Tag: NYSE

NYSE floor reopens after coronavirus shuts historic Big Board for two months

The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling of “walking into the unknown.” via NYSE floor reopens after coronavirus…

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NYSE is closing trading floor in response to coronavirus spread – Business Insider

The New York Stock Exchange said on Wednesday it would temporarily close its iconic trading floors as measures aimed at slowing the spread of the novel coronavirus continue to force Wall Street to adapt business practices. NYSE said in a statement it would move to fully electronic trading starting on Monday, and would be initiating its business continuity plans. via…

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SEC Probes Listings of Slack, Other Unicorns on NYSE – WSJ

The Securities and Exchange Commission is investigating the listings of Slack Technologies Inc. WORK 2.40% and other major companies on the New York Stock Exchange, in a probe looking at how trading was handled on the first day, people familiar with the situation said. SEC enforcement staff have recently sent letters including one seeking information from electronic-trading firm Citadel Securities…

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The NYSE’s Rush to Judgment

The NYSE’s posture is disconcerting to say the least.  No matter what caused the NYSE trading halt (cyberattack, bad leaver, software glitch, configuration difficulty, coding disruption or otherwise), it is not wise to rule out a cyberattack without first conducting an independent, truth-seeking investigation.  And stating that the WSJ and United data breaches were not connected to the NYSE breach…

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