'Junk bond' computers proposed; Wall St. considers new pricing system

Article Abstract:

The United States Securities and Exchange commission has requested the National Association of Securities Dealers to study whether private placement trading software can be adapted for use in the junk bond market. The software would provide an electronic pricing system for the high-yield junk bond market. The system will provide customers with better pricing information about the securities, as well as company information. The commission hopes the plan will renew investor interest in the market by bolstering confidence, increasing liquidity and removing the possibility of enormous profits for a few traders.

Regulation misc. commercial sectors, Usage, Computers, Digital computers, Financial software, Telecommunications systems, United States. Securities and Exchange Commission, Junk bonds, Price, Securities Transfer

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Revolt spreading on street against index arbitrage use

Article Abstract:

Pressure is being applied to the New York Stock Exchange and brokerage firms to curb the program trading technique called index arbitrage. Goldman, Sachs and Co is calling for the New York Stock Exchange to prevent index arbitrage trader from using the DOT computerized order delivery system during volatile trading periods. This would provide an advantage to large firms with enough staff to execute trades without the computer system. Dean Witter Reynolds Inc proposes charging higher fees on index arbitrage trades. Paine Webber Group Inc announces that the company is abandoning index arbitrage.

Security and commodity exchanges, Laws, regulations and rules, Stock-exchange, Stock exchanges, Economic policy, Goldman Sachs and Co., New York Stock Exchange Inc., Stock markets, Stock Market

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Witness Tells of Hearing Talk About Merrill-Enron Side Deal

Article Abstract:

Tina Trinkle, a former analyst at Merrill Lynch and Company presented damaging evidence in the Enron accounting fraud case. She recounted a conference call between executives at both companies in which terms of an improper deal were discussed.

United States, Legal issues & crime, Financial management, Executive changes & profiles, Legal/Government Regulation, Capital funds & cash flow, Natural gas transmission, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Officials and employees, Company legal issue, Cases, Company investment, Investments, Accounting and auditing, Securities fraud, Gas transmission industry, Enron Corp., Merrill Lynch & Company Inc., Evidence, ENRNQ, Trinkle, Tina

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