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Keyword: nyse

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  • This is the last photo we’ll ever run of the NYSE trading floor

    10/03/2014 7:29:33 PM PDT · by george76 · 12 replies
    Market Watch ^ | Oct 1, 2014 | Jeremy Olshan
    The stock market ditched Wall Street years ago. The masters of the universe, like the Giants and Jets, now scrimmage across the Hudson River in New Jersey—their trading these days done almost entirely by computers piping algorithmic playbooks into a fortress of servers in Mahwah and other competing exchanges nearby. The small squads of human traders who remain on the floor at 11 Wall St., the New York Stock Exchange’s Teddy Roosevelt–era headquarters, are (for the most part) just playing fantasy football. Yet just as the Big Apple’s football teams kept their New York names after wedding themselves to the...
  • CEOs Of Stock Exchanges Brawl On CNBC Over High Freq. Trading As NYSE Floor Traders Go Crazy

    04/01/2014 1:52:28 PM PDT · by SeekAndFind · 29 replies
    Business Insider ^ | 04/01/2014 | Julia La Roche
    Two CEOs of exchanges got in a nasty brawl on CNBC's "Power Lunch" over high-frequency trading.  William "Bill" O'Brien, the CEO of BATS, slammed Brad Katsuyama, the CEO and president of IEX, and author Michael Lewis.Katsuyama is the hero in Michael Lewis' new book, "Flash Boys." His firm, IEX, is an alternative exchange. "I've been shaking my head a lot quite frankly the last 36 hours ... Michael and Brad, shame on both of you," he said, adding that they've possibly scared "millions of investors in an effort to promote a business model."CNBC correspondent Bob Pisani asked Katsuyama if he thought the...
  • Stocks plunge in U.S., Dow sinks 318 points

    01/24/2014 1:19:17 PM PST · by John W · 81 replies
    Yahoo News ^ | January 24, 2014 | Chris Nichols
    Stocks in the U.S. slumped at the end of the week, including a dive of 318 points for the Dow Jones Industrial Average, as traders caved in to worries about global stability and the health of various economies. Concerns about weak growth in China — a critical market for Western trade — melded with currency drops in countries such as India and Turkey, prompting investors to flee from stocks, which are viewed as riskier than bonds or gold. The S&P 500, a broad measure of the American market, lost 2% to 1,792 Friday, and the Nasdaq Composite slid 2.1% to...
  • ...Charges Two Brooklyn Men with Conspiring to Provide Material Support to al Qaeda

    04/30/2010 1:45:09 PM PDT · by Cindy · 17 replies · 385+ views
    Note: The following text is a quote: Manhattan U.S. Attorney Charges Two Brooklyn Men with Conspiring to Provide Material Support to al Qaeda PREET BHARARA, the United States Attorney for the Southern District of New York, GEORGE VENIZELOS, the Special Agent-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), and RAYMOND W. KELLY, the Police Commissioner of the City of New York, announced the indictment of U.S. citizens WESAM EL-HANAFI and SABIRHAN HASANOFF for allegedly conspiring to provide material support, including computer advice and assistance, to al Qaeda. EL-HANAFI and HASANOFF are expected to be presented...
  • NSA Foiled NYSE (New York Stock Exchange) Terrorist Plot, We Now Learn

    06/18/2013 9:58:07 AM PDT · by Zakeet · 76 replies
    Zero Hedge ^ | June 18, 2013
    To think it only took the world's most (in)famous whistleblower to get the NSA to disclose that it had heroically managed to prevent terrorist attacks involving the New York Stock Exchange (we supposed they refer to the Manhattan-based TV studio and not the actual exchange where the servers are now housed in Mahwah, NJ) and the NY Subway. Because whereas there was a time in the past when the various US secret services would scurry at the opportunity to disclose their expertise to the general public, now it is a false negative that is supposed to disprove a positive (pervasive...
  • We Have A Hindenburg Omen Sighting

    04/15/2013 3:50:44 PM PDT · by RobertClark · 10 replies
    ZeroHedge ^ | 04/15/13 | Tyler Durden
    Remember when the last time a cluster of Hindenburg Omens nearly toppled the market in August 2010 and the only saving grace was Ben Bernanke's QE2 announcement at Jackson Hole which sent risk soaring? Today, nearly three years later, we got the first instance of the Omen again. Will it be a one-off fluke, or a cluster, which is needed to confirm this dreaded technical formation? Stay tuned in the coming days to find out... The last cluster was Aug 2010 (and was only saved by Bernanke), the previous cluster was Oct 2007 and we know what followed... (red bars...
  • Why a spy was killed (The Mogilevich-Litvinenko Link)

