• 09 Jan 2013 at 6:18 PM

Exchange Follies: Consolidated Tape Edition

Just weeks after telling Congress that doing their jobs has become too damned hard, the stock exchanges are providing more evidence.

This time, the problem is the consolidated tape, which provides trade data. Seems it went out for about an hour at the New York Stock Exchange yesterday, making it tough to see in anyone had traded in 165 unimportant securities like State Street Corp. stock. And NYSE’s snafu follows a consolidated tape screw-up at Nasdaq last week; while NYSE’s server error only messed with some of its stocks, Nasdaq’s consolidated tape feed went totally blank on Thursday. Read more »

Authorities detained Glenn Neff, 27, after they spotted him in a red Jeep Cherokee that was parked in an isolated part of the park after closing time Monday. The vehicle, which contained fireworks, also was fitted with a turret and multiple tubes from which the explosives were to be deployed. Neff, a resident of Stuart, Fla., told authorities that he did not want to hurt anyone and was planning to detonate the fireworks to draw attention to himself and issues he had with the banking industry…According to his Facebook page, Neff attended Stetson University in Florida. He describes his occupation as “Humanity’s Last Best Hope for Freedom.” In an “open letter” posted on the site in January, Neff wrote, “I have come to the inescapable conclusion that the bankers at the Federal Reserve engineered this financial crisis on purpose. And ladies and gentlemen, I have figured out how to get rid of the b*stards.” [NYP]