Times Square may be a Dantean circle of hell, but it’s Nasdaq’s Dantean circle of hell. It’s also a telegenic Dantean circle of hell, or at least one that media types find conveniently reached from their own Dantean circles of hell. So they’re sprucing the place behind the giant Nasdaq billboard up for the hacks who don’t seem to notice the decreasing importance of what else happens therein. Read more »
Except for being acquired by a company in Atlanta, 2013′s been a great year for the New York Stock Exchange: Its technological snafus have been less glaring than those of a certain rival. Its big-name tech IPOs have gone off without a hitch and without the need to pay regulators and investors a combined $52 million. Its CEO managed to make it to a meeting with the SEC on time. And one more thing—it finally beat the aforementioned “tech-heavy” exchange in tech IPOs by volume. Read more »
Bob Greifeld Happy He Won’t Be The Only Exchange Chief Not Celebrating An Artificial Milestone TomorrowBy Jon Shazar
Unlike the Dow or the S&P, the Nasdaq Composite Index isn’t going to break any records this year. That will have to wait until next year, and that is assuming that the Nasdaq can do next year what it’s done this year, which is beat both the Dow and S&P and return 30%-plus.
Given said 30%-plus return this year (32.92% and counting), and given all the hoopla that surrounded the other indices’ record-setting ways, it would have been very nice, at least, for the Nasdaq to settle at or above a nice, round number, one that it hasn’t seen in 13 years. Well, that, too, will have to wait for another day. Read more »
No points for guessing why.
Nasdaq said in a notice to traders it halted trading on its Nasdaq Options Market, known as NOM, at 10:56 a.m. EDT. The halt came after an alert earlier in the morning that said Nasdaq was investigating problems with the market erroneously canceling some orders….
Nasdaq OMX’s other two options exchanges were operating normally, as was the exchange operator’s equities market, according to a spokesman. Nasdaq is investigating the issue, he said.
It’s not been a great week for Bob Greifeld & Co., beginning with a rare human-error trading problem on Tuesday, followed by the media discovering that it might have been able to prevent it’s last really big screw-up had it bothered to do something. So it’s going to take it’s time to figure this one out.
Nasdaq OMX said Friday it halted trading at 10:36 a.m. Eastern Time and announced at 2:10 p.m. that it would shut down options trading for the rest of the day. Regular stock trading on the Nasdaq Stock Exchange was not affected.
It was unclear when options trading would resume.