    01/30/2008 2:12:44 PM PST · by Ivan the Terrible · 4 replies · 243+ views
    Guardian ^ | January 26, 2008 | Cathy Scott-Clark and Adrian Levy
    ...Litvinenko "was giving Scaramella lots of information about Russian and criminal infiltrations in Italy, but most of it was very difficult to verify and crosscheck. It was a little bit out on a limb." In the old days, Litvinenko had been familiar with criminal clans in Russia, now he was making risky approaches to the Italian mafia. Scaramella believed if they could get inside this network, they would be able to leverage much more damaging intelligence about Italian politicians. They spread their net wider. The Litvinenko dossier lists a dizzying roll call of names investigated by the pair, among them...
  • NY Stock Exchange Being Bought For $8.2B By Atlanta-based Intercontinental Exchange

    12/20/2012 7:00:17 AM PST · by SeekAndFind · 14 replies
    NPR ^ | 12/20/2012 | Mark Memmott
    <p>The New York Stock Exchange will be acquired by IntercontinentalExchange of Atlanta in a deal valued at about $8.2 billion, the two rivals confirmed Thursday morning.</p> <p>In matching press releases, they say the sale "combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates."</p>
  • All U.S. Equity Markets Closed Monday Due to Sandy (and Tuesday, pending confirmation)

    10/28/2012 8:33:38 PM PDT · by InMemoriam · 18 replies
    ZeroHedge.com ^ | 10/28/12 | Tyler Durden
    Late Updates - after a day of consultation and realization that if the algos were left alone to play then things could go a little pear-shaped - NYSE and NASDAQ will now be totally closed tomorrow: *U.S. EQUITY MARKETS TO CLOSE ON OCT. 29 FOR STORM, SEC SAYS *NEW YORK STOCK EXCHANGE TO CLOSE MARKETS FOR STORM *NASDAQ OMX MARKETS CLOSED TOMORROW ON HURRICANE SANDY :NDAQ US
  • Plot to attack Federal Reserve in NYC: Suspect thought he had 1,000-pound bomb, authorities say

    10/17/2012 7:04:32 PM PDT · by Nachum · 51 replies
    nbc ^ | 10/17/12 | Jonathan Dienst and Shimon Prokupecz, NBCNewYork.com
    Updated at 8 p.m. ET: NEW YORK - A suspected terrorist parked a van packed with what he thought was a 1,000-pound bomb next to the Federal Reserve building in Lower Manhattan and tried to detonate it Wednesday morning before he was arrested in a terror sting operation, authorities said. The suspect, 21-year-old Quazi Mohammad Rezwanul Ahsan Nafis, is a Bangladeshi national who came to the U.S. on a student visa in January for the specific purpose of launching a terror attack here, authorities said. He allegedly told an undercover agent last month that he hoped the attack would disrupt...
  • John Phelan, N.Y.S.E. Chief Who Ushered In New Technology, Is Dead at 81

    08/08/2012 5:56:59 PM PDT · by the invisib1e hand · 2 replies
    NY Times ^ | August 6, 2012, 11:26 am | WILLIAM ALDEN
    John J. Phelan Jr., a former chairman of the New York Stock Exchange who introduced computer technology to the Big Board in the 1980s and was widely praised for his calming response to the stock market crash of October 1987, died on Saturday in Manhattan. He was 81. After the 1987 crash, which shook investors' confidence in financial markets, Mr. Phelan coolly resisted calls to close the exchange, fearing that it would breed further panic. He rang the closing bell himself. "He deserves eternal credit for that,"Felix G. Rohatyn, a longtime investment banker who helped save New York from bankruptcy...
  • Breaking: NYSE Invokes Rule 48

    06/01/2012 10:45:48 AM PDT · by ex-Texan · 31 replies
    Economic Policy Journal ^ | 6/1/2012 | Economic Policy Journal Staff
    With indications that the Dow will open more than 170 points lower, the NYSE has invoked Rule 48. Specifically, the NYSE and NYSE MKT cash equities exchanges will invoke Rule 48 for this morning's opening. Mandatory opening indications are therefore not required. Overview of Rule 48:. Rule 48 provides the Exchange with the ability to suspend the requirement to disseminate price indications and obtain Floor Official approval prior to the opening when extremely high market-wide volatility could cause Floor-wide delays in opening of securities on the Exchange. Rule 48 is intended to be invoked only in those situations where the...
  • Ten Arrested as Obama Endorsed #OWS Goons and Thugs Try to Occupy Federal Building across from NYSE

