From Todd Wilemon::
With two months left in 2009, it is amazing what has taken place. Under the leadership of Ed Boyle, Senior Vice President of US Options, and with the support of the entire organization we have been setting goals and ruthlessly executing our plan to become the places to trade options both electronically and via open outcry.
Juniper Networks’ CEO, CTO and others will be at NYSE this morning to ring the Opening Bell and hold an analyst and press meeting on the occasion of the company’s transfer to NYSE from Nasdaq and the 40th anniversary of the Internet.
I had no idea the Internet was turning 40. Should I have baked Al Gore a cake?
From Todd Wilemon: A Tracking Order is a limit order that is not displayed and only activates to trade when certain specific conditions are met. Tracking Orders allow you to always trade on the NBBO or National Best Bid or Offer while also giving you the ability to choose the size of orders you will interact with and at a price range of your choosing.
Trading in a box? A 360 is kind of like a week's blogging in a box. And then some.
"[A]ny time you try a decent crime, you got fifty ways you're gonna [expletive] up. If you think of twenty-five of them, then you're a genius... and you ain't no genius."
-- Teddy Lewis, the ex-con played by Mickey Rourke in "Body Heat"
News from Booth 327 at the Futures & Options Expo in Chicago.
Plus, on this date in 1879: Edison invents something called an electric light bulb, and the Times reports, "Conflicting Statements As To Its Utility."
“This is an example of NYSE Euronext and the industry working together to develop a positive solution to address the lack of understanding regarding the extent and nature of ‘dark pool’ trading, which has been a concern for regulators and legislators.” -- Joseph Mecane, NYSE Euronext’s Executive Vice President and Chief Administrative Officer for U.S. Markets
From Feargal O'Sullivan, Managing Director, High Performance Messaging at NYSE Technologies:
NYSE Technologies' "Trading-in-a-Box" and RDMA over 10GigE Live Demonstrations -- To see Data Fabric™ and Market Data Platform V5™ in action with all North-American equities and OPRA feed handlers on one server, running on the Intel Xeon Nehalem-EX with 32-cores, and to quiz both NYSE Technologies and Intel experts, visit Booth #327 (demonstration available throughout the show). We'll also have a RDMA and TCP comparison demo for those interested in 10GigE and/or InfiniBand.
"A good day...for the hatmakers," I overheard Art Cashin quip on the NYSE trading floor at the close on Wednesday, when the Dow again closed above 10,000.
I am not kicking fully automated markets — we operate several ourselves — but I am suggesting that having people with assigned responsibilities to make fair and orderly markets in specific issues, and take action before such mistakes get to be much of a problem, is a benefit of the NYSE market model that is often overlooked.
