nyse

Facebook mulling change of stock exchange?

In the wake of its mishandled initial public offering on Nasdaq last week, Facebook is reportedly considering a proposal to switch its stock listing to the New York Stock Exchange.

Executives at the social network and the NYSE have exchanged phone calls and e-mails regarding a possible switch, a person familiar with the matter told Bloomberg. A Facebook representative declined to comment on the report, but NYSE representatives denied such negotiations were occurring.

"There have been no discussions with Facebook regarding switching their listing in light of the events of the last week, nor do we think a discussion … Read more

Facebook goes with Nasdaq for IPO

While Facebook has been battling Yahoo over patents on the West coast, the New York Stock Exchange and the Nasdaq have been battling for Facebook's business on the East.

The winner is reportedly the Nasdaq, which has long been home to high-tech public companies. The stock will trade under the ticker, FB, The New York Times is reporting.

The Nasdaq built its business by housing some of the biggest names in high-tech -- Microsoft, Apple, Google and Intel among them -- but the NYSE has been aggressively trying to lure new issues. Last year, for instance, it landed LinkedIn … Read more

Blockbuster stock to be delisted from NYSE

Blockbuster's stock will no longer be available on the New York Stock Exchange (NYSE) starting next week, the company announced in a statement Thursday.

The issue, according to Blockbuster, started in November, when the NYSE contacted the company and informed it that because its shares had an average price of less than $1 over a consecutive 30-day period, it was in danger of being delisted from the market, if it couldn't find a remedy at its annual meeting in May. Since then, the company's stock price has stayed below $1 per share.

In an attempt to save … Read more

Marketcetera gives hedge funds cloud-based trading

If any class of financial-services firm should have become extinct in 2008, it's the hedge fund. Hedge funds bled $154 billion in 2008, according to Lipper Hedgeworld, with 1,500 hedge funds closing shop, as reported by The New York Times.

Amazingly, however, 659 new hedge funds launched amid this financial bloodbath, and these new hedge funds are looking to build high-performance trading platforms on the cheap, a trend that bodes well for Marketcetera.

Marketcetera is now working with the New York Stock Exchange to provide a hosted, open-source hedge fund trading platform over NYSE Technologies' Secure Financial Transaction … Read more

Circuit City gets delisting notice from NYSE

Things are getting worse at Circuit City.

The embattled electronics retail chain was notified October 24 by the New York Stock Exchange that its stock listing price is so low it's on the verge of being delisted.

According to a form Circuit City filed with the SEC Thursday, the NYSE said the company's stock was "below criteria" because the average closing price was less than $1 per share for the 30 previous days. NYSE requires any company's minimum average over that time period to be $1.

Circuit City's stock closed Friday down 4 cents … Read more

Red Hat: It's the value, stupid

As I walked through the war zone that is Wall Street yesterday on my way to a Red Hat meeting, I assumed the worst. I scanned the rooftops for Paul Cormier, Red Hat's EVP of Products and Technologies, ready to catch him if leaped. I scanned the cardboard boxes along the pavement, expecting to see Red Hat CTO Brian Stevens claiming a cozy spot on the curb. Finally, I dug through dumpsters in search of Jim Whitehurst, Red Hat's CEO and no stranger to market meltdowns as the former COO of Delta Air Lines.

They were nowhere to be seen.

Instead I found Whitehurst, Cormier, and Stevens waiting for me in Room 616 of the Red Hat Enterprise Linux-fueled New York Stock Exchange, which managed to process a massive sell-off of equities over the past week without skipping a beat. Indeed, on a day that saw the Dow Jones industrial average crater by 508.39 points, RHEL kept the NYSE humming.

Perhaps this wasn't something to celebrate, but it's a testament to the power of Red Hat's software, and a painful reminder to Microsoft that its software is not ready for the heaviest enterprise loads, given its own .Net-inspired crash of the London Stock Exchange last month. Microsoft urges us to "get the facts" about Windows performance. Don't worry, Microsoft: we got them.

But it wasn't to poke fun of Microsoft that I spoke with Red Hat. Instead, it was to see how a faltering economy is hurting or helping its business, find out why there aren't more Red Hats, and to learn why enterprises continue to turn to Red Hat even as budgets tighten and implode. … Read more

Google Finance gets real-time NYSE ticker updates

If you've had bold ambitions of becoming a day trader, Google Finance is now one step closer to getting you there.

Tuesday morning the New York Stock Exchange partnered with Google and CNBC to provide real-time stock quotes that will show up on Google's finance site.

This means that whatever symbols you're looking at on Google Finance will be updated without delay, and the changes can be seen both on the page and at the top of the tab it's open in on your browser. You can also get it in widget form, either in iGoogle … Read more

NYSE Euronext banks on Red Hat

If anyone out there persists in believing that Linux isn't ready for serious prime time, NYSE Euronext's dependence on Red Hat should finally lay that silly notion to rest. As announced, the New York Stock Exchange Euronext dumped its proprietary UNIX heritage (AIX, HP UX, Solaris) for the freedom, flexibility, and performance of Linux.

As NYSE Euronext's CIO noted:

With the combination of speed, cost, reliability, and functionality pushed to the limit, we have to out perform the competition in each category, and our competition is getting better all the time. Linux as an operating system has … Read more