Last year was a rollercoaster ride that will serve as a prelude for the adventures to come in 2025. But before the next ride, let’s step back for a moment and look at some of the downright unusual stories we covered in 2024. They deserve a second look because they ran the gamut from shocking… Read More >>
FBI Thwarts Attempt to Bomb NYSE
A bombing outside the New York Stock Exchange (NYSE) building at 11 Wall Street in Manhattan was thwarted by an undercover operation led by agents of the Federal Bureau of Investigation (FBI) who arrested Harun Abdul-Malik Yener and charged him with attempting to build explosives that would kill as many as possible to “reboot” the… Read More >>
NYSE Equities Trading Hit By Temporary Glitch
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 Trading Floor to Reopen May 26
NYSE President Announces Floor Reopening via WSJ The open outcry trading floor of the New York Stock Exchange (NYSE) will partially reemerge “slowly and carefully” on May 26, according to Stacey Cunningham, president of the NYSE, who made the announcement via an opinion piece in The Wall Street Journal, published May 14 The return of… Read More >>
Members Exchange Wins SEC’s & BlackRock’s Approval
A securities exchange start-up, the Members Exchange (MEMX), is on a roll via new strategic financing led by asset manager BlackRock, following a key approval by the SEC. While the launch of its first transaction venue was delayed by the COVID-19 pandemic, MEMX officials want their venue to get underway during the third quarter of… Read More >>
SEC & Exchanges Clash Over Market Data Order
U.S. equities exchanges are pushing back on the SEC’s sweeping order directing them and the Financial Industry Regulatory Authority (FINRA) to improve the governance structure for public, consolidated equity market data and the distribution of trade and quote data from trading venues. The order is intended to change the balance of power among trading venues… Read More >>
ICE Buys TMC Bonds for $685 Million
ICE to Offer TMC’s Services Alongside Its Own The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), will be expanding its electronic trading offerings for fixed income liquidity via its $685 million acquisition of TMC Bonds, ICE officials say. The cash transaction will close during the second half of 2018, “subject to… Read More >>
NYSE Shatters Glass Ceiling via First Woman President
While the New York Stock Exchange (NYSE) has been known for breaking records as far as volumes, the trading venue just broke a glass ceiling for women on Wall Street. Officials at the Intercontinental Exchange, Inc. (ICE), NYSE’s owner, report that Stacey Cunningham, currently the chief operating officer (COO) for NYSE, will become the next… Read More >>
CHX to Get NYSE Pillar via ICE Acquisition
The Chicago Stock Exchange (CHX) will become part of the Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), and the acquisition will pave the way for the CHX’s usage of the NYSE Pillar trading technology, officials say. The merger is slated to close during the second quarter of 2018, officials say. ICE… Read More >>
Global Exchanges Hit Record 6.83% Jump in Revenues
Global exchanges enjoyed a 6.83 percent jump in revenues to a record $28.3 billion in 2016, according to the latest sector report by Burton-Taylor International Consulting, a division of interdealer broker TP ICAP’s Data and Analytics group. The main drivers were market data and index businesses, which reported a 29.2 percent hike in revenues to… Read More >>
