- Apr
- 23
- 2008
- 9:33 AM
Reminder: Today is Day 1 for NYSE Pilot for Electronic Reserve Orders.
- By: Ray Pellecchia
- File Under: NYSE
Plus: everyone in the business knows what a CUSIP number is, but do you know what the letters CUSIP stand for?
Plus: everyone in the business knows what a CUSIP number is, but do you know what the letters CUSIP stand for?
["There] are current proposals in Washington to really get the traditional cash specialist business more in line with the current market structure."
Mid-Point Passive Liquidity orders offer price improvement, better fill rates and now, attractive rebates for active customers.
But when it comes, "it will be like poetry reading the K's and Q's of companies," says Cate Long.
I'd be curious to hear any user experiences with the new order type. The comment box is open to you, as always.
Apologies for multiple XBRL-related posts in one day, but your no-longer-quite-so-humble blogger was honored to be invited on the SEC's conference call this afternoon with a dozen bloggers about interactive data reporting, ahead of Monday's expected action by the Commission on this more-accessible type of financial disclosure.
On Monday, the SEC is scheduled to decide on its plans for any requirements and timeline for public companies to file their financial statements in an interactive data format.
What that has to do with Meg Ryan, you'll have to click through to see.
Plus, to lift the heart a bit on a Monday morning: the sun lifts the rain in veils of mist, and a photographer in my town captures it.
We're obviously continuing to work to put more value-added in the hands (and the hand-helds!) of floor brokers.
Plus, a word of appreciation for Exchanges readers: thank you for not threatening to punch me in the face.
That's my boss talking to Nightly Business Report's Susie Gharib about NYSE.
Interviewer Susie Gharib says: "The word 'authentic' has been overused lately. But it’s about the best word I can come up with to describe the CEO of the New York Stock Exchange..."
...and says better connectivity between dark pools and exchanges is the best solution. Which is exactly what we're trying to do.
During a sample week, there were 2,518 outgoing calls and 960 incoming calls to portable phones on our trading floor, not to mention calls to and from the brokers' booths. I am of course not privy to these phone conversations, but I know that nobody on an upstairs desk is calling down to our trading floor -- or taking calls from the floor -- to talk about the weather.
Transaction growth across the board and across the Atlantic. Plus: numerical trivia, weekend edition.
I had no idea how widespread this neurological disorder was until I had the honor of meeting Bob and walking him around the trading floor. I remember being surprised at how many members and others on our trading floor -- literally, dozens -- went out of their way to talk with Bob and share how autism had touched their lives and those of friends and family members.
Either that, or this blog really is cool, fantastic, cute, super, brilliant and perfect.
"After years of academic research suggested that the rule was hindering trading without protecting prices, regulators eliminated the rule last summer, giving a green light to those eager to sell a stock short, even as it was falling.
"Some argue that the move unleashed a new era of volatility..."
Plus, in the historical-trivia department: the go-go years top the Great Crash.