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NYSE Euronext (NYX) will pay a $5M (not a typo) penalty to the SEC to settle charges technology...

  • Friday, September 14, 2012, 12:24 PM ET
    NYSE Euronext (NYX) will pay a $5M (not a typo) penalty to the SEC to settle charges technology issues at the exchange gave high-frequency traders stock-price data seconds ahead of the general public. Those who remember the 2010 "flash crash" recall waiting several seconds for updated price quotes. No worry - the HFT boys had the info in milliseconds.
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This news story has 2 comments:

  •  
    What does it take to pay off a $5M fine?
    About 200 milliseconds?
    14 Sep 2012, 12:28 PM Reply Like
  •  
    Maybe the NYSE now understands why nobody wants to use their venue anymore.
    14 Sep 2012, 04:29 PM Reply Like
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