Wednesday, January 14, 2009, 7:09:23 AM
NYSE Euronext introduces single order book for Amsterdam, Brussels and Paris markets (NYX.com)
This is designed to make cross-border trading simpler and easier, and centralize liquidity.
On Monday, 26 Jan. 2009, the NYSE will begin passing sub-penny execution reports from away markets back to firms and will no longer truncate buy reports or round up sell reports as we have done in the past. (NYSE Trader/NYX.com)
Russell L. Going Jr., founder and chairman of one of the first full-service African American firms to own a seat on the NYSE, will ring today's Closing Bell. (NYX.com)
Mr. Goings, who also played professional football for the Buffalo Bills and co-founded Essence magazine (wow!) is celebrating the release of his new book of poetry (wow again). We hope to have more about him in the coming days.
The English language is about to surpass 1 million words. (The Economist)
So how come I can never find the right one?
"English is a mongrel language that keeps its vitality by absorbing new words, uses and expressions. It promiscuously plunders other languages and delights in neologisms. It is the language of free traders and inventive entrepreneurs..."
Hat tip to blog reader (and possible future writer) Mark Wille for spotting that.
Market notwithstanding, hope you're having a wonderful Wednesday, folks. Historical artifactoid of the day:
Today in NYSE History (NYX.com)
14 Jan. 1790 -- Secretary of the Treasury Alexander Hamilton issued his "Report for the Support of the Public Credit," proposing to pay the national debt through the sale of government bonds.
Those bonds were the first major issue of publicly traded securities in America, and quickly found a market among the merchants of Wall Street. They were soon joined by trading in bank stocks. Some two dozen merchants signed the "Buttonwood Agreement" on 17 May 1792, formalizing the trading of these and other securities. This ultimately led to the establishment of the New York Stock Exchange. The bonds also were a major stepping stone in the establishment of New York as a national (and later global) financial center.
