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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...

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 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...

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...

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...

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 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 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...

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.

United States Marine Corps Commandant General James T. Conway will visit the New York Stock Exchange and ring The Opening Bell on Tuesday, November 11 to commemorate the 90th anniversary of Veterans Day. At 9:20 a.m., the New York Stock Exchange observes two minutes of silence (9:20 - 9:22 a.m.) in honor of America's veterans and the brave men and women of the Armed Forces. There will also be a cake cutting ceremony on the Trading Floor to celebrate the 233nd birthday of the U.S. Marine Corps. >>>>>>>>>>>>>>>>>>>> Link to General James T. Conway's bio>>>>>>>>>>>>>>>>>>> A live webcast of The...

As harrowing as the U.S. stock market's plunges have been in recent days, they still haven't been enough to trigger the "circuit breaker" mechanisms that result in an automatic timeout in trading. The Big Board implemented the automatic halts after the stock market crashed in the late 1980s to force traders to take a break from frenzied selling. But even amid the massive losses seen in the market this week, the thresholds have yet to be breached, unlike in many other nations which have temporarily suspended trading multiple times. On Friday, the stock exchange in Vienna was suspended until midday...

Since they had the power to do this when facing economic crisis after 9/11...why not close the markets on Friday...Monday...until the deal is done? Seems like the panic has a lot to do with resolving before the markets open again... OK, don't throw the tomatoes too hard....

NEW YORK (Reuters) - Sweeping government measures to rescue the financial system and restore confidence in shaky markets spurred a huge relief rally in stocks on Friday, ending a week that saw the most dramatic reshaping of the financial landscape since the Great Depression. Led by Treasury Secretary Henry Paulson, officials are working on a solution to take over hundreds of billions of dollars worth of lethal mortgage debt. In another extraordinary action, the U.S. joined the United Kingdom in temporarily banning bets that financial stocks will fall and also said it will use $50 billion to back money-market mutual...

NEW YORK (Reuters) - Former New York Stock Exchange chief Richard Grasso won a knockout victory on Tuesday in his four-year fight to keep every last penny of his $187.5 million pay package, as an appeals court threw out the state's remaining claims against him. The ruling, Grasso's second court victory in the past week, prompted New York Attorney General Andrew Cuomo to throw in the towel. The New York Supreme Court's appellate division, in a 3-1 vote, dismissed two legal claims against Grasso brought by former Attorney General Eliot Spitzer in 2004. The ruling follows a decision last week...

The largest stock exchange on Earth is a Linux shop. NYSE Euronext has chosen Red Hat's Linux offerings to power the critical financial trading platform that services approximately $141 billion in daily trading volume. Financial terms of the deal are not being publicly disclosed at this time. The stock exchange win is a dramatic victory for Red Hat and for Linux as the NYSE and its family of exchanges will be migrating from HP UX, IBM AIX, and SUN Solaris to Red Hat Enterprise Linux. NYSE Euronext (NYSE: NYX) operates multiple exchanges including, the New York Stock Exchange, Euronext, Liffe,...

The U.S. Treasury is struggling with how to handle any political or Islamic ramifications as Persian Gulf sovereign wealth funds look to make substantial investments in capital-poor American banks and securities firms. The crisis in mortgage-backed securities has created a need for new capital to enter financial markets after major financial institutions such as Bear Stearns and Carlyle Capital Corp. failed over the weekend. The crisis is an opportunity for sovereign wealth funds that have prospered as the price of oil has soared over $110 a barrel. WND previously reported sovereign wealth funds in six Persian Gulf countries, including Kuwait,...

Eliot Spitzer’s downfall as governor last week may have roots in pursuit of wealthy bankers while state attorney-generalIN early 2004 Eliot Spitzer was at the height of his powers as the sheriff of Wall Street, the highflying New York prosecutor who had set his sights on the cosy corporate kleptocracy that was pocketing millions from insider deals while ordinary investors went bankrupt. His latest victim was Richard Grasso, the chief executive of the New York Stock Exchange, who had made headlines around the world by negotiating himself a $140m (£69m) retirement package that Spitzer alleged was illegal. Grasso claimed he...

