Nasdaq Shares Retreat As N.y. Investigates High-speed Trading


Nasdaq stocks posting largest volume increases

in New York, the largest intraday decline since Jan. 24. The stock fell as much as 4 percent earlier. IntercontinentalExchange Group Inc., which owns the New York Stock Exchange, slipped 0.4 percent.

Nasdaq stocks posting largest percentage decreases

Rick Sherlund of Nomura Equity Research has a “Buy” rating on MSFT stock and has set a price target of $45 for the tech giant. “We expect new CEO Satya Nadella to introduce this as a directional step in repositioning Microsoft to a mobile first/cloud first company,” Sherlund told investors. “We would expect Microsoft to announce that users of Office 365 [the subscription-based service] can access the touch first versions of Office [iPad, Windows 8.1 devices, and Android tablets] as an additional platform service for no additional charge,” Sherlund continued. Nadella took over the reins at Microsoft on Feb.

Now that the first clearing house has been authorised under the new reforms, it starts a clock for the European Securities and Markets Authority or ESMA, an EU watchdog, to decide which types of derivatives contracts must be cleared across the 28-country bloc. “This is now the kick-off for the central clearing obligation. Probably the earliest possible date for mandatory clearing to start is by the end of this year,” ESMA spokesman Reemt Seibel said. More than 20 clearing houses have applied for authorisation under the EU derivatives law. Hans-Ole Jochumsen, an executive vice president at Nasdaq OMX, expects some assets like certain currency derivatives to be cleared even if ESMA decides that clearing should not be mandatory.

Microsoft (Nasdaq: MSFT) Stock at 14-Year High, Mobile Success Would Send It Higher

Nasdaq: MSFT

fell 8.7 percent to $6.07. Intersections Inc. fell 8.7 percent to $5.80. Plug Power Inc. fell 8.6 percent to $5.95.

Nasdaq OMX first to win EU approval to clear derivatives

Elbit Medical Imaging Ltd. : Approximately 10,210,400 shares changed hands, a 2,070.1 percent increase over its 65-day average volume. The shares rose $.07 or 32.4 percent to $.27. Glen Burnie Bancorp : Approximately 5,700 shares changed hands, a 1,463.9 percent increase over its 65-day average volume. The shares rose $.12 or 1.0 percent to $12.10.

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