• News, NYSE

    Big Board Promises Not To Get Rid Of Trading Floor As It Crafts Plan To Let It Get Rid Of Trading Floor

    [caption id="attachment_99440" align="alignleft" width="260"] The future Museum of American Capitalism.[/caption]

    Hurricane Sandy claimed many victims. Will the New York Stock Exchange’s floor traders be among them?

    / Mar 11, 2013 at 5:41 PM
  • NYSE

    Big Board To Pay Protection For Its U.S. Derivatives Exchange

    You can trade anywhere these days. So why not demand a bribe? Fresh from their success sinking the CMDX, the CDS clearinghouse founded by the Chicago Mercantile Exchange and Citadel Investment Group, the Wall Street oligarchs are now insisting upon tribute from the New York Stock Exchange. The Big Board is selling a “significant stake” […]

    / Nov 2, 2009 at 1:00 PM
  • NYSE

    New York Stock Exchange Gobbles Up American Stock Exchange With Its Pocket Change Stock

    As it turns out, the American Stock Exchange still exists and it’s being acquired for $260 million in stock by NYSE Euronext. The deal had been rumored forever. One person very familiar with the American Stock Exchange told DealBreaker: “Finally! This deal should have happened 15 years ago.” After the jump, read the full press […]

    / Jan 17, 2008 at 5:07 PM
  • Dick Grasso, NYSE

    Dick Grasso And Charlie Gasparino Put Paternity Dispute Behind Them

    Former NYSE chair Dick Grasso recently left a voicemail for Charlie Gasparino. Know what it said? “Happy holidays.” Why did this seemingly innocuous message scare the fuck out of Charlie, who takes no shit or prisoners, and who is known for yelling at/cutting off/berating his colleagues on air (especially Joe Kernen, but let’s face it, […]

    / Dec 6, 2007 at 10:22 AM
  • Exchanges, John Thain, Merrill Lynch, NYSE

    Merrill Lynch Taps Thain
    New York Post Reports Announcement Will Come This Afternoon

    It looks like it’s Merrill Lynch that is nabbing New York Stock Exchange chief executive John Thain. The New York Post has just reported that Merrill is expected to announce that it has hired Thain to replace ousted CEO Stan O’Neal sometime this afternoon. Zach Kouwe, whose reporting has scooped the world on this story, […]

    / Nov 14, 2007 at 12:20 PM
  • Exchanges, NYSE, Reader Poll

    NYSE Meeting: A Reader Poll

    Let’s assume for a moment that the rumors (and CNBC’s Bob Pisani) are right and the board of the New York Stock Exchange is holding an unscheduled meeting right now. Views about what is happening are divided, so we figured we’d go to the experts: our readers. What do you think is going on at […]

    / Nov 14, 2007 at 11:05 AM
  • NYSE

    NYSE Board Meeting Rumor: Thain To Merrill?

    Rumors are rampant that the New York Stock Exchange will begin an unscheduled board meeting in about ten minutes. The eleven o’clock meeting is widely believed to have been called so that NYSE chief executive John Thain can announce he is leaving the exchange. CNBC has reported that speculation on the floor of the exchange […]

    / Nov 14, 2007 at 10:47 AM
  • NYSE

    Two More Trading Days in 2008

    The New York Stock Exchange has released it’s calendar for 2008 and 2009. Get excited because in 2008 there will be two extra trading days! It’s a leap year, giving us an extra day in February. And there is one less holiday on the schedule—this year we honored the death of Gerald “stagflation” Ford by […]

    / Sep 28, 2007 at 12:22 PM
  • NYSE

    NYSE – Prime Real Estate

    Sadly, the amount of activity on the famous floor of the NYSE is dwindling. A space once filled with the roar of brokers and clerks on the floor buying and selling stocks has been largely replaced with computerized trading . From it’s peak of over 3,000 members, the crowd has tapered off to about 1,700. […]

    / Sep 24, 2007 at 1:25 PM
  • NYSE

    A Refresher On Trading Curbs

    We’re not sure why but for some reason this afternoon we found ourselves wondering about trading collars and curbs. This infographic from the New York Stock Exchange is just about the clearest illustration of when the NYSE will put the breaks on a plummeting market. (Or a skyrocketing market, but that’s unlikely to be an […]

    / Jul 26, 2007 at 1:00 PM
  • NYSE

    Who Wants To Buy A Specialist Firm?

