Some NYSE partisans got a little teary and sentimental, but the Big Board still managed to sidestep on of the remaining potential landmines on its path to selling itself to a teenage futures exchange in Atlanta. Read more »
Commence the groveling! Read more »
The IntercontinentalExchange really, really wants the Liffe. Oh yea, and the New York Stock Exchange, too. Sure. But it’s really, really worried that those damned antitrust bureaucrats are going to screw them, as they are wont to do.
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 »
U.S. exchanges have become a handful to handle. It seems that all of the order types they’ve instituted over the years to keep customers and regulators happy may have had the opposite result.
But it’s not Elizabeth Warren or Bernie Sanders or some other Capitol Hill communist levying these charges. It’s the exchanges themselves. And rather than doing something about the things they’ve done to make themselves “overly complex and opaque” at the expense of ordinary investors, they’d prefer to have Congress make them do something. Read more »
CEO Of NYSE Wants To Take A Meeting With The Guy Who Tweeted The Exchange Was Under 3 Feet Of Water During Hurricane Sandy So He Can Say It To His Face, Or SomethingBy Bess Levin
Unclear if this sit-down will take place at Louis’ Restaurant in the Bronx, or if Duncan Niederauer went on to say, “Let’s see how tough he is without his Twitter handle.” Read more »