    04/17/2012 1:33:16 PM PDT · by combat_boots · 6 replies
    Atlas Shrugs ^ | April 17, 2012 | Pam Geller et al
    Fresh off this past weekend's #OWS anarchy and the panic that ensued (#OWS Leader assaulted NYPD with metal pipes, #OWS occupiers tried to take over a federal building across the the New York Stock Exchange. Expect a long, brutal hellish summer from these goons. May day will be gruesome.The attempt to create a Zucotti like camp on Federal grounds was successfully thwarted. I ❤ NYPD!I, for one, will actively work for NYPD Police Commissioner Ray Kelly for mayor.  Let us all urge him to run. All of America would get behind his campaign. Resident living across the street from  the...
  • 10% Of Trades On The NYSE Involve A Single Notorious Company

    02/10/2012 10:53:20 AM PST · by SeekAndFind · 8 replies
    Business Insider ^ | 02/10/2012 | AP
    NEW YORK (AP) — On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear. It's Bank of America — bailed out by the government three years ago, reviled for being part of the mortgage frenzy that helped wreck the economy and selling for not much more than an ATM fee. When the market goes up because of positive news about the economy, Bank of America stock shoots up past the stocks of...
  • NYPD: Counter Terrorism Units (Wall Street Protection of Utmost Importance in Post 9-11 Era) vs. OWS

    11/17/2011 12:46:30 AM PST · by AmericanInTokyo · 28 replies
    "Lower Manhattan Security Initiative (LMSI): The Lower Manhattan Security Initiative (LMSI) is a networked surveillance project designed to detect threats and perform pre-operational terrorist surveillance south of Canal Street in Lower Manhattan. LMSI combines an increased police presence with technology to accomplish its mission. At the heart of this initiative is the public-private partnership fostered amongst the NYPD, private entities, and public agencies in Lower Manhattan to create an information sharing environment and better defend against potential threats to the nation's financial capital. The Lower Manhattan Security Coordination Center (LMSCC), staffed 24/7 by NYPD officers, recently opened in November 2008...
  • 'Anonymous' takes down NYSE.com for 1 minute

    10/10/2011 2:57:40 PM PDT · by smokingfrog · 19 replies
    Chicago Tribune ^ | 10 Oct 2011 | CNN Money
    4:07 p.m. CDT, October 10, 2011 Anonymous' call for a massive attack on the New York Stock Exchange's website was met Monday -- but very, very briefly. A group calling itself Anonymous, a name used by disparate groups of online "hactivists," threatened to take down NYSE.com at 3:30 p.m. ET today as an extension of the "Occupy Wall Street" demonstrations that have continued into a fourth week. The website was slow and then unavailable from about 3:35 p.m. to around 3:37 p.m, after which it returned to normal. Keynote, an Internet monitoring company, confirmed that NYSE.com slowed down during that...
  • Anonymous threatens to “erase” the New York Stock Exchange from the Internet

    10/04/2011 1:51:23 PM PDT · by Lucky9teen · 37 replies
    Ever since Occupy Wall Street protests began mid-September, the hacker collective Anonymous has been posting its support for protestors and threats against those like the New York Police Department, on its YouTube channel. In its most recent post over the weekend, Anonymous threatens to “erase” the New York Stock Exchange from the Internet. Anonymous includes instruction on its video for people to "JOIN THE RAID". When? October 10. Watch the group’s video threat — a message to the media — of a day that will “never, ever be forgot:” As PC Magazine reports the threat, it notes that Anonymous does...
  • U.S. stocks open sharply lower; Rule 48 invoked

    09/06/2011 6:45:47 AM PDT · by TigerLikesRooster · 32 replies
    Market Watch ^ | 09/06/11 | Kate Gibson
    Sept. 6, 2011, 9:37 a.m. EDT U.S. stocks open sharply lower; Rule 48 invoked By Kate Gibson NEW YORK (MarketWatch) - U.S. stocks fell sharply Tuesday as worries about European debt and the U.S. economy intensified. The Dow Jones Industrial Average DJIA -2.31% fell 275.26 points to 10,965.00. The Standard & Poor's 500 Index SPX -2.51% shed 29.60 points to 1,144.37. The Nasdaq Composite Index COMP -2.18% declined 56.61 points to 2,423.72. /snip Markets invoked Rule 48 for the open, lifting a requirement calling for price indications that help determine the floor price at the start to smooth trade.
  • No joy in selling the NYSE to the Germans

