Luckily, Robert Greifeld was able to solve that problem faster than the problem that led to the little get-together.

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 »

  • 22 Aug 2013 at 1:17 PM

Call The (Nasdaq) (Re)open (UPDATE)

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 »

You would think that after busting his ass for four miserable years, getting (figuratively, that we know of) pissed on by his boss, fucked with by Joe Biden, shat on by heads of public companies, and bitched out by John Mack, that things could go his way, just once. That after having surgery to remove a gigantic kidney stone, being forced to watch his vacant Larchmont home sit on the market, having to reduce his asking price for a first and then second time, the stars could once– just once!– align in his favor. You would think all of this, but you would be wrong. Read more »

  • 07 May 2013 at 5:09 PM

CBOE Taking Its Time To Figure Things Out

The CBOE is going to move a little less expeditiously on extending the trading day to avoid further unplanned truncations of the trading day. Read more »

Also, it’s pretty sure that it’s fixed the software glitch and that won’t probably won’t might not happen again. Read more »

  • 29 Apr 2013 at 6:11 PM

Misplaced Confidence At The CBOE

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 »

The people who run stock exchanges say they’ve become too hard to run, and routinely blame the many, many errors made on too many regulations.

The regulators have a solution: more regulation. And, their earlier gripes notwithstanding, the exchanges agree. Read more »

  • 23 Dec 2009 at 10:53 AM

The People Who Brought You Tim Sykes May Be Back

Though probably not.
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FYI, just received the below…Are they back???!!
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.