|Bid||100.00 x 1100|
|Ask||105.30 x 800|
|Day's Range||104.73 - 105.61|
|52 Week Range||75.49 - 106.23|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||33.35|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||1.88 (1.80%)|
|1y Target Est||106.69|
(Bloomberg) -- Robots have replaced thousands of routine jobs on Wall Street. Now, they’re coming for higher-ups.That’s the contention of Marcos Lopez de Prado, a Cornell University professor and the former head of machine learning at AQR Capital Management LLC, who testified in Washington on Friday about the impact of artificial intelligence on capital markets and jobs. The use of algorithms in electronic markets has automated the jobs of tens of thousands of execution traders worldwide, and it’s also displaced people who model prices and risk or build investment portfolios, he said.“Financial machine learning creates a number of challenges for the 6.14 million people employed in the finance and insurance industry, many of whom will lose their jobs -- not necessarily because they are replaced by machines, but because they are not trained to work alongside algorithms,” Lopez de Prado told the U.S. House Committee on Financial Services.During the almost two-hour hearing, lawmakers asked experts about racial and gender bias in AI, competition for highly skilled technology workers, and the challenges of regulating increasingly complex, data-driven financial markets.Other comments from the hearing:Kirsten Wegner, chief executive officer, Modern Markets Initiative:“As bad actors become more sophisticated, it is vital that financial regulators have the funding resources, technological capacity and access to AI and automated technologies to be a strong and effective cop on the beat.”Martina Rejsjö, head of Nasdaq Surveillance North America Equities, Nasdaq Inc.:Nasdaq runs more than 40 different algorithms, using about 35,000 parameters, to look for market abuse and manipulation in real time.“The massive and, in many cases, exponential growth in market data is a significant challenge for surveillance professionals,” she said. “Market abuse attempts have become more sophisticated, putting more pressure on surveillance teams to find the proverbial needle in the data haystack.”Rebecca Fender, senior director, CFA Institute:Forty-three percent of CFA members and candidates expect their roles to change significantly in the next five to 10 years, according to a survey of more than 3,800 respondents. The three roles most likely to disappear are sales agents, traders and performance analysts.Charlton McIlwain, professor of media, culture and communication at New York University:“Racial groups that are already extremely underrepresented in the financial services industry will be most at risk in terms of automation and the escalation of fintech development. This is especially true given the vast underrepresentation of African-Americans and Latinx in the adjacent technology sector workforce.”To contact the reporter on this story: Lananh Nguyen in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, Daniel Taub, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
to allow companies to raise capital through direct listings, setting back efforts to expand the low-cost alternative to traditional initial public offerings. NYSE proposed the changes last month in a regulatory filing in which it set out rules for “primary direct floor listings” in which companies could raise a minimum of $250m. “We remain committed to evolving the direct listing product,” an NYSE spokesperson said in a statement.
NEW YORK, Dec. 04, 2019 -- Who:Nasdaq CEO Adena Friedman What:Goldman Sachs U.S. Financial Services Conference 2019 When:Tuesday, December 10, 2019 7:50 am ET Where:Conrad.
NEW YORK, Dec. 02, 2019 -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for November 2019, on its investor relations website. A data sheet showing the monthly.
NEW YORK, Nov. 26, 2019 -- The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that the trading halt status in Professional Diversity Network, Inc. (Nasdaq:IPDN) was changed to.
NEW YORK, Nov. 26, 2019 -- At the end of the settlement date of November 15, 2019, short interest in 2,391 Nasdaq Global MarketSM securities totaled 8,223,360,638 shares.
(Bloomberg) -- The New York Stock Exchange will let companies raise capital through a primary share sale alongside direct listings.The proposal would enable a company that chooses a direct listing to also raise capital in an opening auction on the first day of trading, provided it sells a minimum of $250 million in market value of shares, NYSE said Tuesday in a filing with the U.S. Securities and Exchange Commission.Direct listings have been touted by Silicon Valley startups and venture capital firms in recent months as an alternative to initial public offerings.“We’re always looking to evolve our offerings to meet the demands of the marketplace,” John Tuttle, NYSE’s vice chairman and chief commercial officer, said by phone. Still, “we don’t think this is going to displace the traditional IPO, we just want to create another pathway for companies to come to the public market.”Under a direct listing, a company makes its shares available for trading on a stock exchange without the formalities of a traditional IPO. That means no road show, no underwriter and no offering price, Tuttle wrote in a blog post in June. Slack Technologies Inc. and Spotify Technology SA have taken that route.NYSE’s rival, Nasdaq Inc., is working with the SEC on the potential for companies to raise capital via a direct listing, Nelson Griggs, president of the Nasdaq Stock Exchange, said at an event last week.\--With assistance from Rachel Evans.To contact the reporter on this story: Lananh Nguyen in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Michael J. Moore at email@example.com, Steve Dickson, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Nasdaq’s Quandl, a leading alternative data provider, today launched the E-Commerce Intelligence (ECI) dataset, which allows investors to track product-level e-commerce transactions on a near real-time basis. The exclusive dataset follows the day-to-day transactions of 800 brands and 500 companies across more than 350 e-retailers in North America and EMEA, capturing US$15 billion worth of product sales annually.
SiTime Corporation (Nasdaq:SITM), a leading provider of silicon timing systems solutions, is pleased to celebrate the Company’s initial public offering (IPO) on the Nasdaq Stock Market. “SiTime’s IPO on Nasdaq begins an exciting new chapter for us,” said Rajesh Vashist, CEO of SiTime.
Nasdaq’s Quandl, a leading provider of alternative data, today announced the fourth annual Quandl Data Conference (QDC 2020) at Convene’s 46th St. location in New York City on Thursday, January 23, 2020. Across seven hours of programming and three hours of networking, the one-day event will see alt data and data science pioneers converge on the key pain point facing the industry today: how to identify profit-generating information among the glut of data that now exists.
EPEX SPOT, part of European energy bourse EEX, expects to launch its intraday power trading platform in the Nordics in January, with day-ahead following in March, the exchange told Reuters on Tuesday. The launch will end a long-standing regional monopoly for Nordic power exchange Nord Pool and increase competition between platforms for spot electricity trading. While EPEX received a licence at the beginning of 2019 to operate an intraday market in Norway, permission to operate the day-ahead market is still outstanding.
Zacks.com featured highlights include: Medtronic Public, Arconic, Nasdaq, Hewlett Packard and Target
NEW YORK, Nov. 18, 2019 -- Nasdaq (Nasdaq: NDAQ) today announced that Exelon Corporation (Nasdaq: EXC), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX), the.
Investors target stocks that have been on a bullish run lately. Stocks seeing price strength have a high chance of carrying the momentum forward.
Baidu, Live Nation Entertainment, CME, MarketAxess and Nasdaq highlighted as Zacks Bull and Bear of the Day
Nasdaq (NDAQ) today announced its launch of an option education program based on actionable trading ideas and content to the Nordic investment community, in partnership with OptionsPlay. OptionsPlay provides analytics that enable users of varying experience levels to visualize options data and generate trading opportunities in different market conditions. It has been adapted by Nasdaq to reflect the Nordic trading landscape, and is now available free of charge to all private investors, who will be able to access extensive educational materials and strategic insights into the options market.
Energy exchange EEX Group said on Tuesday it had agreed with U.S.-based Nasdaq Futures (NFX) to buy NFX's futures and options exchange business as it continued to expand its presence in U.S. energy markets and in sea-borne commodities. Under the deal, EEX, part of Deutsche Boerse, would receive NFX' core assets, it said in a statement.