Technical Trading Snafus Send Stocks Reeling

A computer hiccup at trading firm Knight Capital cost it more than $450 million. Cyber crime, too, is a major worry. In a recent survey, some 53% of the worlds securities exchanges said they had suffered a cyber attack in the past year, according to a paper published by a consortium of world securities regulators and a federation of exchanges. Attacks so far have been best etfs now aimed at disruption rather than financial gain. Still, 89% of exchanges surveyed agreed that cyber crime poses a system-wide risk to world securities markets.
Source: http://www.kiplinger.com/article/investing/T038-C000-S003-technical-trading-snafus-send-stocks-reeling.html

Insider Trading Tips for Medtronic, Hewlett-Packard, Juniper, Kinder Morgan, Bank of America, and Coca-Cola

Next, we look for the RSI to provide us with our entry signals. Notice the two signals provided during this Asia session, an early sell signal and later a buy signal. The RSI provided both of these successful entries during this ranging market almost perfectly. These are the type of setups we are looking to take advantage of and are fairly easy to spot once you’ve practiced a few times. Range Trading the Asia Trading Session You should now be comfortable with employing this strategy as well as understand the logic it is based on. We’ve learned that most of our traders are more successful when they trade during the Asia trading session (a ranging market environment).
Source: http://finance.yahoo.com/news/trading-most-profitable-time-day-190900185.html

Trading glitch, again, for Nasdaq

Last year, the exchange played a role in the botched IPO of Facebook. Investors were left unsure of whether their orders had been filled for hours after trading began, watching helplessly as the price soared and then plunged. The exchange ultimately paid a $10 million fine in a settlement with the Securities and Exchange Commission. In 2010, a so-called flash crash left panicked investors gasping when the Dow lost over 600 points over the course of five minutes, only to recover quickly.
Source: http://www.cbsnews.com/8301-505123_162-57601350/trading-glitch-again-for-nasdaq/

Garces Trading Co. installs a bar, cuts retail

The SEC announced Thursday that Badin Rungruangnavarat, a trader based in Thailand, had agreed to pay $5.2 million to settle charges that he had traded in Smithfield ( SFD , Fortune 500 ) securities based on advanced notice of the deal, earning more than $3 million. Virginia-based Smithfield, the world’s largest pork processor, announced an agreement in May to be acquired by Chinese meat producer Shuanghui International for nearly $5 billion. The U.S. government is currently reviewing the proposed buyout, a process that could wrap up on Friday. If approved, it would be the largest acquisition of a U.S. company by a Chinese buyer.
Source: http://money.cnn.com/2013/09/05/investing/smithfield-insider-trading/index.html

SEC settles with Thai man in Smithfield insider trading case

/quotes/zigman/3811989/quotes/nls/kmi KMI +0.57% : Read Full Report: http://www.insiderslab.com/PR3/090513A/KMI/KinderMorgan.pdf Bank of America Corp. /quotes/zigman/190927/quotes/nls/bac BAC +0.35% : Read Full Report: http://www.insiderslab.com/PR3/090513A/BAC/BankofAmerica.pdf The Coca-Cola Company /quotes/zigman/222647/quotes/nls/ko KO -0.78% : Read Full Report: http://www.insiderslab.com/PR3/090513A/KO/Coca-Cola.pdf Insider Filing Source Reference: All observations, analyses and reports are based on public information released by the U.S. Securities and Exchange Commission. About Insiderslab.com: Insiderslab.com covers insider trade data in major stock markets in the U.S., Hong Kong, Mainland China, and Singapore.
Source: http://www.marketwatch.com/story/insider-trading-tips-for-medtronic-hewlett-packard-juniper-kinder-morgan-bank-of-america-and-coca-cola-2013-09-05

Trading the Most Profitable Time of Day

Michael Klein, Philly.com Posted: Thursday, September 5, 2013, 3:49 PM Garces Trading Company in the Western Union building at 1111 Locust St. on Saturday, Sept. 7 will roll out an 18-seat bar – in effect converting what had been a hybrid market-cafe into a more conventional restaurant. The bar, to the left as you walk in, replaces the retail counter that sold cheeses, breads and charcuterie from GTC’s opening in February 2010. The shelves along the edge of the dining area will remain with Garces’ line of branded coffees and condiments. Garces Trading opened as a BYOB with a small LCB-run wine shop at the edge of the dining room.
Source: http://www.philly.com/philly/blogs/the-insider/Garces-Trading-Co-installs-a-bar-.html

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