Trading in Leap reportedly probed

Last week’s trading halt, the May 2010 Flash Crash, Nasdaq’s botched handling of Facebook’s IPO and trading glitches at Knight Trading last year and at Goldman Sachs last week have rattled public confidence in the market. “It seems like there is little consistency in how these things are dealt with,” said Stephen Massocca, a managing director at brokerage Wedbush Equity Management LLC in San Francisco. “I don’t think there is a single methodology for dealing with these things, that quite frankly are going to continue to happen.” Nasdaq faced similar criticism last year when Facebook debuted its share offering. An open conference call held on the morning of that IPO in May 2012 went silent during a critical period, when market-makers wanted to know why trading was not occurring.
Source: http://www.reuters.com/article/2013/08/26/us-nasdaq-halt-communication-idUSBRE97P0V420130826

The REIT invests primarily in income-producing retail properties with strong tenant covenants, stable yields, low vacancy levels and strong growth potential. Retrocom’s historical revenue and net income: The analysis on Retrocom reports that the company’s revenue has been in decline over the past five years, the company has issued CAD170.01 million of debt over the past three years and that the P/B ratio is at a three-year low. The Peter Lynch Chart suggests that the company is currently undervalued : Retrocom is currently trading at a 52-week low of $4.82. Retrocom Mid-Market has a market cap of $295.469 million. Its shares are currently trading at around $4.82 with a P/E ratio etf to buy now of 3.66, a P/S ratio of 2.99 and a P/B ratio of 0.63. The dividend yield of Retrocom stocks is 9.33%.
Source: http://www.nasdaq.com/article/canadian-reits-trading-at-52week-lows-report-insider-buys-cm270961

CME Group, which owns the Chicago Board of Trade and New York Mercantile Exchange, said the study issued on Tuesday showed the benefits of high-frequency trading. “This is an important study demonstrating, as many others have already done, that high frequency trading does not increase volatility, but rather serves as an important provider of liquidity for the marketplace,” CME spokeswoman Laurie Bischel said. Representatives for the ICE and NYSE declined to comment. A spokesman for the Eurex could not immediately be reached.
Source: http://www.reuters.com/article/2013/08/27/trading-fast-study-idUSL2N0GS1XH20130827?type=companyNews&feedType=RSS

Canadian REITs Trading at 52-Week Lows Report Insider Buys

Bill Keep, the dean of the College of New Jersey, who is an expert on pyramid schemes, was recently questioned by Liora Sukhatme, a lawyer in the SECs enforcement area. Sukhatme asked Keep about a meeting he had with Sohn on June 26, he said. Keep, who has ties with the Federal Trade Commission, declined to elaborate on his SEC chat. Sukhatme did not return a call for comment.
Source: http://nation.foxnews.com/2013/08/28/sec-looking-george-soros’-family-fund-alleged-insider-trading

Three Charged With Stealing Flow Traders Trading Software

Jason Vuu, a Flow Traders employee until his resignation in March, was charged with 20 counts of the same offenses. His e-mails were sent from August 2011 to August 2012, and he sometimes changed the file format of the attachments to make it difficult to recognize their contents, according to the complaint. Vuu is accused by prosecutors of sharing the software code with Simon Lu, who wasnt a Flow Traders employee, to create their own trading company. Lu is charged with three counts each of unlawful duplication of computer related material and unauthorized use of secret scientific material. Code Uncompromised Im confident that when the DAs office has completed their investigation they will find Flow Traders did not suffer any economic loss, Jeremy Saland, a lawyer for Vuu, said in an e-mail yesterday. Their algorithms and code werent taken or used in any malicious way that damaged or compromised their financial security. Charles Ross , a lawyer for Cressman, Paul Shechtman, a lawyer for Lu, and Joseph DeMarco, a lawyer for Flow Traders, didnt immediately return phone and e-mail messages yesterday after regular business hours seeking comment on the charges.
Source: http://www.bloomberg.com/news/2013-08-26/three-charged-with-stealing-flow-traders-trading-software.html

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