    07/07/2011 11:40:55 AM PDT · by buzzer · 31 replies
    MarketWatch ^ | 07/07/2011 | David Weidner
    <p>NEW YORK (MarketWatch) — The Germans, or at least Volkswagen AG, have a word for the joy of driving, “fahrvergnugen.” What they don’t have is a word for the joy of selling your national stock exchange to the Deutsche Boerse. Turns out they don’t need one.</p>
  • Nasdaq and ICE withdraw NYSE bid (Clears way for Deutsche Bourse)

    05/16/2011 6:45:08 AM PDT · by SeekAndFind · 1 replies
    CNN Money ^ | 05/16/2011 | Aaron Smith
    NEW YORK (CNNMoney) -- The Nasdaq OMX Group Inc. (NDAQ) and the IntercontinentalExchange (ICE) withdrew their offer to buy NYSE Euronext (NYX, Fortune 500), following discussions with the antitrust division of the U.S. Department of Justice, the companies said Monday. Nasdaq and ICE have been trying to gain favor with the NYSE board for their $11.3 billion offer since April, most recently taking it directly to the NYSE shareholders. Even that wasn't enough to appease the Justice Department. "We took the decision to withdraw our offer when it became clear that we would not be successful in securing regulatory approval...
  • NYSE rejects ICE-NASDAQ buyout, sticks with the offer from Deutsche Börse

    04/11/2011 9:27:43 AM PDT · by SeekAndFind · 2 replies
    NYSE Euronext has rejected an $11.3 billion buyout offer made by Atlanta-based IntercontinentalExchange Inc. and NASDAQ OMX. ICE (NYSE: ICE) and NASDAQ (NASDAQ: NDAQ) said in a joint statement NYSE Euronext's board of directors “without engaging in any dialogue or discussion, has summarily elected to deny its stockholders the opportunity to benefit from a clearly superior proposal to the announced transaction with Deutsche Börse, a proposed transaction that is indisputably financially inferior.” The NASDAQ-ICE bid for the New York Stock Exchange is in competition with a $10.2 billion offer made by Deutsche Börse AG, Germany’s biggest exchange. The two also...
  • NYSE: An American Icon "Sold to A Bunch of Foreigners"

    02/15/2011 2:32:02 PM PST · by GVnana · 52 replies
    BigGovernment ^ | 2/15/2011 | Samir Kapadia
    It’s official. The New York Stock Exchange has been sold to, in one CNBC anchor’s words, ‘a bunch of foreigners’. The iconic trading floor of the NYSE was tense this morning as CNBC’s Mark Haines’ grilled CEO Duncan Niederauer on the just announced merger of Deutsche Börse and the NYSE, a deal resulting in the creation of the world’s largest share- and derivatives-trading platform.
  • Nachtmare on Wall Street -- An American institution goes kaput (NYSE bought by Germans )

    02/15/2011 10:13:54 AM PST · by Ernest_at_the_Beach · 32 replies · 1+ views
    MarketWatch ^ | Feb. 15, 2011, 10:51 a.m. EST
    NEW YORK (MarketWatch) — This one hurts. The Deutsche Boerse /quotes/comstock/11i!dboey (DBOEY 8.14, -0.12, -1.45%)  and NYSE Euronext Group /quotes/comstock/13*!nyx/quotes/nls/nyx (NYX38.24, -1.21, -3.07%)  unveiled their merger plan Tuesday. Now may be a good time to brush up on how to make an umlaut on your keyboard. Under the terms of the deal, the Germans will control it all: a 60% majority stake, control of the board and chairmanship, a headquarters in Europe — and the CEO? He’s American, but his name is Niederauer. Read the full story on the Deutche Boerse–NYSE deal. Though the deal doesn’t really pose a threat...
  • Merger Could Take NYSE Out of American Control

    02/11/2011 6:56:57 AM PST · by OldDeckHand · 12 replies
    NBC New York ^ | 02/11/2011 | CHRIS GLORIOSO
    A German company is in high-level talks to acquire the New York Stock Exchange, Wall Street's most recognizable institution. According to reports published in both the German and American financial press, Deutsche Borse, a Frankfurt-based stock exchange is seeking to take a 60 percent ownership interest in the NYSE. The merger would create the world's largest financial exchange. News of the deal sent both NYSE and Deutsche Borse stock soaring Thursday. If US and European regulators sign off on the plan, the new parent company would have dual headquarters in Germany and America. The merger is not expected to result...
  • Germans in Talks to Buy Big Board