Ambac trading halted on NYSE Wed Mar 5, 12:12 PM ET NEW YORK (Reuters) - Trading in Ambac Financial Group Inc (ABK.N), the bond insurer, was halted around midday Wednesday on the New York Stock Exchange. No further information was immediately available. Ambac shares were trading up 63 cents, or 5.9 percent, at $11.35 prior to the halt. Shares of MBIA Inc (MBI.N), another bond insurer, were up $1.22, or 9.4 percent, at $14.20. Trading in MBIA shares was not halted.

A senior al-Qaida operative lived in New Jersey and posed as a student to disguise his surveillance of financial institutions as possible terror targets, officials said Wednesday. The FBI's top agent in New Jersey, Joseph Billy Jr., confirmed that the operative led an al-Qaida mission to survey the physical layout and assess weaknesses of the Prudential Financial Inc. building in downtown Newark. While carrying out this reconnaissance operation - which included surveys of the New York Stock Exchange building on Wall Street and Citigroup's headquarters in midtown Manhattan - the man attended several institutions of higher learning in New Jersey,...

A British al-Qa'eda fanatic who planned to cause "indiscriminate carnage, bloodshed and butchery" on both sides of the Atlantic has been jailed for life. Dhiren Barot, from London, plotted explosions Muslim convert Dhiren Barot was told by a judge at Woolwich Crown Court this afternoon that he must serve at least 40 years before being considered for release. Mr Justice Butterfield told Barot: "This was no noble cause. Your plans were to bring indiscriminate carnage, bloodshed and butchery first in Washington, New York and Newark, and thereafter the UK on a colossal and unprecedented scale." He added: "Your intention was...

NEW YORK (AP) — The Dow Jones industrial average dropped more than 360 points Friday — the anniversary of the Black Monday crash 20 year ago — as renewed credit concerns, lackluster corporate earnings, and rising oil prices spooked investors.The market turned sharply lower in late afternoon when Standard & Poor's again reduced its ratings on residential mortgage-backed securities. The latest reduction, on more than 1,400 types of securities, added to investors unease about credit quality.In addition, mixed results from Dow components Caterpillar Inc., Honeywell Inc., and 3M Co. gave investors little incentive to take chances on the market. And...

Britons jailed over al Qaeda plot to bomb NYSE Fri Jun 15, 2007 9:02AM EDT By Michael Holden LONDON (Reuters) - Seven Britons linked to a plot to blow up U.S. financial institutions, including the New York Stock Exchange, and stage a series of attacks in Britain were jailed for a total of 136 years by a London court on Friday. Prosecutors said the men were part of a group headed by senior al Qaeda operative Dhiren Barot and described as "one of the most dangerous and ambitious terrorist cells ever to operate in this country". Barot is currently serving...

NYSE undertakes IBM mainframe migration to Unix and Linux The New York Stock Exchange (NYSE) is migrating off a 1,600 millions of instructions per second (MIPS) mainframe to IBM System p servers running AIX and x86 Hewlett-Packard Co. (HP) servers running Linux, with the first part of the move going live today... ...(SIAC), the NYSE's technology arm, said the bottom line for the migration was the bottom line. He estimates the move will halve the cost of transactions, and though he wouldn't detail how much that would mean on a yearly basis, he said it is "serious financial savings, very...

The President received a warm welcome from the floor brokers and clerks at the NYSE after giving a speech on corporate governance. He is only the second U.S. president to visit the floor (Ronald Reagan was the first president to visit the NYSE while in office). He strolled past our booth, signing baseballs, shaking hands and smiling broadly. One of our guys called out, “Great job, George …. We love ya!” Another trader was on his cell with a relative and impulsively asked GWB to say hello. Without missing a beat, the President took the phone and said, “The old...

Welcome to Sanity Island President Bush traveled to New York City today, where he delivered his State of the Economy speech to members of the Association of a Better New York and a gathering of dignitaries in Federal Hall. Full text of his remarks here. After his speech, President Bush visited the New York Stock Exchange in Manhattan, marking only the second time a sitting U.S. president has visited the NYSE floor. President Reagan was the first U.S. President to visit the NYSE floor, stopping by on March 28, 1985, to salute "the robust American expansion."

