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News & Commentary
Content tagged with Exchanges posted in August 2013
Nasdaq OMX Cites Flood of Messages in SIP Failure
News  |  8/29/2013  | 
In a summary of findings, Nasdaq OMX said it received more than 20 connect and disconnect sequences from NYSE Arca, which consumed capacity on its SIP that triggered more problems.
Uncertain Future For NYSE Technologies
News  |  8/29/2013  | 
With the acquisition of NYSE Euronext set to close soon, InterContinental Exchange is reviewing the multifaceted business of NYSE Technologies, leading to industry speculation on what ICE will do with the technology group.
The Exchange Diversification Play
News  |  8/29/2013  | 
Global exchange operators are diversifying into new technology-related businesses such as licensing their market technology, selling compliance and risk management services, and cloud-based infrastructure to generate more predictable revenue streams away from trading businesses.
Nasdaq Signals – Is Anyone Listening?
Commentary  |  8/29/2013  | 
Less than year after Hurricane Sandy, a technical issue with Nasdaq brought stock trading to a halt for an unusually long time. It's time to address the need for more robust plans and systems, writes Steven Davenport.
Market Complexity To Blame for Nasdaq Trading Halt
News  |  8/27/2013  | 
Observers say the three-hour trading halt impacting Nasdaq securities last week points to market complexity of operating 13 stock exchanges, while ignoring the market data infrastructure.
Did Goldman Sachs Really Have to Discipline 4 IT Workers After Its Glitch?
News  |  8/27/2013  | 
The investment giant reportedly placed four IT staffers on administrative leave after its embarrassing trading glitch last week. But is IT to blame or does the fish stink from the head?
Gary Ardell Appointed CIO of ConvergEx Group
News  |  8/27/2013  | 
Ardell will take on CIO responsibilities in addition to his role as head of business strategy development and head of the financial engineering and advanced trading solutions unit.
Follow The Money
Commentary  |  8/26/2013  | 
Fragmentation, complex trading rules, rebate arbitrage and opaque venues are just a few of the reasons why the market is unnecessarily complex.
Will the BATS-Direct Edge Merger Raise Stakes for Rival Exchanges?
News  |  8/26/2013  | 
A deal to combine BATS Global Markets with Direct Edge Holdings would put pressure on Nasdaq, according to an expert.
Reinventing The Exchanges
Commentary  |  8/26/2013  | 
Exchanges have been busy diversifying revenue sources, entering new markets and building new business models as trading volumes continue to slide.
Muriel "Mickie" Siebert Dies at 80
News  |  8/26/2013  | 
The "First Lady of Wall Street" passed away on Saturday after a battle with cancer. Her spirit and leadership will be missed.
The Bite Of New Market Realities
Commentary  |  8/26/2013  | 
As trading volumes plummet, exchanges are looking for new sources of revenue. One of the most popular new sources is technology.
Nasdaq's Investigation Continues After 'Flash Freeze'
News  |  8/22/2013  | 
In a statement following the three hour trading halt, Nasdaq says it will continue to investigate the source of the glitch.
Breaking: Nasdaq Resumes Trading After 'Flash Freeze'
News  |  8/22/2013  | 
The market maker resumed trading this afternoon after it suspended trading for several hours due to a technical error.
This is Why the CoLo Business is Lucrative for Exchanges
News  |  8/20/2013  | 
Even with trading volumes below their peak, colocation brings in recurring revenues for exchange data centers, and like a mall, customers are likely to do more trading.
China’s Everbright Stops Trading After A Surprise Flash Surge
News  |  8/16/2013  | 
The Chinese brokerage saw its shares soar by more than 50 percent in a single trading day. Will these trading errors stop?
Data Management Trending In Exchanges & Small Firms
News  |  8/15/2013  | 
GoldenSource explains the challenges of on-boarding waves of smaller tech firms to data management systems and a new trend in stock exchanges. 
More Exchange Outages: Do We Learn from the Past?
Commentary  |  8/14/2013  | 
Despite regulatory mandates and growing IT spend, the recent BATS BZX Exchange and Direct Edge glitches show that market failures persist.
New Derivatives Exchange Targets Regulation
News  |  8/13/2013  | 
Co-founded by Hirander Misra and Vj Angelo, the new exchange, GMEX, will focus on taking advantage of tougher regulation and compliance.
Outages at BATS and Direct Edge: Are Technical Mishaps the New Normal?
News  |  8/7/2013  | 
While systems issues at BATS and Direct Edge briefly interrupted trading, it shows that electronic exchanges can quickly shift orders to rival exchanges.
Hackers to Exchanges: You’re Next
News  |  8/2/2013  | 
US attorneys last week charged a Russian hacker with gaining access to the servers inside Nasdaq. For two years. The CIOs and IT staffers inside today’s exchanges now have to deal with the target on their backs.

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