    02/10/2011 6:25:27 AM PST · by SoFloFreeper · 9 replies
    Wall Street Journal ^ | 2/10/11 | By E.S. BROWNING, JACOB BUNGE and AARON LUCCHETTI
    After 219 years as the citadel of American capitalism, the New York Stock Exchange was near an agreement to be acquired by Deutsche Börse AG in a deal that would create the world's largest financial exchange.
  • Planned Deal Marks NYSE's Decline (Germans Are Buying U.S. Stock Exchange)

    02/10/2011 6:19:22 AM PST · by SoFloFreeper · 9 replies
    Wall Street Journal ^ | 2/10/11 | AARON LUCCHETTI And MARY PILON
    The New York Stock Exchange has been bruised for years by rising competition and electronic trading. But its decline as a symbol of American financial clout was punctuated by Wednesday's announcement that parent company NYSE Euronext is nearing agreement to be bought by Deutsche Börse of Germany.
  • NYSE, Deutsche Börse in Deal Talks

    02/09/2011 10:04:04 AM PST · by buzzer · 4 replies
    wsj ^ | FEBRUARY 9, 2011, 12:51 P.M. ET | JACOB BUNGE And WILLIAM LAUNDER
    NYSE Euronext and Deutsche Börse AG confirmed that they were in advanced merger talks, in a combination that would create one of the world's largest share- and derivatives-trading platforms. Duncan Niederauer, chief executive of NYSE Euronext, would serve as CEO of the combined entity, according to a statement from the companies confirming the discussions. The company would have dual headquarters—in New York and Frankfurt—with an executive committee equally drawn from both organizations. Reto Francioni, Deutsche Börse's CEO, would become chairman and be based in Frankfurt. No deal has yet been reached, according to the companies.
  • Purple Homosexualist 'Spirit Day' Saturates U.S. Schools, Media, Stock Exchange

    10/22/2010 8:44:02 PM PDT · by massmike · 45 replies
    lifesitenews.com ^ | 10/22/2010 | Kathleen Gilbert
    An Internet-born movement to encourage solidarity with teen victims of gay bullying has spurred several celebrities, schools, and media to officially promote the pro-homosexual campaign by wearing purple this past Wednesday. A young woman named Brittany McMillan, who spread the idea on her Tumblr account, and was championed by the Gay & Lesbian Alliance Against Defamation (GLAAD), reportedly began the movement, which is intended to memorialize homosexual youths who have killed themselves. Several media outlets endorsed the movement, including CNBC, the Today Show, E!, HGTV, Philadelphia Magazine, Ms. Magazine, The View, and numerous Spanish-language media. Even the New York Stock...
  • Stocks Surge More Than 2%; Caterpillar Rises

    09/01/2010 10:00:23 AM PDT · by SMCC1 · 22 replies
    CNBC ^ | September 1, 2010 | Abby Schultz, JeeYeon Park
    Stocks surged the first trading day of September after a report showed U.S. manufacturing has surprising strength, and after news of strength in the global economy. The markets also shrugged off news of a decline in auto sales.
  • Market Analysts Say: False Hindenburg Omen Signal

    08/26/2010 1:33:01 PM PDT · by FourPeas · 13 replies
    Fox Business ^ | 26 Aug 2010 | Elizabeth MacDonald
    Way too much attention paid to the Hindenburg Omen, that this dreaded technical pattern flashed a negative signal recently in the markets, indicating a coming crash. Supposedly two Omen signals flashed fire engine red recently. But market analysts say that didn’t happen. A 50-year old financial newsletter writer, James Miekka built the Hindenburg Omen in 1995 using a calculus essentially based on Norman G. Fosback's High Low Logic Index. It essentially looks at stocks trading at 52-week highs and lows, and more moving parts that must miraculously line up in syzygy for the Hindenburg Omen to be set alight and...
  • "Expendables" cast rings the NYSE bell

