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Bob Greifeld, Nasdaq Chief, Defends Handling of Trading Halt
The New York Times report that the chief executive of the Nasdaq stock exchange, Robert Greifeld, on Friday shot back at criticism of how his exchange handled a three-hour halt in trading on Thursday...
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Maintaining the Standing of the U.S. as the World’s Most Sophisticated...
Knightmare on Wall Street‘s author, Edgar Perez, chastised U.S. regulators for their performance during NASDAQ’s “Flash Freeze”. Market participants appreciate visible leadership that goes beyond...
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On Heels of Recent Outage, NASDAQ Suffers Another Knightmare on Wall Street
The Wall Street Journal’s Jacob Bunge reports that just ahead of a meeting Wednesday to discuss last month’s unprecedented three-hour trading outage, Nasdaq officials got another unexpected jolt: The...
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OPEN LETTER to SEC Chairman Mary Jo White: Maintaining the Standing of the...
Dear chairman Mary Jo White, As informed by NASDAQ after the August 22 incident, price quotes were not being disseminated by the Securities Information Processor (SIP) for three hours. There was a...
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REUTERS: SEC Talks on Nasdaq Failure to Focus on Backing up System
According to Reuters’ Herbert Lash and John McCrank, federal regulators and stock exchange executives are likely to focus on the stock quotes processor behind Nasdaq’s trading halt last month, but a...
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MarketWatch: Exchanges Have ‘Homework’ after SEC Meeting on Tech Glitches
According to The Tell’s Sital Patel, the Securities and Exchange Commission is asking stock exchanges to come up with a series of concrete measures to ensure that market systems are of the highest...
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Unacceptable Options OPRA Trading Halt due to Software Upgrade at NYSE
The trading halt across U.S. options markets on Monday was due to a bug in new software being rolled out, a unit of NYSE Euronext (NYX.N), which operates the system, said on Tuesday, which was reported...
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Why Putting a Speed Limit on the Stock Market?
According to The New York News, when Brad Katsuyama was running the U.S. trading desk for the Royal Bank of Canada, his clients would send in orders every day, but every day, when Katsuyama went to buy...
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How high-frequency trading took the soul out of my career
In the view of Chicago Tribune Company: It was not subtle. It was not pretty. And yes, it felt mechanical. When the robots came a callin’, it felt like mathematics came and stomped the very soul out of...
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BIOS IT launches ultra-fast server solution for high frequency trading at Low...
According to SourceWire, BIOS IT, a partner of Super Micro Computer, Inc. (NASDAQ: SMCI), is proud to announce the availability of the next generation of Hyper-Speed Solutions, designed to deliver...
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Michael Lewis is wrong, says Knightmare on Wall Street’s Edgar Perez: Markets...
According to Edgar Perez, author of Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets, stock markets are not any more ‘rigged’ than at the...
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