Tag Archives: Retail liquidity program

OPEN LETTER to SEC Chairman Mary Jo White: Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

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 connectivity issue, which led to degradation in the … Continue reading

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Maintaining the Standing of the U.S. as the World’s Most Sophisticated Financial and Trading Market

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 statements sent though press offices, he said. “Both individual and institutional investors would have felt … Continue reading

Posted in Equity Markets, Events, FINRA, Flash Crash, High Frequency Trading, knight capital, NASDAQ, NYSE, Regulatory Updates, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Nasdaq Glitch Prompts Two-hour Shutdown and Fears Over Stability

The Guardian reports that a glitch in the Nasdaq stock market resulted in an unprecedented shutdown of trading of over 2,000 major US stocks and options for more than two hours, creating confusion around the shares of the biggest companies … Continue reading

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Trading Halted in Nasdaq Securities like Facebook, Microsoft and Apple… Did the NASDAQ Guys Read Knightmare on Wall Street?

According to The Wall Street Journal, U.S. stock exchanges on Thursday just halted trading in all securities listed on NASDAQ because of a technical issue, exchange officials said. NASDAQ announced the halt at 12:15 p.m. ET Thursday, and other exchanges … Continue reading

Posted in Dark Pools, Equity Markets, Flash Crash, High Frequency Trading, NASDAQ, NYSE, SEC | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Knightmare on Wall Street Book Review: How Knight Capital Fumbled its Best Opportunity to Shine

Ever since the Knight Capital trading disaster broke in August 1, 2012, investors and traders have been morbidly fascinated by the incident. How had so sophisticated a company managed to burn though $440 million in a bit more than half … Continue reading

Posted in Breaking News, Equity Markets, High Frequency Trading, knight capital, Market Making, NASDAQ, NYSE, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

NYSE Goes Dark

As Melanie Rodier from WSJ has reported, The New York Stock Exchange now has its very own dark pool, after the SEC on Thursday approved an NYSE pilot initiative to offer retail investors a separate exchange that will offer them more favorable … Continue reading

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NYSE Euronext to Launch Retail Liquidity Program

Based on NYSE Euronext press release yesterday, NYSE Euronext (NYX) has received approval from the U.S. Securities and Exchange Commission (SEC) to establish a first-of-its-kind Retail Liquidity Program, a market innovation that produces cost savings for individual investors through price … Continue reading

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