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Smoke Shutters PHLX Floor
Nasdaq's PHLX market (the former Philadelphia Stock Exchange) experienced two trading halts last Tuesday, Dec. 29. A trading halt in symbols E through J between 10am and 10.30am was followed by a smoke-related evacuation of the PHLX trading floor at 11.05am that halted trading in all equity, index, exchange-traded funds and currency option classes. The fire department declared the building safe and market makers were told to return for a resumption of trading at 12.40pm

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The Cusip lawsuit: A love story

With possibly three years before the semblance of a verdict is reached in the ongoing class action lawsuit against Cusip Global Services and its affiliates, Reb wonders what exactly is so captivating about the ordeal.

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