Skip navigation
Watchlist Sponsored By :


Current DateTime: 08:21:18 23 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 08:21:18 23 Nov 2009
LinksList Documentid: 33793611
  • How Much Do You Know About Green?

      Green has become part of our everyday lives. Green is everywhere-- energy, clothing, food, housing, transportation. It's a big business and a global business.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 08:21:18 23 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
CNBC's Gasparino: SEC Looks at NYSE's Handling of Trading
Topics:Stock Market | SEC | NYSE
By: Reuters | 01 Mar 2007 | 04:37 PM ET
Text Size

The Securities and Exchange Commission is looking into whether the New York Stock Exchange's so-called hybrid trading system has enough capacity to handle the high volume that has occured this week, according to CNBC's Charlie Gasparino.

Earlier in the day, NYSE head John Thain, responding to a Wall Street Journal story, told CNBC  that there is no SEC investigation of trading problems at the the Big Board during Tuesday's market selloff.

Gasparino said that although the SEC hasn't issued subpoenas, taken depositions or had its enforcement division conduct the probe, it is looking at the matter through its market surveillance unit.

Gasparino said he'd obtained a statement from SEC spokesman John Nester that said:  "SEC staff is working closely with the NYSE and other market center to review Tuesday's events to evaluate how orders were handled and whether any enhancements to capacity management are necessary."

Gasparino said the SEC is aware that the Big Board, a public company, may want to minimize the problems in its trading system. The SEC will be asking questions and monitoring the NYSE's own examination of what went on to make sure the hybrid system, which uses both electronic and human traders to execute transactions, isn't fundamentally flawed as some suspect.

Meawhile, Duncan Neiderauer, who was recent appointed president of the NYSE, plans to meet with a group of specialists when he takes over in April, Gasparino said. Many floor specialists have been laid off in the move to electronic trading, which may have contributed to the delays during Tuesday's trading, Gasparino said.

Over the past year or so, NYSE Group [NYX  Loading...      ()   ] has shifted much of its trading away from its floor and onto an electronic platform, a move that many investors have embraced because it promises faster execution times in a business where time is money, the
paper said.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Warren Buffett and Bill Gates discuss the economy and other subjects with CNBC's Becky Quick.
  • The show attracts a big TV audience every year, but this year it may take on even more importance.
  • …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
  • Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
  • A Macau casino will open Asia's first Michael Jackson shrine after its owners made a key purchase at a US auction.
  • CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
ADD COMMENTS
Remaining characters


Current DateTime: 06:27:29 23 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 06:27:24 23 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 06:27:30 23 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 06:27:30 23 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters