REUTERS/Lucas Jackson Traders, governors, and members of the New York Stock Exchange discuss what is happening following a halt in trading on the floor of the exchange in New York, July 8, 2015.Trading was halted at the New York Stock Exchange on Wednesday morning.The latest from the NYSE is that all symbols are not trading and all open orders are […]
REUTERS/Lucas JacksonMembers of the New York Stock Exchange attempt to figure out what caused a halt in trading on the floor of the exchange in New York, July 8, 2015.The New York Stock Exchange is open after a 3-hour halt.At 11:32 a.m. ET on Wednesday, trading on the exchange was halted after a technical glitch. “The issue we are experiencing is […]
When Nick Lemann’s New Yorker profile of SEC chair Mary Jo White came out, Felix took issue with this assertion:In 2000, the S.E.C. permitted stocks to be traded in pennies or fractions of pennies, rather than the customary eighths or thirty-seconds of a dollar. That made it easier for traders to make money by placing very large orders for very small variances […]
Wall Street is no autobahn. Traders pushing pedal to the metal risk hurtling into the Buttonwood Trees. Knight Capital’s $440 million computer-generated smash-up this month is the latest sign that the world’s most important financial superhighway, where trades take place in less than the blink of an eye, sorely needs a speed limit. Michael Goldstein, a professor of […]
