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New York Stock Exchange Sale Means More Than The Death of Wall Street

Wall Street Bull

Hollywood has given us two major images of Wall Street. The first comes from the 1986 drama Wall Street, with its antihero Gordon Gekko and his dark, intellectual, strategizing about acquiring a company's stock to control its future. A corporate raider clad in the philosophical garb of Sun Tzu, armed with a simple tool – stocks – and confident of his power to wield those stocks to control the existence of everyone around him.

​Morgan Stanley to Take Strategic Equity Stake in Eris Exchange

Morgan Stanley HQ

Morgan Stanley and Eris Exchange have announced that Morgan Stanley plans to make a strategic equity investment in Eris, a U.S. futures exchange that offers Interest Rate Swap Futures. Morgan Stanley also plans to participate on the exchange as a provider of liquidity and clearing services. Financial details were not disclosed.

England Lose Match But Not Face as Yuvraj Singh Reminds India of His Value

India V England

England's defeat by five wickets was emphatic but respectable enough. They were pitched against a highly motivated and experienced India side, still smarting from their defeat in the Test series, and England lacked the firepower or the form to test them. But for many of Eoin Morgan's young Twenty20 side this was still a valuable experience.