Posts tagged NYSE
New York Stock Market Plan To Trade Without Humans
Mar 10th
Moving rapidly towards singularity
(Reuters) – The New York Stock Exchange is readying plans to be able to operate without human traders in case another disaster, such as Superstorm Sandy, forces the shutdown of its historic trading floor in downtown Manhattan, The Wall Street Journal reported.
STOCK MARKET PLAN TO TRADE WITHOUT HUMANS
NYSE Euronext (NYX.N) is preparing to submit details of the plan to the U.S. Securities and Exchange Commission, according to the report, which cited people involved in the preparations. If activated, the plan would represent the first time the 221-year-old exchange would rely entirely on computer systems, without the oversight of floor-based traders, the paper said.
A NYSE spokesman declined to comment on the report.
The disaster plan would shift trading entirely to Arca, NYSE’s all-electronic sister market. It would replace NYSE’s current backup plan that calls for the exchange to remain open in a limited capacity while sending orders to Arca to be filled.
Exchanges including Direct Edge Holdings LLC and BATS Global Markets Inc BATS.Z in the past year have moved to develop backup sites in Chicago, the paper said. Nasdaq OMX Group Inc (NDAQ.O) maintains a disaster recovery site in Ashburn, Virginia, and can run its U.S. markets from its European base in Stockholm.
Superstorm Sandy forced the first weather-related multi-day shutdown of the U.S. stock market in more than 120 years when it struck the East Coast in October. source – Reuters
‘Anonymous’ Hackers Group Threaten to Delete New York Stock Exchange
Oct 11th
Anonymous, the loosely-organized group of computer hackers that has taken credit for many of the world’s most visible protests, has threatened to “erase” the New York Stock Exchange from the Internet today.
The streets of downtown Manhattan have been crowded for several weeks now with members of the Occupy Wall Street movement, who say they’re protesting corporate greed. Last week an online message purportedly posted by Anonymous said the protest would spread to a hacking attack.
Wall Street shrugged off the threat this morning as the Dow Jones Industrial Average rose more than 250 points at the open.
A threat was first made on Oct. 5, as demonstrators massed on the streets in lower Manhattan. But a YouTube message posted shortly after that said, “Anonymous wouldn’t attack NYSE on a HOLIDAY — it is debatable if Anonymous would ever even attack NYSE.”
Then came a YouTube video posted on Saturday, using a computer-generated voice which said, “Many people refuse to accept that Operation Invade Wall Street is a reality. … I am here to clarify that factions of Anonymous are going with the operation. Other factions are opposing it.”
The voice, flat and idiomatic, concluded, “Those who are going to be part of the attack have a message to the NYSE: We have you because we don’t like you. We are all anonymous. We are all one legion. We do not forgive. We do not forget. NYSE, expect those of us who plan to destroy you.”
Anonymous has previously taken credit for hacking attacks on Bank of America, Sony’s PlayStation network and other companies. It was unclear whether the online threat intended to interfere with stock trading, or do anything to the homepage of NYSE Euronext, the parent company of the stock exchange. source – ABC News
German Takeover Of NYSE Expected Final Tomorrow
Feb 14th
So long, New York Stock Exchange…and so long American Capitalism
When we told you the other day of the plan by the German company Deutsche Boerse to purchase the entire New York Stock Exchange, some of you accused us of resorting to “sensationalism” to drive up hits to our website. Well, how then to explain this story on Reuters today?
Deutsche Boerse, NYSE near deal
“(Reuters) – Deutsche Boerse and NYSE Euronext are expected to sidestep thorny political issues as they prepare to announce a deal Tuesday to create the world’s largest exchange operator. The two have hammered out a broad framework for a merger deal that focuses on functions and personalities, with several executives chosen for key posts across Europe and the United States, three people familiar with the plan said.” Reuters
SHOCK! New York Stock Exchange Being Sold To Germany
Feb 13th
Now this can’t be good
For those of you believe that there is a plan by the New World Order to create a One World Government, you need to read this. Once the world’s greatest symbol of Capitalism and freedom, the New York Stock Exchange is being (willingly) taken over by the EU powerhouse, Germany. Have they received their marching orders by George Soros and the other NWO leaders that actually are running America right now?
Is this merger happening because George Soros and the Illuminati have told the NYSE to sell? We know that they are already committed to the destruction of the US dollar.
“The citadel of American capitalism soon could be foreign-owned. The parent company of the New York Stock Exchange is in advanced talks to be acquired by the owner of the Frankfurt stock exchange in a deal that would create a behemoth financial-market operator valued at about $25 billion. The transaction being negotiated by NYSE Euronext and Germany’s Deutsche Boerse would put the Big Board’s trading floor, which became a flag-draped patriotic symbol in the wake of the 9/11 terrorist attacks, under overseas control.
The possibility has already stirred opposition. ”This is a slice of America being sold,” Joe Saluzzi, co-founder of brokerage Themis Trading in Chatham, N.J., said Wednesday after the companies confirmed their discussions. “You can’t allow an American icon to go under foreign control.” Although the main motivation for a deal is to cut costs by merging operations, the move also would improve the NYSE’s access to the world’s fast-growing emerging markets and insulate it against rival stock exchanges in China and Latin America. The talks also underscore the growing challenge of economic globalization to the U.S., for decades the center of the international financial system.
“Even a few years ago it would have been inconceivable for NYSE to announce that the institution was being taken over by a foreign exchange,” said Benn Steil, director of international economics at the Council on Foreign Relations in New York. “This is a significant mark of globalization.” source – LA Times
