Recent Entries

  • Jul
  • 01
  • 2009
  • 11:57 AM

Trading Volume Should Be Single-Counted

By: Jim Ross
File Under: MatchPoint

From Jim Ross: Our markets may support alternative models but they should not support alternative trade-reporting standards.

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  • Jul
  • 01
  • 2009
  • 10:53 AM

DOT's All, Folks! -- NYSE Replaces SuperDOT, Cutting Order-Execution Time to 5 Milliseconds from 105

By: Ray Pellecchia
File Under: NYSE, NYSE Amex, NYSE Arca

NYSE customers are experiencing trade executions and reports within five milliseconds, as well as order and cancellation acknowledgments in just two milliseconds. "For the first time on NYSE, customers can employ the benefits of competitive speed and automation in addition to our longstanding value of high-touch price discovery on the only U.S. exchange cash equities trading floor," says Lou Pastina, executive VP of NYSE Operations.

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  • Jun
  • 30
  • 2009
  • 4:43 PM

NYSE Circuit-Breaker Levels for 3Q 2009

By: Ray Pellecchia
File Under: NYSE, NYSE Amex, NYSE Arca

As I always say, may we never need to consult these procedures, but here they are, just in case.

Hey, a trivia question: How many shareholders were there in the U.S. in 1952?
a) 650,000
b) 1 million
c) 6.5 million
d) 16 million

Read on for the circuit-breakers and the trivia answer.

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  • Jun
  • 26
  • 2009
  • 3:07 PM

'Inching Toward Dark Pool Reporting'

By: Ray Pellecchia
File Under: NYSE

"Without an absolute industry protocol, we're advocating doing what exchanges have been doing for a very long time: reporting single-counted matched-only volume," said Dave Johnsen, vice president for Sigma X business development at Goldman. "If everyone else puts themselves on the same metric, the dark-pool numbers will add up to 100 percent of dark-pool volume."

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  • Jun
  • 26
  • 2009
  • 8:27 AM

Russell Reconstitution Today

By: Ray Pellecchia
File Under: Indices, NYSE, NYSE Amex

After I've been nagging you for a week, today it's finally here: the annual reconstitution of the Russell indices, when hundreds of NYSE- and NYSE Amex-listed issues go in and out of the indices.

That also means today is the final installment in our little Great Russells in World History series. I've saved my personal favorite for last. Today's Great Russell is.....

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