- Mar
- 31
- 2006
- 8:11 AM
Trade news roundup
- By: Ray Pellecchia
- File Under: NYSE
Testimony, disciplinary action, and last but not least, NMS and Hybrid.
Testimony, disciplinary action, and last but not least, NMS and Hybrid.
The week goes out in style, to the tunes of Raymond and The Redundos.
New on nyse.com: a series of innovative tools to provide investors with better access to information and pricing for bonds traded through the NYSE's Automated Bond System.
Latin American IPOs listing on the NYSE have raised $2.5 billion to date in 2006.
An initial public offering and another addition to Hybrid Market Phase I.
No predictions from your humble blogger, but a reminder.
Securities-industry trade group asks for more time to deal with far-reaching changes.
In the last three trading days, we've added 244 stocks to Phase I of the NYSE Hybrid Market.
Overall, I think we have a pretty good track record of not crying wolf.
As always, we've been careful throughout not to post specs and have people build to them until we were sure of what the approved product would be.
The year 289 was not a Great one for Constantine's mom.
Enough good stuff to slake a police precinct.
Usage of the new Hybrid features and functionality grows with each week.
"There is zero tolerance on the NYSE Floor for illegitimate orders," says Susan Merrill, chief of Enforcement at NYSE Regulation.
With SEC approval in hand, all that's left is this little matter of making Hybrid work -- getting it right. The team is pumped and racing off back to work, building something great.
The SEC concludes: more efficient mechanism, faster access to NYSE and away interest, and enhanced opportunity to execute without dealer participation, "consistent with the goals of the Act."
Good-bye, proposed Hybrid Market. Hello, approved Hybrid Market.
Major firms talk about their preparations for Reg. NMS.
A proposal that would contravene sound public policy and violate the law.
We'll have a better idea of scheduling next steps as soon as the SEC approves the Hybrid Market proposal, which we expect soon.
Today's NYSE Group news round-up.
Where to find latest news, rule filings, FAQ, glossary, all things NYSE Hybrid Market.
If you're yearning for a T2T (that's trader-to-trader) understanding of what the NYSE Hybrid Market is all about, here's an excellent way to spend an hour.
Another record high for the NYSE Composite Index.
Two companies transferring to the Big Board from Nasdaq, and a good day for the NYSE Composite Index.
There are now 152 stocks in the pilot, a fact that is a source of great joy. Great joy? Read on.
The facts show that specialists are there when the market needs them most, to the tune of $8 billion a day, or $2 trillion a year.
The pilot has been extended to March 24, while the SEC continues to consider the Hybrid Market proposal.
Reuters quotes the SEC Commissioner saying, "I think we just need to come up with realistic deadlines in concert with the markets and the industry for the roll-out."
The listing was last Wednesday, March 8; today, NYSE Group filed a registration statement on Form S-1 with the SEC for a proposed offering of NYSE Group common stock to the public.
The glitch on HybridTalk's "Contact" feature has been fixed.
Specialists' trading via the API is subject to a number of requirements.
Latin American company numero noventa joins el Grupo NYSE.
Some prime reasons to think about a prime number.
John Thain testifies today before the U.S. Senate Committee on Banking, Housing and Urban Affairs on the topic of self-regulation. Hybrid mentioned, too!
The 1792 Buttonwood Agreement, the 1882 founding of the Stock and Bond Exchange in San Francisco, the 1997 launch of Arca ECN, and another historic March 8.
John Thain: "This is an historic day for the Exchange, our customers, and investors. This merger transforms and modernizes the New York Stock Exchange with a growth strategy for the future."
The AP says, "...the NYSE's new "hybrid" program -- the merging of electronic trading with traditional floor auctions -- must be a fast and sure success."
"There are 2,780 companies listed here today. Maybe 200 of those are liquid enough that they can trade electronically most of the time. The vast majority of stocks aren’t liquid enough to trade very well electronically. We will give our customers choices and the market will evolve as it will evolve."
The home of the Oscars this year is not just Hollywood, but also 11 Wall St.
Following up on Friday's article, the Wall Street Journal explores further the challenges facing the Big Board's effort to reignite our bond market.
"The NYSE's idea is to offer both individuals and institutions a one-stop shop for companies' stocks and bonds."
Will the NYSE Hybrid Market prove durable? The FT's Lex column doesn't actually answer the question, but provides some food for thought.
The NYSE Hybrid Market is designed to grow not only the Exchange, but also the value we provide to customers.
"Brokers are averaging about 375 e-Quote trades a day, up from 200 two weeks ago, according to the NYSE."
In a world of empowered, self-directed customers, the NYSE Hybrid Market gives them the choice: auction, automated, or something that combines the two.
There are now 147 stocks in the pilot for Phase 1 of the Hybrid Market. Sorry, no doggerel today.
Gerstner and IBM, Thain and the NYSE Hybrid Market, crisis and opportunity. Plus, a little bit of Einstein.