Nasdaq Private Market
A new venture called Nasdaq Private Market, a San Francisco-based venture
scheduled to launch later this year, pending regulatory approval between Nasdaq
OMX Group Inc. (NDAQ) and SharesPost's Inc., will enable buying and selling of
private company shares while also providing access to liquidity for early
investors, founders and employees. Nasdaq exchange market and operations skills
with SharesPost's online platform will help connect investors with late-stage
venture-backed companies and their shareholders. The joint venture will
establish a marketplace for private-growth companies, will provide private
companies additional flexibility as they plan for their future and give the
investment community unique opportunities. Nasdaq executive Bruce Aust said, "By
combining our resources, expertise and reach with SharesPost's established
technology, we will bring scale, efficiency and transparency to this
marketplace." Nasdaq will retain a majority stake of the venture and Greg
Brogger, SharesPost's founder and president, will become president.
The 'fear index', CBOE Volatility Index or VIX - launched in 1993 to track the
volatility of the U.S. stock market - is known for capturing nervous reaction or
a calm toward the markets, felt by investors and traders. The VIX is one of the
most widely quoted market terms around the world. Well London will be getting
their own 'fear index', the IVI, which stands for 'implied volatility index'.
The IVI will track the volatility of stocks in the FTSE-100 and will also
capture the nervous reaction or a calm to the markets, felt by investors and
traders across the pond.
Fed Beige Book released on Wednesday indicates government fiscal and health-care
policies are holding back private spending and hiring. Per details in the Beige
Book report, the government is getting in the way of sustainable economic
growth. The Fed cited fiscal policy and higher gasoline prices are having a
negative effect on consumer sales. Retail sales slowed in several of the Fed's
12 district banks through late February. Ten of the Fed's 12 districts reported
gradual growth through late February, while the Boston and Chicago Fed banks
said that activity grew at a slow pace. Unknown effects from the Affordable Care
Act is reportedly a reason for planned layoffs and a reluctance to hire more
staff in several districts. Overall, the Fed survey found economic activity
expanded at the same "modest to moderate pace" reported in the prior survey
released in mid-January.
Automatic Data Processing Inc, payrolls processor reported Wednesday that
January saw an increase of 215,000 private jobs, compared with previous estimate
of 192,000. During February the economy gained 198,000 private jobs.
U.S. Commerce Department announced on Wednesday that orders for goods produced
in U.S. factories fell 2.0% in January and excluding transportation, orders
climbed 1.3%. Fewer aircraft orders is a large reason for the drop. Durable
goods orders fell by 4.9% in January. Non-durable goods orders rose 0.6% - for
items such as food and clothing. Factory goods shipments in January fell by
Milestone for Millennium-Traders, we are extremely proud to be one of the top 1%
most viewed LinkedIn profiles for 2012.
Offers on Subscriptions, monthly rates at low as $75 per month plus, weekly
subscriptions now available.
on Day Trading with confirmed subscription to our Free
One week trial
Day Trading Rooms
for stocks, futures, forex and options.
available for stocks, futures, forex and options traders.
focus on NYSE, NASDAQ and AMEX.
focus on YM, NQ, TF and ES.
based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD,
GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.
available to subscribers weekdays starting at 9am ET.
Detailed historic performance for all calls is available on our
Opt-in to our
sent via email, first trading day of the week which includes recap of markets
from previous week and what is ahead for the upcoming trading week.
provides new trading subject every month.
Free Chat Rooms
- penny stocks, options, stocks, futures and forex! Chat with other traders any
time, day or night, 24-hours a day.
Mar 6, 2013