share and Operating Earnings of $115.0 million or $2.54 per Diluted Share Book Value per Share Increased 3% to $39.80 and Adjusted Book Value per Share Increased 3% to $29.94 at June 30, 2016 from March 31, 2016 Reached a $60 million Settlement with an RMBS Counterparty Over a Non-R&W Dispute Insured Portfolio Reduced by $7 billion, or 7%, to $94 billion Adversely Classified Credits Reduced by $1 billion, or 5.4%, to $18 billion NEW YORK, Aug. 09, 2016 (GLOBE NEWSWIRE) —  Ambac Financial Group, Inc. (Nasdaq:AMBC) (“Ambac”), a holding company whose subsidiaries, including

Harris & Harris Group Issues Business Update and Reports Financial Statements as of June 30, 2016

NEW YORK, Aug. 09, 2016 (GLOBE NEWSWIRE) — Harris & Harris Group, Inc. (NASDAQ:TINY), reported today that, as of June 30, 2016, its net asset value and net asset value per share were $81,284,282 and $2.63, respectively.  The Company’s Quarterly Report on Form 10-Q may be accessed at http://ir.hhvc.com/sec.cfm. Review of the Second Quarter of 2016 During the second quarter of 2016, we continued to take steps to position the Company for potential future growth. We believe a number of accomplishments, including those by our portfolio companies during the quarter have the potential to contribute to this goal. These steps

ITG Launches Brazil and Mexico Close Algorithms

NEW YORK, Aug. 09, 2016 (GLOBE NEWSWIRE) — ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced the launch of new Close algorithms for Brazilian and Mexican equities. The Brazil Close and Mexico Close algorithms incorporate order imbalance information and adapt to changing intra-day market conditions to help capture the substantial liquidity available late in the trading session and in the closing prints of these key markets. In Brazil the closing auction frequently represents 9-10% of total daily trading volume, while in Mexico the closing print is often 6-7%. “These algorithms draw upon ITG’s deep expertise in

QuoteMedia Contracted to provide data to StocksToTrade Trading platform

PHOENIX, Aug. 08, 2016 (GLOBE NEWSWIRE) — QuoteMedia, Inc. (OTCQB:QMCI), a leading provider of market data and cloud-based applications, announced that StocksToTrade Inc. has contracted QuoteMedia to provide market data feed services to power the highly customized StocksToTrade platform. StocksToTrade is a real-time market and stock scanner, along with charts, Level 2 and fundamentals/breaking news/SEC filings all in one research package made by traders, explicitly for traders.  StocksToTrade has quickly become one of the most sought-after trading tools available, providing service to traders and investors around the world, and soon to be announcing broker integration as well as paper trading

Emerging Markets Report: An Opinion of Value

ORLANDO, Fla., Aug. 05, 2016 (GLOBE NEWSWIRE) — It is our policy in the Emerging Markets Report to avoid any prognostication of price or assignment of value to the Companies we’re engaged to cover.  Our process is two-fold… to seek or welcome companies with what we view our disruptive technologies and business models that are executing their business plans, and to provide our readers with an opportunity to examine the companies more deeply. The main reason for this aversion is simply that we are not analysts and leave such forward-looking discussions for those who are qualified to render such opinions.

Virtu Announces Second Quarter 2016 Results

NEW YORK, Aug. 03, 2016 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (NASDAQ:VIRT) a leading technology-enabled market maker and liquidity provider to the global financial markets, today reported results for the second quarter ended June 30, 2016. Second Quarter Selected Results Net income of $39.3 million; Adjusted Net Income* of $45.8 million Basic and Diluted EPS of $0.21; Normalized Adjusted EPS* of $0.24 Total revenues of $174.2 million; Adjusted Net Trading Income* of $102.3 million Adjusted EBITDA* of $65.8 million; Adjusted EBITDA Margin* of 63.0% Quarterly cash dividend of $0.24 per share payable on September 15, 2016 * Non-GAAP financial measures.

Bolsa de Valores de Colombia (BVC) Extends Trading Technology Contract with Nasdaq

NEW YORK and BOGOTÁ, Colombia, July 28, 2016 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq:NDAQ) and the Bolsa de Valores de Colombia (BVC) today announced the extension of their current trading technology contract for an additional seven years. This extension is part of BVC’s ongoing initiative to continue strengthening its position in both the regional and international exchange arena. The upgraded Nasdaq matching engine, X-stream INET Trading, further enhances the Colombian capital market by supporting new asset classes and providing more efficient MILA connectivity, which integrates the stock exchange markets of Chile, Colombia, México and Perú, as well as the throughput

Nasdaq Reports Second Quarter 2016 Earnings; Delivers Record Net Revenues(1)

Net revenues were a record $559 million in the second quarter of 2016, up 8% year-over-year. Organic growth, which excludes the impact of acquisitions and changes in FX rates, contributed $14 million of the total $41 million year-over-year increase in revenue growth. Second quarter 2016 diluted EPS was $0.42.  Non-GAAP2 diluted EPS for the second quarter 2016 was $0.91. During the quarter, the company completed the Boardvantage and ISE acquisitions, the last of four recently announced deals to close, and has achieved approximately $10 million in annualized run-rate cost synergies. Since the beginning of 2016 through July 26, 2016, Nasdaq has

Sparkfin to Provide Nasdaq Last Sale Real-Time Market Data

SAN DIEGO, July 26, 2016 (GLOBE NEWSWIRE) — SparkFin, developers of the first natively mobile stock discovery and sharing platform, today announced it will provide customers with real-time market data through Nasdaq Last Sale to ensure that stock market consumers get the most accurate data, ideas, and real-time stock notifications available, delivered directly to their mobile devices. SparkFin users will benefit from the single largest liquidity pool for US cash-listed equities in a reliable and accurate feed via Nasdaq Last Sale. A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/620ee5cb-ec92-41a2-9f38-654b67723793 “Many consumers trust their stock market app for accurate data

Babson Capital Corporate Investors Declares Quarterly Dividend

CHARLOTTE, N.C., July 20, 2016 (GLOBE NEWSWIRE) — The Babson Capital Corporate Investors (the “Trust”) Board of Trustees met today.  The Trust’s Trustees declared a quarterly dividend of 30 cents per share payable on August 12, 2016 to shareholders of record on August 1, 2016.  The Trust paid a dividend of 30 cents per share in the preceding quarter. The Trust’s Trustees determined that the Trust’s net asset value as of June 30, 2016 was $285,537,748 or $14.48 per share based on 19,723,927 shares outstanding.  As of June 30, 2015, the Trust’s net assets were $293,410,574 or $14.97 per share