WASHINGTON - America's deficit in the broadest measure of trade shot up to an all-time high in the summer, reflecting the huge jump in the country's foreign oil bill. The Commerce Department reported Monday that the current account trade deficit increased 3.9 percent to a record $225.6 billion in the July-September quarter. That represented 6.8 percent of the country's total economy, up from 6.6 percent of the gross domestic product in the spring quarter. The current account is the broadest measure of U.S. trade because it tracks not only the flow of goods and services across borders but also investment...

New York — NASD today announced that its Board of Governors overwhelmingly approved by-law amendments that would implement governance changes to enable the recently announced consolidation of the member regulation units of NASD and NYSE Regulation into a new, independent self-regulatory organization (SRO). The by-law amendments will be voted on by the full membership of NASD before taking effect. "The vote today by the NASD Board recognizes the importance to the securities industry and investors of creating this single SRO," said Richard Brueckner, NASD's Presiding Governor and CEO of Pershing, LLC. "The greatly increased efficiency and cost savings brought about...

NEW YORK (Reuters) - Wall Street's two main private regulatory arms said on Tuesday they have agreed to merge in a widely anticipated move aimed at reducing industry costs and streamlining oversight functions. Industry self-regulatory units run by the NASD and NYSE Group Inc. (NYX.N: Quote, Profile, Research), which operates the New York Stock Exchange, will combine self-regulatory operations into a single watchdog overseeing all securities firms doing business with the public in the United States. The new organization is expected to begin operations in the second quarter of 2007, and will consist of the current 2,400-person NASD organization and...

Stocks turn higher, hit new trading record Earnings from Ford, AT&T are OK, but nervousness ahead of Fed meeting makes for a volatile morning. By Steve Hargreaves, CNNMoney.com staff writer October 23 2006: 10:16 AM EDT NEW YORK (CNNMoney.com) -- Stocks turned higher Monday but investors remain on edge ahead of a week packed with corporate earnings and a Federal Reserve meeting. The 30-share Dow Jones Industrial Average (up 22.17 to 12,024.54, Charts) slipped about 0.1 percent just after the opening bell and then rose 0.5 percent. The broader S&P 500 (down 0.10 to 1,368.50, Charts) and the tech-laden Nasdaq...

LONDON -- A Briton arrested amid a massive U.S. security alert two years ago admitted in a London court on Thursday to plotting to blow up the New York Stock Exchange and carry out "dirty bomb" attacks in Britain. Dhiren Barot, a Muslim convert, admitted to plotting to blow up the stock exchange and other U.S. financial hubs including the headquarters of the International Monetary Fund, World Bank, Citigroup and Prudential in Washington, New Jersey and New York. "Explosions at these premises were clearly designed to kill as many people as possible", said prosecuting lawyer Edmund Lawson. Amid tight security...

Before the usual suspects show up. The Dow Average is different measurment then the Highest Price which was 11,908 back in 01-14-2000. Dow 11,850.53 123.19 Nasdaq 2,290.95 47.30 S&P 500 1,350.21 16.10 10 YR 4.57% -0.05 Oil $59.41 $0.73

According to critics, the Sarbanes-Oxley Act has caused a litany of ills: Executives are retiring early, public companies are going private, foreign firms are listing abroad and U.S. firms are losing their competitive edge. The sweeping law, written in the wake of the Enron scandal, has served as a scapegoat for all the evils facing corporate America since it was passed in 2002.

PFLAG to Make History at N.Y. Stock Exchange WASHINGTON, June 26 /U.S. Newswire/ -- Parents, Families and Friends of Lesbians and Gays (PFLAG) will make history on June 30 as the first organization for families and allies of gay, lesbian, bisexual, and transgender (GLBT) people to ring the Closing Bell (SM) at the New York Stock Exchange. PFLAG's trip to Wall Street - to "ring the closing bell on homophobia" - will be an opportunity for the group to discuss the exponentially growing reach of the buying power of GLBT Americans when coupled with the purchasing force of their families...

NEW YORK (Reuters) - The Dow Jones industrial average (^DJI - News) fell below the psychologically key 11,000 level for the first time in three months as U.S. stocks extended their fall amid worries that the Federal Reserve will keep raising interest rates. Investors fear that higher rates would slow the economy and hurt corporate profits. A break below 11,000, which was a key near-term support level, could trigger additional weakness in the index, according to technical analysts. The Dow Jones industrial average (^DJI - News) was down 49.22 points, or 0.45 percent, at 10,999.50. The Standard & Poor's 500...

