Amid the outrage and calls for change, Wall Street insiders took Thursday's "flash freeze" shutdown of the Nasdaq exchange as little more than a sign of the times.
Myron Scholes, one of the founders of modern option pricing, says the exchanges shouldn't cancel clearly erroneous trades. The traders should bear the full cost of their mistakes.
Happy Friday! What's so happy about it? Why, we've got an all-Flash-Freeze-all-the-time edition of the six-pack today:
Nasdaq-OMX CEO Robert Greifeld defended the way his exchange handled Thursday's three-hour outage, saying unspecified outside issues were the real problem.
U.S. Silica Holdings does not typically see much option activity, but yesterday option traders turned bullish on the name.
A managing director at Goldman Sachs has been charged with raping a 20-year-old woman in an East Hamptons home he rents with his wife.
Nasdaq Stock Market halts trading in NASDAQ-listed stocks for three hours after a technical glitch. While a hack is possible, this is almost certainly a software failure.
As the Nasdaq tries to figure out why it couldn't process trades for hours on Thursday, investors outside the exchange are trying to figure out what to name the event.
A historic three-hour shutdown of a major stock trading platform left few visible scars. Stocks enjoyed their second best day in an otherwise ugly August.
That was quick.
Having been viewed until recently as a promising destination for investors, emerging markets are now seen as more volatile.
Many are taking a wait-and-see approach to the re-open of the NASDAQ. But a couple have decided that a "messy open" could present some opportunities.
The Nasdaq trading platform took another punch in the eye Thursday, with one veteran trader saying he's never seen anything like it.
After the latest Fed minutes showed few clues about the timing of tapering, some pros are growing tired of waiting around for Fed action.
Technicians have been marveling at how long the rally had lasted without having four consecutive down days. That streak ended Monday.
As Tesla plans to boost production by another 35 percent next year, several issues could arise to challenge electric carmaker Elon Musk.
While the government is expected to say the unemployment picture continues its gradual improvement, Gallup puts the unemployment rate at an ugly 8.6 percent in August
Global manufacturing indexes are up, yet retail results are wetting the bed...again.
As college students embark on the debt-laden, life-changing experience of a new year, few will be as inspired to change the world as the incoming class at George Tech.
Earlier yesterday, I was told by an NYSE spokesman had said the exchange didn't keep historical records of trading errors and busted trades. Now the NYSE says that's just not true.
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