    Under the tutelage of Chief John Thain, the floor of the New York Stock Exchange has (d)evolved into a) one big computer and b) a tourist attraction for the Colonial Williamsburg-going set in New York for the week. Specialists have been rendered unnecessary, unless they’re giving tours, selling souvenirs. Accepting this shift in climate, LaBranche […]

    / Jul 10, 2007 at 9:35 AM
  • NYSE

    New York Stock Exchange Will Remain A Michael Moore Free Zone
    Updated: Or Maybe Not!

    The New York Stock Exchange has banned Michael Moore, saying he is not welcome in the exchange building on Wall Street, CNBC is reporting. The controversial film-maker was scheduled to be interviewed by CNBC’s Maria Bartiromo at 3 PM today. Moore’s latest film “Sicko” is critical of the health care system in the United States, […]

    / Jun 28, 2007 at 2:49 PM
  • Blackstone, NYSE, Portfolio, Stephen Schwarzman

    Even Tom Wolfe Came Out For The Big Day

    This was very clearly one of the most surreal moments of BX: The Opening. Amidst the crowd of traders, there appeared a man with a shock of white hair in a double breasted gray suit. And that man happened to be Tom Wolfe. After the jump, cast your vote for what Wolfe was doing at […]

    / Jun 22, 2007 at 10:16 AM
  • John Thain, NYSE


    Would you believe us (Charlie Gasparino) if we (he) told you that John Thain: – Had a letter addressed to him from floor trader Kevin M. Flanders that said “Thank U [sic] John Thain for ruining all of our careers?” – Knows he isn’t well-liked by the trading community – Once ate a panda – […]

    / Jun 12, 2007 at 3:30 PM
  • NYSE

    NYSE Jumps The Shark

    Everyone on the Big Board mass email knew that the day would come when the floor of the stock exchange would be turned into Colonial Williamsburg; that time is now. With almost two-thirds of the bodies being cut and the survivors pretty much standing around twiddling their thumbs (floor traders handle only 18% of trades […]

    / May 21, 2007 at 9:45 AM
  • Compensation, NYSE

    Do Zee French Have a Point or Is John Thain Just Grossly Overpaid?

    There may be some tension in the NYSE Euronext cafeteria. Financial Times reports that Jean-François Théodore, the French John Thain (he’s like JT but wears a red smoking jacket and says ‘ménage à trois’ instead of ‘threesome’), i.e. chief executive of the Eurnoext, was paid less than a fifth of what Thain earned last year. […]

    / May 15, 2007 at 8:14 AM
  • John Thain, NYSE

    John Thain has a new trade confirmation from E*TRADE Securities

    As most of you probably know, John Thain brushed off the claims of a Goldman analyst today that Reg NMS will “erode the transatlantic stock exchange group’s market share and benefit its main US rival, the Nasdaq.” Tossed them to the wind; knocked them down; scoffed; said, “Whatchu talkin’ about, Willis?” Now, these responses make […]

    / Apr 26, 2007 at 12:31 PM
  • NYSE

    NYSE : Not Dancing With Starsia For 18 Months

    They may not be in compliance with Reg NMS,* but the NYSE does care about regulating outright criminals (for the most part). Paul Starsia, a biotech analyst was served with an 18-month ban from the industry yesterday for (“allegedly”) doing one of those things that’s frowned upon by regulators where you have a secret brokerage […]

    / Apr 12, 2007 at 11:24 AM
  • Exchanges, NYSE, SEC

    NYSE And REG NMS: The Mystery Continues

    Why can’t we get a straight answer on this? Last week we reported that a source familiar with the market regulation work at the Securities and Exchange Commission had told DealBreaker that the New York Stock Exchange is still not in compliance with government regulations meant secure the best price available for stock traders. The […]

    / Apr 9, 2007 at 3:57 PM
  • Exchanges, NYSE, Regulators, SEC

    NYSE: Still Not Complying With Reg NMS?

