- Jan
- 31
- 2008
- 4:05 PM
Another busy close
- By: Ray Pellecchia
- File Under: NYSE
Twenty-three message traffic records were set in the last seven minutes of the trading day today.
« December 2007 | January 2008 | February 2008 »
- Jan
- 30
- 2008
- 4:16 PM
Update: The close was even busier
- By: Ray Pellecchia
- File Under: NYSE
I posted too soon. Just got a bunch more messages -- even more traffic records across more systems at today's close.
- Jan
- 30
- 2008
- 3:58 PM
Fed speaks, markets move, messages multiply
- By: Ray Pellecchia
- File Under: NYSE
Half a dozen traffic records in a half-hour's time. That's why we spent more than $25 million on expanding the capacity of our systems last year. Someone thought that would be a much better use of the money as opposed to doing something like, oh, say, just for the sake of throwing something else out there...like dropping it into my bonus. Can you imagine? Me neither. Oh well. There's always next year.
- Jan
- 25
- 2008
- 4:20 PM
'Still Kicking'
- By: Ray Pellecchia
- File Under: NYSE
Michael LaBranche: "We’re moving towards an integrated market making model. I think a lot of the barriers that exist in the business are, for example the way rule 98, which is the Chinese wall rule, exists today, is not actually in keeping with the times and I think there is some anticipation that there will be more interaction across different products and venues. I think that’s part of the thing that’s driving it. ... There’s other things that are in the works too."
- Jan
- 24
- 2008
- 6:05 AM
Update: NYSE Arca joins the Bugs Bunny spinning speedometer
- By: Ray Pellecchia
- File Under: NYSE, NYSE Arca
An update: NYSE Arca traded 2.8 billion shares yesterday, a new record. ArcaBook recorded an all-time high 670 million updates. Arca processed 47.4 million orders, believed to also be a record.
- Jan
- 23
- 2008
- 5:50 PM
Spinning like a speedometer in a Bugs Bunny cartoon
- By: Ray Pellecchia
- File Under: NYSE
For an old-timer like me, I never thought I'd see numbers like these. And for those outside of these four walls, like I said, this is all remarkable mostly for what *didn't* happen. Our goal is to be there when you need us, to get you those reports and cancels fast enough that you can do something else, put up those quotes quick enough that you can get those best prices, here or (perish the thought!) away.
- Jan
- 23
- 2008
- 9:21 AM
Rule 48 in effect again today
- By: Ray Pellecchia
- File Under: NYSE
That means that mandatory opening indications are not required.
Hey, if you subscribe to our System Status Notifications via RSS, you don't have to wait 'til I get around to telling you this stuff. In fact, yesterday I missed it altogether, because I was away from my desk at the time. So RSS is the way to go.
- Jan
- 22
- 2008
- 5:41 AM
Today's market and the night sweats
- By: Ray Pellecchia
- File Under: Miscellaneous
Doctor, doctor, gimme the news, I gotta bad case of market flu.
- Jan
- 17
- 2008
- 4:37 PM
NYSE Euronext to acquire the American Stock Exchange
- By: Ray Pellecchia
- File Under: Miscellaneous
Accretive in 2009; strengthens options, ETF and cash product offerings; continuing to lead global consolidation. Conference call at 5:15 p.m. today.
- Jan
- 17
- 2008
- 6:02 AM
Coming soon: single shares of BRK.A
- By: Ray Pellecchia
- File Under: NYSE
This will enable all orders to be exposed to the published quote. If you want to forward me the $127 grand, I'll be happy to test out the single-share system and report back the results.
From Tahiti.
- Jan
- 16
- 2008
- 8:35 AM
Behind the Wombat acquisition
- By: Ray Pellecchia
- File Under: TransactTools
“With SFTI’s soon to be global network, and all the different data centers scattered around its markets, you can put trading technology like algorithmic trading engines in a data center co-located next to a market,” says Johnson. “Using this technology, you can consume, process, analyze and make trading decisions on data on the lowest possible latency and get orders executed in the market,” adds Johnson.
- Jan
- 15
- 2008
- 4:00 PM
News from the Bonds front
- By: Helen Barounis
- File Under: Bonds
Hello and Happy New Year! A new voice is being added to the Bonds blog – mine! I did mention “news,” so on the news front, we have a few new developments.
- Jan
- 15
- 2008
- 10:19 AM
MatchPoint and options and Wombat, oh my!
- By: Ray Pellecchia
- File Under: MatchPoint, Options, TransactTools
Three significant articles about three significant developments in our MatchPoint, options and TransactTools segments.
- Jan
- 14
- 2008
- 9:30 AM
Welcome, Wombat
- By: Ray Pellecchia
- File Under: TransactTools
As an employee here, it's pretty exciting to see this strategy being fleshed out: helping customers access liquidity and information across all markets and products around the world.
There's just one fact omitted from the news release: Wombat would be a pretty good name for a rock band.
