Equities trading via the New York Stock Exchange (NYSE) got off to a rocky start on Monday, June 3, causing transaction halts for as many as 40 symbols listed on NYSE Group exchanges, officials say. The glitch was resolved before Noon EST. “After the market opened on the morning of June 3, 2024, a technical… Read More >>
NYSE Council to Explore A.I. & Other Technologies
The New York Stock Exchange has launched the NYSE Tech Council, a group of senior technology leaders that will explore best practices for artificial intelligence, cybersecurity, and other cutting-edge technologies. “The council will be comprised of chief technology officers, chief information officers and other C-suite technology leaders from NYSE-listed companies,” according to the announcement. “With… Read More >>
Exchanges & FINRA Told to Revamp NMS & Other News
SEC: Current NMS Has Too Many Conflicts of Interest Citing conflicts of interest in the current national market system (NMS), the SEC is ordering equity exchanges such as the Nasdaq Stock Market and New York Stock Exchange, and FINRA, the self-regulatory organization (SRO) for U.S. broker-dealers, to revamp and improve the governance of market data… Read More >>
BlackRock Vet Joins Arcesium & Other News
Arcesium Hires from BlackRock Arcesium reports that it has hired the former commercial director for BlackRock’s Aladdin Data Cloud, Mahesh Narayan, to be the institutional asset manager segment head for the data management solutions vendor. Narayan will oversee Arcesium’s “cloud-native data platform, investment lifecycle solutions, and associated financial operations,” according to the official announcement. These… Read More >>
ICE Shakes Up NYSE’s Executive Team
December has always been full of surprises — good and bad — and the Intercontinental Exchange (ICE), the exchanges company that owns the New York Stock Exchange, has announced a slew of executive surprises this week for NYSE and ICE. In a press release and an accompanying letter from Jeff Sprecher, founder, chairman, and CEO… Read More >>
NYSE Mandates Vaccinations for Trading Floor Participants
Vaccinated Personnel Not Required to Wear Masks The New York Stock Exchange (NYSE) is requiring all personnel working on its open outcry trading floor at 11 Wall Street to be vaccinated, but “masks are optional for vaccinated personnel at this time,” according to a memo obtained FTF News. The Aug. 11 memo to the NYSE… Read More >>
Wall Street Braces for a Safe Return
Wall Street is moving cautiously toward reopening and Monday, June 22, will serve as a milestone for when the securities industry took its first step into the new normal following a crushing pandemic that took 21,000 lives in New York City and brought the world to a halt. After three months of a pandemic lockdown,… Read More >>
SEC Slams NYSE with Multiple Regulatory Violations
The SEC reports that it has charged the New York Stock Exchange (NYSE) and two affiliated exchanges (NYSE American and NYSE Arca) with “regulatory failures in connection with multiple episodes, including several disruptive market events.” The violations alleged by NYSE officials include “erroneously implementing a market-wide regulatory halt, negligently misrepresenting stock prices as ‘automated’ despite… Read More >>
Buy Side Spared Direct CAT Reporting Requirements
(U.S. securities exchanges and the Financial Industry Regulatory Authority (FINRA) pushed for the creation of an uber market surveillance/database system, the Consolidated Audit Trail (CAT), to support SEC Rule 613. Plans for implementation have been underway since July 2012 and got a boost when SEC officials finally approved the CAT NMS Plan on Nov. 15,… Read More >>
FINRA EVP of Regulatory Ops to Depart
FINRA’s Axelrod to Help with Transition The Financial Industry Regulatory Authority reports that Susan F. Axelrod will leave the organization early in the new year for the private sector, after 28 years at FINRA and NYSE Regulation, its predecessor. She has been executive vice president for regulatory operations since 2013, responsible for heading the member… Read More >>