    The New York Stock Exchange is still not in compliance with government regulations meant secure the best price available for stock traders, a source familiar with the SEC’s regulatory work says. The National Market System regulation—known as “Reg NMS” to regulators and securities industry insiders—requires stock exchanges to provide smaller traders and individuals with access […]

    / Apr 5, 2007 at 10:13 AM
  • Goldman Sachs, Hank Paulson, NYSE, Treasury

    From The Desk Of Hank Paulson

    Duncan, I’m starting to get what you’re saying about these damn jabronis. Viva la hybrids! Best, H

    / Apr 3, 2007 at 12:56 PM
  • NYSE

    John Thain Loves Himself Some Good Car Bombs

    When we heard Diageo, owner of the Guinness brand, would be ringing the closing bell at the NYSE this afternoon, our initial reaction was, “Cute.” It’s cute that they’re doing it in honor of Carney’s favorite holiday and all that but when it comes down to it, it’s just a bell and they’re just ringing […]

    / Mar 16, 2007 at 12:34 PM
  • NYSE, Saint Patrick's Day

    Ringing The Bell With The Black Stuff

    One of the things about having a job is that it interferes with drinking. Tonight we’re scheduled to be on CNBC’s “On The Money”–more on that later–which means we’re going to have to adjust our plans to start celebrating Saint Patrick’s at lunch time today. But the word that the owner of the Guinness brand, […]

    / Mar 16, 2007 at 10:50 AM
  • NYSE

    NYSE Begins Stocking Virgins for Potential Terrorist Attack, Does Not Allow Us To Sample The Goods

    Yesterday we mentioned that there would be a bunch of bikini-clad babes courtesy of American Eagle Outfitters at 11 Wall Street, in honor of AE’s move to the NYSE, for a “spring break” kick-off bacchanal whatever type thing. We also said that we’d be heading down there with a camera and SPF 20 and would […]

    / Mar 8, 2007 at 12:05 PM
  • NYSE

    Is John Thain Trying To Make Amends With The Victims Of The Shanghai Surprise?

    This might be a step in the right direction: To celebrate American Eagle Outfitter’s move to the New York Stock Exchange, the company with 20 models decked in American Eagle’s spring collection – including short shorts, graphic tees, tanks, swim, and flip flops — will host a Spring Break party outside the Exchange on Thursday, […]

    / Mar 7, 2007 at 1:38 PM
  • NYSE

    REG NMS: Time Is A Luxury The NYSE Does Not Have

    The New York Stock Exchange is out of compliance with REG NMS, an SEC rule requiring that certain order get routed through various exchanges in order to bring customers the best price, according to CNBC’s Charlie Gasparino. The NYSE had requested a delay on Friday, saying it could not meet today’s deadline for compliance. Apparently […]

    / Mar 5, 2007 at 10:37 AM
  • Electronic Trading, Exchanges, Glitch, John Thain, Market Plunge, NYSE, Regulators, SEC, Wall Street Journal

    Thain: There Is No Investigation! Hybrid Rocks!

    Apparently no one at the SEC tipped off John Thain that they are looking into the alleged problems with the hybrid trading system. John Thain, head of the New York Stock Exchange, told CNBC’s Bob Pisani that there is no investigation by the Securities and Exchange Commission of trading problems at the the Big Board […]

    / Mar 1, 2007 at 1:05 PM
  • Electronic Trading, Exchanges, Glitch, Market Plunge, NYSE, Specialists

    GlitchWatch: John Thain In Defense of Specialists?

    Reading the remarks of John Thain is the new Kremlinology. As we noted in our earlier item, Thain defended the hybrid system yesterday. But one thing we didn’t get around to noticing until we re-watched the interview this morning is that hain defended not just the electronic aspects of the hybrid system but the human […]

    / Mar 1, 2007 at 11:34 AM

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