NYSE and Euronext in $20bn merger In May Euronext said the NYSE offer was "attractive" The New York Stock Exchange and European exchange Euronext are to combine in a "merger of equals", the pair have announced.The agreement will create a transatlantic stock market worth $20bn (16bn euros; £11bn). Each NYSE share will be converted into one share of common stock in the merged company, to be renamed NYSE Euronext. The NYSE put out a statement on Thursday afternoon local time confirming the deal. Euronext shareholders will have the chance to exchange each of their shares for 0.980 shares of...

NEW YORK - The Dow Jones industrial average crossed 11,000 Monday for the first time since before the 9/11 terrorist attacks, buoyed by a New Year's rally that has sent stock prices soaring. Wall Street's best known stock indicator rose to 11,001.26 shortly after 1 p.m. EST, the first time since June 13, 2001, that the index of 30 blue chip stocks traded above that milestone. It last closed above 11,000 on June 7, 2001, when it stood at 11,090.74.

StockGate: Is All Heck About To Break Loose? via COMTEX Aug 25, 2005 12:42:00 AM Aug 25, 2005 (financialwire.net via COMTEX) -- August 25, 2005 (FinancialWire) With JPMorgan Chase & Co. (NYSE: JPM), Deutsche Bank AG (NYSE: DB), Goldman Sachs Group Inc., Morgan Stanley (NYSE: WMD) and Merrill Lynch & Co. (NYSE: MER), who dominate the credit-derivatives market, reportedly among 14 banks being called on the carpet by the NY Fed over "unconfirmed trades," and a super task force of regulators reportedly auditing the top brokerages over allegations of illegal naked short selling, it could soon be "SHO and tell"...

StockGate: Is The Naked Short Sales Bubble Now Big Enough To Threaten Wall Street? October 27, 2005 (FinancialWire) According to Financial Times, the $10.590,379,000 “securities sold, not yet purchased” line item in the Refco (NYSE: RFX) bankruptcy balance sheet is not only naked short selling, it is under intense investigation by authorities. The article is at http://www.efinancialnews.com/index.cfm?page=home&pdigest=18500000000074245& uid=5405-7710-922621-810209 FT says that the firm’s IPO underwriters Goldman Sachs (NYSE: GS) and Credit Suisse First Boston (NYSE: CSR) both have investigators looking into the illegal but allegedly widely practiced manipulative practice among essentially unregulated hedge funds and other financial institutions that now...

NEW YORK (Reuters) - Civil rights leader Rev. Jesse Jackson said Tuesday that Wall Street has "a long way to go" in establishing parity for minorities. Jackson said access to capital is the final stage after the ending of legal slavery and segregation and the winning of the right to vote "in our struggle to make this a more perfect union". In an interview before a Reuters Newsmaker event in New York called "Diversity on Wall Street: the quest for equity and parity," Jackson said: "Wall Street is the ultimate mountain to be climbed." Jackson cited the U.S. mutual fund...

New York Stock Exchange seatholders voted on Tuesday to buy rival exchange operator Archipelago Holdings Inc. (AX.P: Quote, Profile, Research), a deal heralding the Big Board's conversion to a public company and accelerating its move away from traditional floor trading. Orchestrated by Chief Executive John Thain, the deal is meant to arm the NYSE with key weapons it had lacked in its fight to protect a tenuous position atop the global stock trading business from incursions by arch-rival Nasdaq Stock Market Inc. (NDAQ.O: Quote, Profile, Research). Archipelago brings new technology, a broader range of products and listing venues and, in...

We were down 600 points not long ago, and we've been soaring since. Why have I heard nothing about this?

The October Newsletter The Leaves Won't Be The Only Thing To Fall! Enrico Orlandini Lasco Report 17 Oct, 2005 We're heading into that time of year where the word "crash" tends to command a bit more respect among market specialists, i.e., the months of October and/or November. Maybe it's just a coincidence, but I see an ominous cloud on the horizon. Actually, I see a large mass of clouds and they're as black as night. Anyone who's invested in the stock market over the last three or four years has little or nothing to show for it and, if you're...

