Abstracts » Business, general

E-trading threatens the world's bourses

Article Abstract:

The advent of electronic securities trading is posing serious competitive threats to major stock exchanges including the New York Stock Exchange Inc. and Nasdaq Stock Market Inc., and electronic trader Reuters Instinet is leading the way in Australia. Instinet claims to handle as much as 20% of all trades in Nasdaq-listed companies. Instinet also claims to account for 40% of the volume in Nasdaq's 10 largest stocks. Instinet has already formed relationships with European and Asian stock exchanges. Nasdaq is discussing joint ventures to create its own Internet platform.

United States, Australia, Securities Exchanges, Statistical Data Included, Management, Economic aspects, Finance, Exchanges, Influence, Securities industry, Electronic trading (Securities), Online securities trading, Nasdaq Stock Market Inc., Reuters Instinet

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Australian stocks miss out in US markets

Article Abstract:

Australian companies will need to file information and accounts with the US Securities and Exchange Commission if they want to be listed on the National Assn of Securities Dealers (NASDAQ) bulletin board after Mar 31, 1998. Companies wishing to be listed can also file current financial information with banking regulators or insurance regulators. Securities fraud costing investors hundreds of millions of dollars resulted in these new rules for the NASDAQ bulletin board.

Misc Stock Exchanges, Listing & Registration, Laws, regulations and rules, Stock-exchange, Stock exchanges, NASDAQ Market System

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How Wall Street loosed the bears on itself

Article Abstract:

Some US corporation have felt pressure to falsify accounting records to boost apparent earnings growth, according to Securities & Exchange Commission chmn Arthur Levitt. Methods of manipulative accounting include exaggerated liabilities and charges, inclusion of future expenses, allocating expenses to research, and crediting future sales. Also described are actions by the Federal Reserve Board to prevent a credit debacle.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Trading Regulations, Investigations, Accounting and auditing, Accounting, Economic policy, Corporations, Securities law, Quotations, Levitt, Arthur, Jr., Securities trading

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