- Jan
- 10
- 2008
- 4:16 PM
Staffing up to advance the floor
- By: Ray Pellecchia
- File Under: NYSE
To me, this underscores that specialists and floor brokers continue to be important parts of the NYSE market. We're investing in the trading floor, not walking away from it. Todd and Mike know the issues, and I'm confident they will help us -- and customers -- realize the full value of our trading model. Welcome to the team, guys.
- Jan
- 09
- 2008
- 12:28 PM
Aha! Here's a DJIA historical typo alert
- By: Ray Pellecchia
- File Under: Miscellaneous
Who's right about the history of the Dow Jones Industrial Average: Dow Jones or...Dow Jones?
- Jan
- 08
- 2008
- 7:35 AM
'NYSE...ќе користи Linux! Уау!'
- By: Ray Pellecchia
- File Under: Miscellaneous
I never cease to be amazed by how blogs -- even this little one -- travel via the 'Net to places around the world. My post about Linux was picked up by an obviously techie blog in another language (text below). Please forgive my ignorance, but can anyone identify the language or summarize their post? Looks like they're happy we're using Linux, but that's as far as I can get. Thanks.
- Jan
- 07
- 2008
- 9:58 AM
MatchPoint facility: new directions
- By: Jim Ross
- File Under: MatchPoint
Five key things to know about our upcoming MatchPoint facility.
- Jan
- 07
- 2008
- 8:43 AM
Man vs. machine, chapter umpteen
- By: Ray Pellecchia
- File Under: NYSE
"When price is an inverse function of liquidity and liquidity is an inverse function of price certainty, the recursive loop can only be broken by human intervention and action."
- Jan
- 07
- 2008
- 8:31 AM
MatchPoint start expected 22 Jan.
- By: Ray Pellecchia
- File Under: MatchPoint
"Investors that rely on index-based or model-driven trading and investment strategies will find NYSE MatchPoint’s portfolio-based capabilities to be a very effective trading tool. In addition, NYSE MatchPoint’s non-displayed, point-in-time approach aggregates individual block orders and increases the depth of the liquidity pool and enhances the opportunity of a natural match."
- Jan
- 07
- 2008
- 7:59 AM
Record 2007 for NYSE Euronext
- By: Ray Pellecchia
- File Under: Miscellaneous
-World’s Leading Marketplace in Overall IPO Proceeds-
-New Record Volumes Across Products and Geographies-
-Full-Year 2007 Cash Equities Volumes: + 47% in Europe and +16% in the U.S.-
-Full-Year 2007 Derivatives Volumes: +30% in Europe and +71% in the U.S.-
-Really Swell Blog Talks About It All-
OK, I made up that last line. But seriously, releases like this one remind me how diversified this company has become.
- Jan
- 04
- 2008
- 1:40 PM
Faster ACKs, U R Outs, and execution reports
- By: Ray Pellecchia
- File Under: NYSE
Testing for these system changes will be held tomorrow and a week from tomorrow.
And I learned today that an ACK has nothing to do with when you hit the wrong key and buy a million shares instead of a million dollars worth, and you say, "ACK, the head of the desk is gonna kill me!"
- Jan
- 04
- 2008
- 9:54 AM
Open source, where you least expect it
- By: Ray Pellecchia
- File Under: NYSE
"We favor Linux for what we do. We don't want to be beholden to any one [hardware or software] supplier, even if it is very good. We want the freedom to be vendor-independent, so Linux was a good choice," said Rubinow.
- Jan
- 04
- 2008
- 8:06 AM
Pisani prediction: more floor
- By: Ray Pellecchia
- File Under: NYSE
Pisani: "Contrary to all expectations, the NYSE floor will not disappear; new investment from Lehman and one or two other firms that will buy into the renamed specialist business will stabilize the trading floor...New SEC rule changes will inject life into the specialist system at the NYSE. The long-desired changes will help the long-term viability of the specialist system, and will once again help the specialist companies regain profitability."
- Jan
- 02
- 2008
- 11:57 AM
Favorite blog posts of 2007
- By: Ray Pellecchia
- File Under: Miscellaneous
For me, finding a favorite post was a little difficult, because:
a) Scanning through your own writing is like listening to a recording of your own voice. You get that do-I-really-sound-like-that feeling, over and over again.
b) When I got the request I was already in my year-end, eggnog-induced haze.
Anyway. Here are a couple-three posts that I liked best/hated least.
- Jan
- 02
- 2008
- 6:37 AM
Happy new circuit breakers...oops, I mean, happy new year!
- By: Ray Pellecchia
- File Under: NYSE
The start of every new quarter and every new year brings renewed hope to the financial world and...wait for it...new levels for the ol' NYSE circuit breakers. Woo-hoo!
OK, gang, work with me here. I'm trying.
Happy 2008 to all Exchanges readers out there. Recover from that eggnog hangover yet?
Me neither.
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