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The New York Stock Exchange in January bought a stake in Coinbase, a bitcoin wallet, in case stock exchanges decided to go for decentralisation.
Some of the exchanges decided to cancel trades made on Thursday in which a stock's price fell by more than 60 percent in a short period.
That is because in 1998, regulators and the operators of the large exchanges decided that trading should be interrupted or halted only in the event of a sell-off of 10, 20 or 30percentt from where the Dow sits at the beginning of each quarter.
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The Tradeworx computers get price quotes from the exchanges, decide how to trade, complete a risk analysis and generate a buy or sell order — in 20 microseconds.
The exchange decided to switch to electronic trading after losing an important bond contract to Germany.
In 1992, the exchange decided to outsource its own monopoly on equity news and information, a service called Topic.
But after consulting with markets in neighboring nations, Mr. Foster said, the exchange decided that the need for an open exchange to provide liquidity and market clearing was paramount.
Over the next week or so, the exchange decided to raise collateral requirements even higher, in four more steps that would kick in every couple of days.
The exchange decided last month to keep Olympus listed for the time being, saying a cover-up orchestrated by a few executives did not merit a delisting.
After some debate, shareholders in the exchange decided to reject both that bid and the iX merger, the exchange shed its chief executive, Gavin Casey, and everything went back to square one.
C1 Exchange Looks for Buyers The parent organization of the American Stock Exchange decided to discuss a sale with possible buyers because talks to sell it to a leveraged buyout firm have stalled.
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