By Patrick Clark 10/31/12 9:41am

back to business

U.S. Stock Exchanges Open for First Time Since the Storm

U.S. markets opened this morning after halting trading on Monday and Tuesday due to the raging storm.

At the Nasdaq, Times Square Alliance President Tim Tompkins was scheduled to ring the opening bell, signaling the resumption of business as usual—we hope. The New York Stock Exchange, which hadn’t closed for two consecutive days due to weather since 1888, was also set to open.

“Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening,” NYSE Euronext CEO Duncan Niederauer said in a statement.

But good intentions are no guarantee of positive results. The Times reported yesterday that the New York Stock Exchange was experiencing “connectivity problems,” while the Journal reported criticisms of the exchanges inadequate preparations for extreme events such as severe weather or terrorist attacks. Read More

By Patrick Clark 10/29/12 1:51pm

rained out

padma2

New York Stock Exchange Closed Tomorrow; Padma Lakshmi Not Ringing Nasdaq’s Bell

The New York Stock Exchange will be closed again tomorrow, according to a press release posted on the NYSE Euronext website.

As previously reported, the exchange initially planned to close its physical trading floor and open on electronic systems as Hurricane Sandy battered New York City today. That decision was reversed late last night. Minutes ago, the exchange said it would remain closed tomorrow, along with other U.S. markets: Read More

By Patrick Clark 10/29/12 7:51am

considering sandy

NYSESecurity

On Second Thought, Stock Exchanges Closed for Storm

In the end, U.S. stock markets decided to heed the storm.

The New York Stock Exchange had planned to open trading electronically while shuttering its physical trading floor. “We are open for business and at the same time acting in accordance with actions taken by the city and state of New York,” said NYSE CEO Duncan L. Niederauer said in a release yesterday afternoon.

But NYSE reversed course  last night, announcing it would halt operations completely. The exchange is closed today, and may close tomorrow, “pending confirmation,” according to a release.

Nasdaq is also closed today; “it is likely that the markets will be closed” tomorrow, the exchange said in a release.

Bond markets will open, but the Securities Industry and Financial Markets Association recommended that markets close at noon today. Read More

By Patrick Clark 6/07/12 8:00am

Morning Read

Nasdaq Tries to Make Good on Facebook Fumble, Not Everyone Appeased: Wall Street Roundup

“Sorry” doesn’t help: Is anybody happy with Nasdaq’s plan to dole out $40 million in cash payments and future discounts to compensate market participants for losses suffered during the technical glitches that delayed trading in Facebook stock on May 18? The New York Stock Exchange cried foul, arguing that Nasdaq’s plan “is tantamount to forcing Read More

By Patrick Clark 5/24/12 7:30am

Morning Read

FACEBOOKimages

NYSE Courts Facebook, Plaintiffs Circle IPO, Buffett’s Goldman Banker: Wall Street Roundup

While Facebook dominated the news, Warren Buffett’s secretive investment banker slipped into a New York courthouse. That and more in today’s Wall Street roundup.

Falling out? NYSE Euronext approached Facebook yesterday about listing the company’s stock on the New York Stock Exchange, a move which would be a bigger blow to Nasdaq than any punishment regulators dole out for bungling the first day in Facebook trading. Read More

By Steve Huff 4/13/12 1:59am

Occupy Wall Street

Seems appropriate.

Occupy Wall Street’s Newest Protest: The Sleep-Out

Occupy Wall Street grows more inventive with each new protest action and the movement’s latest tactic may be well-suited to many who have, until now, followed events passively via the Internet: protesters are sacked out tonight on sidewalks  not far from the New York Stock Exchange. What’s more, the concrete naps of the disaffected may have more legal protection than a tent in Zuccotti Park: Read More

By Drew Grant 10/10/11 6:11pm

Anonymous

anonymous

Updated: NYSE Hacked! Is the Anonymous Infrastructure Crumbling? [Video]

Update: It looks like some members of Anonymous were able to take the  website for the New York Stock Exchange offline for approximately two minutes. No trading was affected. A compromise, or just a failed mission? Also, what about the “no hacking on a holiday” rule??

Watch out, New York Stock Exchange! You are the next target of the hacker group Anonymous, according to a YouTube video that went up October 5th. That would be the day of Occupy Wall Street’s Megamarch, though the latter group has tried to distance itself from the hacktivist community. Read More