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NYSE Euronext (NYX) prepares to implement a contingency plan this morning as its looks to resume...

NYSE Euronext (NYX) prepares to implement a contingency plan this morning as its looks to resume some sort of trading despite Hurricane Sandy. NYSE intends to offer companies the ability to test opening and closing auctions on its Arca electronic exchange from 8-12 ET. Nasdaq (NDAQ) plans to operate its production system in a testing capacity from 7:30-12.
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Comments (6)
  • $CLU
    , contributor
    Comments (211) | Send Message
    They should also ban HFQS (High Frequency Quote Stuffing) until everything is back on line.
    Otherwise, the high speed group will simply collapse the bandwidth to manipulate the price.


    See the following link for more information:
    30 Oct 2012, 06:59 AM Reply Like
  • D00ner
    , contributor
    Comments (31) | Send Message


    That will keep the chicanery in check.
    30 Oct 2012, 08:11 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3570) | Send Message
    to me it's incredible that Wall Street has not been able to figure out how to make themselves immune from natural disasters.


    I thought they had learned a lesson from 9/11,but I guess not.


    With all the advances in the internet and IT,there is no reason why they should ever have to shut down. It's better now than it was 50 years ago,but they're way behind relative to where they should be.


    Nobody can predict where hurricanes,earthquakes... etc will hit in the coming years. For an industry so vital to the US and world economy,they ought to be able to distribute their operations and backup facilities over several regions so a shutdown like this need never happen again.
    30 Oct 2012, 09:50 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1227) | Send Message
    What happened to all the contingency plans, mirror sites, etc?


    Just like Sarbanes Oxley, it's only operative when the Powers That Be want it to work. Right Jon?
    30 Oct 2012, 10:50 AM Reply Like
  • onestep
    , contributor
    Comments (23) | Send Message
    My whole concern with these recent events is what will the liquidity be like to trade? I am in fear of one of these contingency plans to completely blow up and all of a sudden we have another flash crash on our hands.


    Anyone have any input on the possibilities of this happening?
    30 Oct 2012, 01:53 PM Reply Like
  • onestep
    , contributor
    Comments (23) | Send Message
    Fortunately no flash crash occurred! Hopefully the worst is over and we won't have to worry about this type of concern for a long long time.
    2 Nov 2012, 02:20 AM Reply Like
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