Dave Weiss, Head of Connectivity NYSE Euronext in New York, opens trading at the Amsterdam exchange to mark the start of his bicycle trip from Amsterdam to Paris for the Make a Wish Foundation.
Dave has been associated with the Make A Wish Foundation for twelve years, and has already made a total of four bicycle trips in the United States. After the gong ceremony, Dave will start his trip from Amsterdam, and travel to Paris via Brussels. Dave will also participate in opening bell ceremonies in Brussels and Paris to raise awareness of the activities of Make a Wish. The Make a Wish Foundation in the Netherlands fullfils the wishes of children between the ages of 3 and 18 who are suffering from a life-threatening disease. A delegation from the Make...
Craig Rogerson, Chairman, President & Chief Executive Officer of Chemtura rings the opening Bell.
Chemtura Corporation produces and sells specialty chemicals intended primarily for the agriculture, automotive, construction, electronics, and transportation sectors. Sales break down by product family as follows:
industrial chemicals (73.6%): performance products (61% of sales; oil additives, polyurethanes, antioxidants, etc.) and engineering products (39%; brominated, organometallic, fire-retardant, and smoke generating products);
consumer chemicals (14%): water purification products, cleaning and stripping products;
Markets ended the day mixed as comments from Federal Reserve Chairman Ben Bernanke, that differed very little from his last testimony, did little to enthuse investors. Bernanke did not explicitly mention a new quantitative easing initiative, but his comments indicated that the Fed remains at the ready should taking measures become necessary.
International news was mixed: Spain was downgraded to BBB as Fitch predicts a slump through 2013. There was early strength in the markets after the Chinese Central Bank cut rates by 25 basis points looking to boost its lagging economic growth.
Reports noted that Fitch will downgrade the U.S. if it does not come up with a viable plan to deal with its debt by 2013.
Last Fall we released Filtered Options Feed to help customers manage the bandwidth necessary to take in the OPRA consolidated market data feed. Just about a year ago, I talked about that feed to a room full of customers at the NYSE Vendor Forum. At that time I used the graphic below to demonstrate how much options market data had grown over the last decade.
The graph indicates a sharp rise in market data rates, which equate to 68% annualized growth. Recent data from OPRA indicates that growth continues. In May, peak data rates measured at a 1-millisecond interval, averaged nearly 6 million messages per second. Daily message totals routinely top 5 or even 6 billion per day.
I attended a very successful Yale CEO Summit at the NYSE whose theme - “Staying Ahead of Economic Currents: Building an Enterprise for the Future Despite Present Day Uncertainties" - proved to be right on the mark. Founder and CEO of the Yale Chief Executive Leadership Institute Jeffrey Sonnenfeld did a fantastic job moderating the event and encouraging insightful discussions among CEOs.
The Summit started with NYSE CEO Duncan Niederauer warmly welcoming the group of over 100 participants at dinner in the historic NYSE Board Room. NYSE listed Verizon’s Chairman & CEO Lowell McAdam and NYSE listed Xerox’s Former Chairman & CEO Anne M. Mulcahy presented the prestigious “Legend In Leadership” Award to NYSE listed GE’s Chairman & CEO Jeffrey R. Immelt. Jeff graciously received this award, reflected on his dedicated GE experience and role as GE’s leader. Jeff also recognized GE’s tremendous history as a NYSE listed company as well as GE being the only...