A little more than a year ago I was obliged to defend myself publicly against a legal smear. Eliot Spitzer, the full-time New York state attorney general and part-time fund-raiser for his political ambitions, called me "unsavory," "deceptive" and "tainted." When many in the media were uncritically swayed by his posturing, Mr. Spitzer then pledged to "put a stake through" my heart. This metaphorical threat to my cardiovascular system aside, the occasion for all this brash talk was the attorney general's assertion that I was a lawbreaker. I tricked some of Wall Street's keenest minds, so the accusation goes, into...

In the celebrated case of Eliot Spitzer versus Dick Grasso, Exhibit A is the Webb report. Commissioned by former New York Stock Exchange Chairman John Reed and produced by former federal prosecutor Dan Webb, the report is the basis for the New York Attorney General's claim that Mr. Grasso manipulated the NYSE board into paying him too much money. Yet when Mr. Spitzer goes to court, he will have to grapple with material that Mr. Webb gathered but never included in his final report that was made public. These are the more than 1,000 pages of interviews that Mr. Webb's...

Excerpt - Sources: Grasso Ally Langone Mounting Bid for Archipelago Financier Kenneth Langone is mounting a rival bid to buy electronic trading platform Archipelago Holdings Inc. (AX), a move rich in Wall Street politics that threatens to derail its proposed union with the New York Stock Exchange, according to people familiar with the matter. The Home Depot Inc. (HD) co-founder and friend of former NYSE chief Dick Grasso quietly reached out to a number of Wall Street chief executives, asking them if they would be interested in participating in a counterbid for Archipelago. Mr. Langone, according to some of the...

Stocks rebounded briskly Thursday as investors welcomed unexpectedly strong earnings results from companies including Nokia Corp. (NOK) and Motorola Inc. (MOT), and the surprising news that the New York Stock Exchange plans to merge with electronic trader Archipelago Inc. Bargain-minded buyers jumped back into the market a day after concerns about rising inflation eclipsed strong earnings, sending stocks sharply lower. With stocks hardly faltering and money flowing out of bonds, analysts grew more confident about the equity market's prospects following last week's steep slide. "Obviously the market is oversold when you get multiple days of 100-point sell-offs. I think we're...

NEW YORK, April 20 (Reuters) - The New York Stock Exchange said on Wednesday it will merge with electronic market operator Archipelago Holdings Inc. (AX.P: Quote, Profile, Research) as a publicly traded, for-profit company. The Big Board will own 70 percent of the new company, NYSE chairman John Thain, said in a press conference.

WASHINGTON - Three suspected terrorists on Tuesday were indicted on charges that they targeted financial buildings in New York, New Jersey and Washington, D.C., in a plot that prompted federal authorities to raise the terrorism threat assessment level in the area last summer. A four-count indictment unsealed Tuesday accuses Dhiran Barot, Nadeem Tarmohammed and Qaisar Shaffi of scouting the New York Stock Exchange and Citicorp Building in New York, the Prudential Building in Newark, N.J., and the International Monetary Fund and World Bank in the District of Columbia. The three men, already in custody in England, were charged with three...

NEW YORK (AP) -- Fifteen specialists who managed trades on the floor of the New York Stock Exchange were indicted Tuesday, charged with using their inside positions to earn an estimated $20 million in illicit profits for themselves and their firms. The Securities and Exchange Commission also filed civil charges against 20 specialists, including the 15 charged in the criminal indictment, and the NYSE as well. The defendants cheated the market "by putting their own interests and the interests of their firms before the interests of the unwitting investors," U.S. Attorney David Kelley told a Manhattan news conference. Federal authorities...

One day the public is going to wake up and realize that when analysts are telling them to buy things at all-time highs, it might be time to sell. The day after a government report showed that crude oil inventories have risen to their highest levels since July 2002, the esteemed Wall Street brokerage firm, Goldman Sachs, released an analysis forecasting a continued increase in energy prices that could result in oil hitting $105 per barrel. As reported by Reuters: "We believe oil markets may have entered the early stages of what we have referred to as a ‘super spike’...