
NasdaqandtheNew York Stock Exchangeare nowin early talks overwhatwouldbean rare partnershipafterthe dual headingUS batch markets gifted new haltsin trade dueto tech problems,The Wall Street Journal reports.The opposition exchangesare now deliberation the complementthatwould concede any associationtorun the backup steamof stock-pricing interpretationfromtheotherinthe eventualityofan outage,theJournalsays. Suchan agreementwould concede tradeto go onasthe influenced association fixes whatever tech emanateit’s carryingatthe time, interjectiontohelpfromthe competing exchange.
The talks reportedlybegan following the Sep 12th assembly holdbythe Securitiesand Exchange Commissionand involvingthe dual equity markets.Atthe Washington DCThe SEChas demanded changes
meeting,the SEC voicedits concernsthatthe spanweretoo exposedto glitchesand hackers.“The nurse functioning…andthe robustnessofour marketplace infrastructureare undeniablyimportanttoour nation’s economy,”said SEC Chairman Mary Jo Whiteatthe meeting, accordingtotheJournal.The regulatoralso imposed the 60-day deadlineonthe dual exchanges, jobonthem anyto broach skeletononhowthey’ll residencetheir record problems.
Themost important tech outage—andthe expect arrangeof unfoldingthat regulatorsare perplexingto discharge— cameon Aug 22ndwhen the program tie complaintstopped Nasdaq pricing interpretationfrom being sent outand caused tradeto close downfor 3 hours.In response,the NYSE at the moment halted tradeas well. Last week, the complaint stemmingfrom the program refurbishtothe NYSE’s interpretation feeds caused the scarcely 10-minute shutdownofthe completeUS options market.
Source : http://www.theverge.com/2013/9/25/4771470/nyse-nasdaq-data-feed-partnership-report
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