NYSE Proposes Delay on End-of-Day Company Announcements

[ajacobson]

https://www.wsj.com/articles/nyse-proposes-delay-on-end-of-day-company-announcements-1504108464

 

[d08]

This should actually be a good thing but since ICE is suggesting it, I fear there's something very sinister behind this.

 

[zdreg]

This should actually be a good thing but since ICE is suggesting it, I fear there's something very sinister behind this.

it is obviously sinister. do birds fly? do fish swim? it is protecting the old boys club.
(The NYSE’s proposed fix is needed in part because the 225-year-old exchange still runs an old-fashioned trading floor, with human traders called designated market makers, or DMMs, who oversee the closing auctions.)

 

[DeltaRisk]

it is obviously sinister. do birds fly? do fish swim? it is protecting the old boys club.
(The NYSE’s proposed fix is needed in part because the 225-year-old exchange still runs an old-fashioned trading floor, with human traders called designated market makers, or DMMs, who oversee the closing auctions.)

They'd just be doing what they've always done. DMM's don't want to be left holding the bag.