NYSE to announce new hours
- Thread starter IndexTrader
- Start date
For public release -
"Chairman Reed will further rearrange the deck chairs at the NYSE by splitting the board into 4 sections. The 3rd and 4th section of the board will NOT have keys to the executive washroom. In addition, those in the 4th section of the board will NOT have permanent reserved parking, though they can reserve a temporary space in advance.
All of these changes are in response to the massive abuse of the public by NYSE members. The message is we at the NYSE hear you loud and clear and we feel your pain.
The specialist system with its 60 second house advantage/delay and self-regulation/self-policing of NYSE rules will remain the same.
God bless America and rally around the flag!"
NYSE
"Chairman Reed will further rearrange the deck chairs at the NYSE by splitting the board into 4 sections. The 3rd and 4th section of the board will NOT have keys to the executive washroom. In addition, those in the 4th section of the board will NOT have permanent reserved parking, though they can reserve a temporary space in advance.
All of these changes are in response to the massive abuse of the public by NYSE members. The message is we at the NYSE hear you loud and clear and we feel your pain.
The specialist system with its 60 second house advantage/delay and self-regulation/self-policing of NYSE rules will remain the same.
God bless America and rally around the flag!"
NYSE
Funky will give us an update on the new formula soon. I'm not sure how he'll combine it with the proposed late session.
Actually, I brought up the NYSE not to accuse or ridicule their trading system but the "market" in general.
As a matter of fact I trade some NYSE-listed stuff and considering market conditions, can't blame them.
2-3 years ago the whole country was very happy with all securities exchanges, corporations and their executives.
What happened?
As a matter of fact I trade some NYSE-listed stuff and considering market conditions, can't blame them.
2-3 years ago the whole country was very happy with all securities exchanges, corporations and their executives.
What happened?
Quote from Tea:
They say you get what you pay for in life.
John Reed is being paid $1 for his services as NYSE Chairman.
As a result, we are getting one dollars worth of reform.
By the way since I have been ripping specialist lately I thought I should add that today I was treated exactly as I expected to be treated by the specialist I traded with. It was incredibly relaxing and fun to feel like I would not be cheated. That open book then became and advantage.
He shall remain nameless incase I trade with him again. By the way I only traded 400 shares a few times with himbut he did turn my day around. It reminded me though of how it should be. He still held more non x orders checcked out his markets and then batched filled me where he should of. He could make money and so could I. And I even lost money on my last trade with but I deserved to.
He shall remain nameless incase I trade with him again. By the way I only traded 400 shares a few times with himbut he did turn my day around. It reminded me though of how it should be. He still held more non x orders checcked out his markets and then batched filled me where he should of. He could make money and so could I. And I even lost money on my last trade with but I deserved to.
from The Wall Street Journal
Nov. 5, 2003
New York Stock Exchange interim Chairman John Reed named eight people
to sit
on a newly reconstituted board, with only two of the nominees coming
from
the current panel. Under his plan, the current 27-member board would be
replaced by six to 12 independent representatives who would oversee
regulation and compensation. A separate advisory panel of as many as 20
securities-industry representatives would handle operations, such as
listing
standards.