Articles about nyse

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In after-hours trade on Monday, NYSE deployed test code to production

It looks like the New York Stock Exchange took the opportunity of an abridged trading session ahead of the fourth of July to test some code relating to its API. The problem is, test seems to have gone to production with the hilarious result that a bunch of stocks are reporting the same value: $123.47 (which, as someone noted …
Two slices of toast

Violin Memory resembles toast

Comment February of 2014 saw Kevin DeNuccio appointed as Violin Memory's CEO. Then the shares were worth about $15. Today, 32 months later, they are worth $0.13 after a 4:1 reverse stock split and NYSE exit; so $0.0325 in "old money," with the firm now capitalized at $3.27m. Its shares have lost some 99.8 per cent of their value on …
Chris Mellor, 10 Nov 2016
Stop sign in front of a bush. Image via Shutterstock

Violin switches stock exchanges fast

In an astoundingly fast piece of work Violin Memory shares were listed and trading on the OTCQX market a day after the New York Stock Exchange said it was halting trading in Violin’s shares. The October 27 NYSE halt was due to Violin’s average market capitalisation dropping below $15mn for a 30-day period (background here.) …
Chris Mellor, 31 Oct 2016
Falling profits

NYSE halts trading in Violin Memory shares

The NYSE has suspended trading in Violin Memory shares and is delisting the stock because it has not maintained an average global market capitalisation of at least $15m over 30 consecutive trading days. NYSE_VMEM_trading_halted_note NYSE Violin Memory stock quote showing Halted status This requirement is noted in Section …
Chris Mellor, 28 Oct 2016
End of the line (train line). Photo by Shutterstock

Slowmo Violin train crash still sliding down the tracks

Comment Violin Memory’s stock is slowmo crashing, and is now down to $0.35; it was $0.65 on October 11. This values the company at just $8.85 million. The firm’s market capitalization was $20.24m on September 26, $31.3m in early May, and $76.5m in February – there has been a decline of around 88 per cent in value since then. Violin …
Chris Mellor, 24 Oct 2016

Violin goes for reverse stock split

As expected, Violin Memory has decided on a reverse stock split to avoid NYSE delisting, as its stock price is too low. The delisting criteria are based on a stock's price being less than $1, on average, for 30 days, and Violin easily passed under that bar back in January, and has stayed mostly under it since. Violin's board …
Chris Mellor, 24 Jun 2016
NYSE

Violin faces second NYSE delisting threat

Violin Memory is facing a second NYSE delisting threat. The company makes all-flash arrays and its revenues have been so low for so long as to result in a falling share price. The NYSE, which lists Violin’s shares, told it by letter on April 27 that it was facing delisting because its average capitalisation over a 30-day …
Chris Mellor, 9 May 2016
Violins

NYSE fed up of Violin's bum notes, threatens stock market ejection

Violin Memory is under notice of being delisted from the New York Stock Exchange because its stock price has been less than $1.00, on average, for 30 days. The company has said it will regain listing compliance. To be compliant with NYSE listing practice a stock’s average closing price has to be at least $1.00 over a 30-day …
Chris Mellor, 15 Jan 2016
NYSE

Straight from the horse's mouth: It's October 7 for Pure's IPO

Pure Storage has told us something quite interesting: "Pure Storage will be listing shares for our initial public offering at the New York Stock Exchange on Wednesday, 7 October." One of the most eagerly awaited initial public offerings will take place on Wednesday next week with several companies anxious to see how well the …
Chris Mellor, 30 Sep 2015

The bucks stop here: NYSE freezes trading, blames 'technical issue'

Updated The New York Stock Exchange unexpectedly halted all trading of its listed stocks today at 0832 PDT, 1132 EDT. The freeze is said to be a temporary measure, and NYSE-listed issues on rival exchanges are still trading. The NYSE, owned by Intercontinental Exchange, has blamed technical gremlins. All open orders on the exchange …

NASDAQ exchange stumbles AGAIN after 'human error' snafu

The NASDAQ stock exchange suffered yet another glitch yesterday, forcing it to halt trading in derivatives contracts linked to the Nasdaq 100 index. The latest in a series of hiccups at the all-electronic exchange was caused by "a human error", the exchange said in a statement. The snafu took out the Global Index Data Service …
New York Stock Exchange, photo by Preslethe

NYSE preps for MILLIONS of trades in Twitter IPO stress-tests

In a bid to avoid a similar scenario to Facebook's IPOcalypse, the New York Stock Exchange ran a simulated market debut for Twitter shares over the weekend. The NYSE did a test run of the day Twitter’s stocks will go on sale to check if its systems will be able to handle the tidal wave of traffic the IPO could potentially …
Twitter for Mac Old

Twitter snubs IPOcalypse host Nasdaq in favour of NYSE

Twitter has revealed that it has snubbed the tech-heavy Nasdaq market in favour of the New York Stock Exchange (NYSE) for its IPO. Twitter's Nasdaq snub may have something to do with that exchange's mishandling of Facebook's market debut last year, the last highly anticipated tech IPO. In an event that came to be known here …
The Register breaking news

SEC staffers slammed for serious security snafus

There are red faces at the Securities and Exchange Commission after a report highlighted computer security failings by agency staff that forced it to spend $200,000 to check whether it had lost critical information. Staff at the Trading and Markets Division were found to have stored highly confidential and market-sensitive …
Iain Thomson, 9 Nov 2012

Software bug flattens NYSE trader

An algorithmic trading software bug is being blamed for a day of wild swings at the New York Stock Exchange – and has resulted in the trader placing the dodgy orders reporting a $US440 million pre-tax loss. What’s been called a “mini flash crash” by Forbes saw 150 NYSE-traded stocks, from General Electric down to minnows, …
The Register breaking news

China's internet wunderkind in the dock over alleged fraud

Chinese internet darling Qihoo 360 Technology has been accused by the research arm of hacktivist group Anonymous of deliberately overstating the volume of traffic to its site in order to attract advertisers, allegations which if true could see it kicked off the New York Stock Exchange. Qihoo has had a spectacular impact on its …
The Register breaking news

Gloves off in NYSE: Red Hat trading tech face-off

It was a bit perplexing when two weeks ago, apropos of nothing, commercial Linux distributor Red Hat affirmed its commitment to the Advanced Message Queuing Protocol (AMQP) messaging integration software that is at the heart of its Enterprise MRG-Messaging variant of the Linux stack it sells. Now we know why. This morning, the …
The Register breaking news

NYSE Euronext fluffs financial cloud

NYSE Technologies – the research, development, and IT operations arm of the NYSE Euronext exchanges in New York and London – has fluffed up a cloud specifically for trading firms. Saying so won't generate much sympathy among the proles, but trading volumes on Wall Street and in the City are down, and profits for brokerage …

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