- Feb
- 28
- 2007
- 9:33 AM
The strongest muscle
- By: Ray Pellecchia
- File Under: NYSE
A bloggy tribute to the heart of the place.
A bloggy tribute to the heart of the place.
Yesterday's market, listings battle, NMS and the regionals.
Reg. NMS on the way; alternatives to mainframes on the Street (including here); top 100 finance blogs; and NYSE's young president goes to war (WWII, that is).
Orders sent to NYSE are routed to another market only when another market posts a better price at the top of its book. Which market? It can be any of the other exchanges that make markets in NYSE-listed issues.
The Reg. NMS effectiveness date is March 5, 2007, but we should have our rollout complete by Wednesday, Feb. 28.
Pricing moves; the Little Board; holding period for stocks now the briefest since 1929; options pricing; big exchanges fighting back.
NYSE beats the odds; concerns about price improvement; specialists get some love; and a place to find neat facts about numbers.
NYSE steps up on system errors, plus, 27 years ago today, one proud moment for America.
More about routing fees, plus the holiday schedule, who's on top in ETFs, and more.
Emulating a practice I've seen on a number of other blogs, I'm going to try to start to do some brief posts linking to noteworthy articles or blog posts, as often as the coverage merits. Again, my including these implies no endorsement or guarantee of accuracy, but instead simply conveys my thought that you might find them of interest.
On March 5, NYSE will begin to pass through fees associated with orders routed by the NYSE and executed by away market centers. For orders routed to other market centers, including NYSE Arca, the NYSE will charge a routing fee of $0.0025 per share, with no additional routing or transaction charges.
There is no putting the genie back in the bottle.
Plus, on this day in 1934: no more stock pools.
Plus, on this date 37 years ago, Joseph L. Searles III becomes NYSE's first black member.
Based on your input, and that of others, plus our experience to date with the Hybrid Market, we're making a change.
Plus, the start of the trillion-dollar market.
100 more issues will be activated into Phase IV tomorrow, bringing the total to 146.
A prop. trader tries to puzzle it out.
A writer asks whether stop orders are invisible to specialists themselves, and not just to the specialists' trading systems.
A reader asks for new quote indicators that will be used once the Hybrid Market is fully implemented. Read on.
Reg. NMS Immediate or Cancel Orders and NYSE Intermarket Sweep Orders are getting underway. These will give customers greater control over how and where their orders are executed.