SEC officials on Thursday told exchanges to work with other market players to come up with “comprehensive action plans” to ensure that the data feeds are resilient, and to ensure the soundness of other “critical infrastructure systems,” according to an SEC statement.
Thursday’s SEC meeting, attended by top executives from exchange operators Nasdaq, NYSE Euronext, BATS Global Markets Inc., Direct Edge Holdings LLC, and others, was marked by one snafu. Nasdaq Chief Executive Robert Greifeld was 40 minutes late due to transportation problems, according to people who attended.
And lest you thought that (slowly outgoing) CFTC Chief Gary Gensler was going to let Mary Jo have all the fun, think again. Read more »
Update: And the winner is “Somewhere in DFW” with the closest time without going over (before an announcement was made with the actual time), 2:57PM. SIDFW, get in touch to collect your winnings! Read more »
CBOE Holdings Inc. technology staff knew of software issues in the hours before the largest U.S. options exchange suffered a three-hour outage, according to people briefed on discussions among CBOE officials.
Staffers at the company, which operates the Chicago Board Options Exchange, were confident they could fix the issues, CBOE executives have told colleagues and others outside the company. One area of focus by CBOE Thursday and Friday has been whether the exchange should have moved to a backup system to be safe, the people briefed on the discussions said….
The CBOE suffered a drop in its market share in some contracts Friday. One trader likened the volume drop to the company being sent to the “penalty box.”Read more »
FYI, just received the below…Are they back???!!
From: TRADER MONTHLY
Date: Tue, Dec 22, 2009 at 7:05 PM
Subject: Your Subscription to TRADER MONTHLY
Your subscription order form for Trader Monthly has been accepted and you will start to receive your first magazine in 6-8 weeks.