. NEW YORK (AP) Twitter had a strong public stock debut Thursday in the most highly anticipated initial public offering since Facebook’s last year. Twitter is trading heavily on its first day. Twitter is trading under the ticker symbol “TWTR.” Twitter’s stock opened at $45.10, or 73 percent above its $26 IPO price.
Twitter soars in trading debut, exceeds IPO expectations
From the looks of things, Twitter could have set the price even higher. At one point, shares had climbed as high as $50.09. The stock has yet to fall below $44. Reports indicate Twitter s underwriters wanted to raise the IPO price even higher, but company executives wanted to price it more conservatively so there was room for growth on the first day of trading.
First Week of June 2014 Options Trading For PrivateBancorp (PVTB)
Dark matter: Why you should care Dominic Basulto The next frontier in science is finding something that we know exists, but cant see, smell or touch. Thats dark matter. Best comments of the past 24 hours Matt McFarland Thursdays edition includes includes Ken Cuccinelli, drama after a parents death, and commentary on the hair of New Yorks first family. Twitters stock will make its market debut on Thursday. On Wednesday evening, Twitter set a price of $26 for its initial public offering of stock, valuing the company great site at more than $18 billion. A DMM supervises the trading of a companys stock.
Twitter hires Barclays to supervise IPO trading on the floor of the NYSE
eSpeed access also will be available to qualified customers through TTs MultiBroker offering, which was recently named Best New Product, Connectivity at the FOW Asia Awards. “Our connection to Trading Technologies is part of an ongoing effort to enhance the trader experience with tools and services they want, said Eric Noll, Executive Vice President of Transaction Services at NASDAQ OMX. Our deep relationship with Trading Technologies will significantly expand the opportunity set for the fixed income community across the globe. NASDAQ OMX announced the completion of its eSpeed acquisition on July 1, 2013 as the exchange group began to operate the over-the-counter trading platform for benchmark U.S. Treasuries, one of the largest markets in the world with over $500 billion in daily trading volume. The addition of the eSpeed to the NASDAQ OMX Transaction Services business provides market participants an opportunity to navigate the benchmark U.S. Treasuries market with services for the full life-cycle of global fixed income trading.
Twitter’s first day of trading gives traders fond memories
What did he say?”) — it’s a bit of commotion that’s unusual as computers have largely replaced floor traders. Indeed, high-speed trading has helped transform exchange floors into glorified television sets. “It’s not as much fun” these days, said floor trader Robert Oswald, as he punched in orders on his handheld computer. “Any time you get to yell and throw paper is pretty fun.” Twitter executives and exchange officials are in the Barclays post, waiting for the “book” to close for Twitter to begin its life as public company.
Trading Technologies to Establish Connection to NASDAQ OMX eSpeed
( NASD: PVTB ) saw new options begin trading this week, for the June 2014 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 228 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the PVTB options chain for the new June 2014 contracts and identified one put and one call contract of particular interest. The put contract at the $20.00 strike price has a current bid of 30 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $20.00, but will also collect the premium, putting the cost basis of the shares at $19.70 (before broker commissions).