Links for Feb. 27, 2007

By: Ray Pellecchia

File Under: NYSE

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"U.S. securities rules could still roil exchanges" :"Despite exhaustive preparation, sweeping changes to U.S. equity markets taking effect next month could further rock the nation's once quiet financial exchanges sector, already swept by a wave of consolidation. Designed to modernize markets through automated trading, Reg NMS -- for National Market System -- has precipitated moves like a new stock exchange launched by options mart International Securities Exchange.
It also spawned NYSE Group's hybrid platform, which for now weds traditional floor-based brokers with new electronic capabilities, but many believe could be the death knell for open outcry trading." (Reuters)

"Attractive Alternatives to Mainframes Are Breaking Their Decades-Old Hold on Wall Street" :
"Still, Wall Street is not prone to being the first to jump on a technology trend. Perhaps ahead of the curve, however, the New York Stock Exchange has taken the migration plunge, embarking on an effort to rid itself of the mainframe.
With the impetus of the NYSE's new hybrid trading model as well as regulatory imperatives such as Reg NMS, the exchange, which relies on the Securities Industry Automation Corp. (SIAC) for its technology, knew it hade to make some changes in its data center to handle increased data volumes. 'We knew the wave was coming,' says Francis Feldman, VP of the Shared Data Center at SIAC. 'We needed to ascertain our growth. When we sat down and looked at our numbers, we realized we [weren't] where we needed to be when market volume hit us.'" (Wall Street & Technology)

"Top 100 Finance Blogs" : "In an obsessive compulsive frenzy, I have compiled the top 100 finance blogs sorted by Sunday, February 25th's Alexa Rank (the first List) and Technorati Rank (the second list). (ValueWiki, via Trader Mike) [Don't bother looking for HybridTalk on the lists, though I think our numbers compare favorably with a few of these. Not even sure whether they would consider us a finance blog, or more of a corporate blog. -- RP]

Today in NYSE History:
27 Feb 1941-- William McChesney Martin, Jr. was drafted into military service and announced his resignation as NYSE president. [Martin had become NYSE's first full-time, salaried president in 1938 (at the age of 31!), amid the sweeping organizational changes of the post-Crash era. Under his leadership, NYSE overhauled its structure, and included public representatives on its board for the first time, according to our history book.]

Tags: New York Stock Exchange, Hybrid Market, NYSE, NYSE Group, NYX, trading, stock market