    08/25/2010 7:56:23 AM PDT · by Callahan · 8 replies
    AP via Drudge ^ | 8/25/10 | Me
    "The Expendables" is a tribute to 80s action fare starring Stallone, Dolph Lundgren, Stone Cold Steve Austin, Terry Crews, Jet Li, Jason Statham and every other middle-aged action guy you can think of--except Jean Claude Van Damme and Seagal (too bad lol). Drudge is headlining this pic from their visit to the NYSE as a commentary on the struggling market. I thought it was cool because I'm a lifter and a connoisseur of dumb action movies. Plus Stallone is a patriotic guy by Hollywood standards. Too bad the economy isn't as jacked as Terry.
  • Markets TANK In Final Moments Of The Day: Here's What You Need To Know

    05/26/2010 1:21:20 PM PDT · by blam · 50 replies · 2,113+ views
    The Business Insider ^ | 5-26-2010 | Joe Weisenthal
    Markets TANK In Final Moments Of The Day: Here's What You Need To Know Joe Weisenthal May 26, 2010, 4:00 PM After surging by as much as 2% at one point, markets collapsed in the final moments of the day, a session that will prove very dispiriting for the bulls. But first, the scoreboard: Dow: -70 (below 10,000!) S&P 500: -6.2 NASDAQ: -15.07 And now, the key stories. * Once again, the see-saw market is the story of the day. Stocks were up very big early, following a good overnight session, and then collapsed in the final hour. * The...
  • Wall Street pares losses on materials and retail (Dow to finish above 10000 today, how convenient!)

    05/25/2010 12:50:20 PM PDT · by frogjerk · 17 replies · 1,095+ views
    NEW YORK (Reuters) - Stocks sharply cut losses on Tuesday as shares of basic materials and retail-related companies advanced. The Dow Jones industrial average (DJI:^DJI - News) dropped 112.53 points, or 1.12 percent, to 9,954.04. The Standard & Poor's 500 Index (^SPX - News) fell 9.46 points, or 0.88 percent, to 1,064.19. The Nasdaq Composite Index (Nasdaq:^IXIC - News) lost 22.70 points, or 1.03 percent, to 2,190.85. Indexes opened down nearly 3 percent.
  • Speedy New Traders Make Waves Far From Wall St. [HFT]

    05/18/2010 12:53:47 PM PDT · by CutePuppy · 22 replies · 766+ views
    CNBC / NYTimes blog ^ | May 17, 2010 | Julie Creswell
    Above the Restoration Hardware in this Jersey Shore town, not far from the Navesink River, lurks a Wall Street giant. Here, inside the humdrum offices of a tiny trading firm called Tradeworx, workers in their 20s and 30s in jeans and T-shirts quietly tend high-speed computers that typically buy and sell 80 million shares a day. But on the afternoon of May 6, as the stock market began to plunge in the “flash crash,” someone here walked up to one of those computers and typed the command HF STOP: sell everything, and shutdown.Across the country, several of Tradeworx’s counterparts did...
  • Dow Jumps 404.71; Nasdaq Up 4.8%

    05/10/2010 2:06:30 PM PDT · by Biggirl · 27 replies · 1,024+ views
    http://online.wsj.com/ ^ | May 10, 2010 | Donna Kardos Yesaiavich And Kristina Peterson
    The Dow Jones Industrial Average jumped 404.71 points, or 3.9%, to 10785.14, helped by gains in all 30 of its components. The average had its biggest one-day gain in both point and percentage terms since March 23, 2009. The Standard Poor's 500-stock index rose 4.4% to 1159.73, led by its financial and consumer-discretionary sectors, up more than 5% each. All the broad measure's other indexes posted gains as well.
  • Dow Futures Soar 400 Points

    05/10/2010 5:37:57 AM PDT · by GOP_Lady · 17 replies · 749+ views
    The Wall Street Journal ^ | 05-10-10 | STEVE GOLDSTEIN
    U.S. stock futures surged Monday, tracking a rally in European markets as investors cheered a European Union plan designed to stave off a run on the euro. More than three hours before the start of trading, Dow Jones Industrial Average futures jumped 403 points higher to 10738. The S&P 500 futures soared 54.4 points to 1161.5 and Nasdaq 100 futures gained 79.25 points to 1927.75. Changes in futures do not always accurately predict early market moves after the opening bell. The 54.4 point advance for the S&P 500 contract far exceeds any one-day advance this year, though it still wouldn't...
  • Nasdaq, NYSE to Cancel Some Trades Made During Selloff

    05/06/2010 3:59:06 PM PDT · by The Magical Mischief Tour · 92 replies · 4,646+ views
    CNBC ^ | 05/06/2010 | CNBC
    Nasdaq Operations said it will cancel all trades executed between 2:40 p.m. to 3 p.m. showing a rise or fall of more than 60 percent from the last trade in that security at 2:40 p.m or immediately prior. Nasdaq said the stocks affected and break points will be disseminated soon.
  • After Stocks Blow Fuse, Circuit Breakers?

