All trading has halted on the New York Stock Exchange, and the NYSE would like everyone to know that it’s the result of an internal technical screwup and not a cyberattack.
The bitcoin service provider Coinbase is set to make history later today: it's going to launch the first licensed U.S. exchange for the currency, approved in 24 jurisdictions around the country.
Today, Securities and Exchange Commission Chairperson Mary Jo White announced a whole slew of initiatives designed to tighten the leash on computerized high speed trading in the stock market. If you're playing the stock market and you're not a supercomputer, that's very good news.
If you think the stock market can be a gamble, you'd now be wrong. The latest trading software developed by Virtu—a company specializing in high-frequency trading—has had only one day of loss in the past four years.
Eventually, they could end up on your roof, beaming trading data across the sky: Lasers, originally developed by the military, that are now being co-opted by high-frequency traders looking for even faster ways to do business.
A week ago, the Federal Reserve announced something or another about bonds, a move that sent the bond market into a frenzied orgy of bond loading and unloading. So what, right? The markets quiver whenever the Fed does anything. Well, weirdly, it appears the information got out five milliseconds early. Which wouldn't…
The days of traders shouting orders on the New York Stock Exchange's floor may soon be over. A new breed of investing, known as High Frequency Trading, has taken hold of the equities market—one that relies on computerization and automation to exploit momentary price changes for an investor's financial gain. And where…
The afternoon of May 6, 2010 was among the strangest in economic history. Starting at 2:42 p.m. EDT, the Dow Jones stock index fell 600 points in just 6 minutes. Its nadir represented the deepest single-day decline in that market's 114-year history. By 3:07 p.m., the index had rebounded. The "flash crash," as it came…
A lot of the biggest stock moves of the global economy are made by a bunch of dudes yelling at each other in a huge room, right? Wrong. Computers are in charge, battling for the speediest connections. Fastest gets richest.