    05/08/2010 8:31:54 AM PDT · by Slyscribe · 12 replies · 447+ views
    Investor's Business Daily ^ | 5/7/2010 | Jed Graham and Reinhardt Krause
    Exchanges, regulators and lawmakers scrambled Friday to figure out what triggered Thursday's stunning market plunge and what possible fixes might be made to prevent a repeat performance. One remedy that seemed to quickly be gaining momentum is to implement "rules that stop trading in an individual security if things get too wild," according to former SEC economist Larry Harris. In a CNBC interview on Friday, Nasdaq OMX Group CEO Bob Greifeld also threw his weight behind the idea of universal circuit-breakers
  • Feds trace flash crash to Chicago

    05/07/2010 6:02:41 PM PDT · by Nachum · 77 replies · 2,504+ views
    politico ^ | 5/7/10 | EAMON JAVERS
    Federal investigators probing the “flash crash” that briefly sliced nearly 1,000 points off the Dow Thursday are zeroing in on a series of “unusually high-volume” trades in S&P futures that originated in Chicago, a government official told POLITICO. Those trades set off a chain reaction of trades that caused the biggest drop within a single day in the Dow Jones Industrial Average’s storied history.
  • NYSE And NASDAQ Going To War Over "The Glitch"

    05/07/2010 6:21:47 AM PDT · by blam · 6 replies · 464+ views
    The Business Insider ^ | 5-7-2010 | Joe Weisenthal
    NYSE And NASDAQ Going To War Over "The Glitch" Joe Weisenthal May. 7, 2010, 9:13 AM Yesterday's glitch is producing some fascinating tension between the NASDAQ and the NYSE, or more broadly, tension between old-style trading, and super-fast electronic trading. On CNBC, NYSE Euronext CEO Duncan Niederaur is on defending his firm against charges from the NASDAQ that it was their specialists who walked away and caused volume to disappear. "The other markets traded through us... the depth of book on these electronic markets is very thin." "We never traded P&G down." The whole thing, he says: "Certainly reduces credibility...
  • Times Square Shut Down Due To Suspicious Vehicle

    12/30/2009 8:37:59 AM PST · by Sub-Driver · 132 replies · 6,817+ views
    Times Square Shut Down Due To Suspicious Vehicle 42nd Street And Broadway Closed As NYPD Investigates Park White Van NEW YORK (CBS) ― The NYPD has closed down part of Manhattan's Times Square in response to a report of a suspicious vehicle, CBS 2 HD has learned. Police blocked off Broadway at 42nd Street just after 11 a.m. Wednesday to investigate a white 1992 Dodge van with tinted windows that has been parked at the location for two days. The van has temporary plates and a tarp is covering the windows, police say.
  • NYSE Open Disrupted By Flood Of Orders

    10/30/2009 12:12:19 PM PDT · by blam · 10 replies · 1,096+ views
    Yahoo - Reuters ^ | 10-30-2009
    NYSE Open Disrupted By Flood Of Orders On 2:44 pm EDT, Friday October 30, 2009 NEW YORK (Reuters) - A huge influx of orders prevented the New York Stock Exchange from disseminating quotes shortly after the start of trading on Friday. (NYSE:NYX - News; Paris:NYX.PA - News), the parent of the exchange, said the delays followed "an inordinate influx" of orders received as Friday's session got under way. Later in the session, the company had to temporarily transfer quote processing to a backup system. The exchange's quote delays caused some tickers to be locked, but an NYSE spokesman said "trades...
  • Dow Jones Biggest Loss in 3 months (-207); NASD down 3%

    10/01/2009 1:08:46 PM PDT · by montag813 · 38 replies · 1,413+ views
    A retail downgrade by Saks and larger than anticipated jobless filings, coupled perhaps with nervousness over Friday's jobs report (8:30am) led the market to a broad decline, which accelerated into fresh lows in the last hour.
  • NYSE Begins Extensive Renovation of Trading Floor

    07/20/2009 11:33:57 AM PDT · by shoptalk · 8 replies · 478+ views
    Traders Magazine ^ | July 20, 2009 | Peter Chapman
    NYSE Euronext has launched a major renovation of its stock-trading floor. Over the next 18 months, the exchange operator plans to demolish much of its Main Room where NYSE-listed securities are traded and build large sit-down trading areas for brokers. The goal is to encourage brokers with existing floor operations to situate all or some of their upstairs trading operations on the floor, giving them a unified trading environment and, hopefully, generate more volume for the NYSE. "We are going to create a refreshed look for the floor trading community and create traditional trading desks," Bob Airo, a senior vice...
  • Goldman Code Theft BOMBSHELL?

    07/08/2009 1:06:48 PM PDT · by crosstimbers · 46 replies · 1,749+ views
    The Market-Ticker ^ | July 8, 2009 | Karl Denninger
    FLASH** Goldman Code Theft BOMBSHELL? Something really ugly popped up on Daily Kos yesterday late in the afternoon..... ...GS, through access to the system as a result of their special gov't perks, was/is able to read the data on trades before it's committed, and place their own buys or sells accordingly in that brief moment, thus allowing them to essentially steal buttloads of money every day from the rest of the punters world. Two things come out of this: 1. If true, this should be highly illegal, and would, in any sane country result in something like what happened to...
  • Goldman Code Theft BOMBSHELL?

    07/08/2009 1:16:21 PM PDT · by hripka · 7 replies · 730+ views
    The Market Ticker ^ | July 07, 2009 | Karl Denninger
    Something really ugly popped up on Daily Kos yesterday late in the afternoon..... ...GS, through access to the system as a result of their special gov't perks, was/is able to read the data on trades before it's committed, and place their own buys or sells accordingly in that brief moment, thus allowing them to essentially steal buttloads of money every day from the rest of the punters world. Two things come out of this: 1. If true, this should be highly illegal, and would, in any sane country result in something like what happened to Arthur Andersen... (2. ... is...
  • NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary

    07/05/2009 12:28:00 PM PDT · by BGHater · 8 replies · 408+ views
    Zero Hedge ^ | 30 June 2009 | Tyler Durden
    In a move set to infuriate and send many Zero Hedge readers over the top, the NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock Exchange. This basically ends our weekly Program Trading updates disclosed every Thursday indicating that Goldman has singlehandedly captured all of NYSE's program trading. In an information memorandum released on June 24 (09-31), the NYSE Regulation team has announced the Decommissioning of the Daily Program Trading Report (DPTR). From the memo: The New York Stock Exchange...
  • The end of Data Transparency at NYSE

    07/01/2009 12:42:59 PM PDT · by Danae · 26 replies · 1,506+ views
    Examiner.com ^ | 7/1/2009 | Dianna Cotter
    The NYSE has announced the end of Daily Program Trading Report (DPTR). As of July 14th, the NYSE will no longer be releasing real unmodified data. According to ZeroHedge, one of the web’s single most accurate Blogs on Financial Markets, the NYSE has chosen to remove the transparency into all financial transactions happening in the Market. "The Exchange has filed with the SEC to implement the decommissioning of the DPTRrequirement following the July 10, 2009 trade date. Accordingly, the last required submission of the DPTR will be on July 14, 2009, which is the second business day after the last...
  • NYSE Executives: More Regulation Of Dark Pools Needed (distorted stock price?)

    05/21/2009 8:31:10 PM PDT · by TigerLikesRooster · 8 replies · 482+ views
    Nasdaq ^ | 05/21/09 | Geoffrey Rogow
    NYSE Executives: More Regulation Of Dark Pools Needed By Geoffrey Rogow, Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- As the proliferation of dark pools continues to eat into exchanges' share of trading volume, exchanges may look to Washington for help. Executives from NYSE Euronext (NYX) said Tuesday dark pools, electronic- trading venues where money managers trade large blocks of shares anonymously, are essentially "free riding" on the stock prices they provide. In addition, as these dark pools continue to grow in volume, they are making stock prices on exchanges less legitimate, according to NYSE executives. Notably, exchanges are regulated...
  • The New Stock Market

    11/28/2008 12:55:36 PM PST · by Vince Ferrer · 16 replies · 1,192+ views
    Minyanville ^ | November 25 | Mr. Practical
    First, as my trader friends point out, there no longer really is a stock market. Liquidity is so bad that prices do not really reflect new information. Rather is reflects volatility due to buying and selling by fewer and fewer participants as either people neither have the money or desire to trade. The stock indexes have moved more in the last 50 days than they have for the last 50 years.