NYSE and The Trust

The last time I toured the New York Stock Exchange was 1994. I had joined Kidder Peabody and was training to be a stockbroker. Think of my classes as a boot camp for finding clients and managing money. Kidder sent the newbies, including me, to watch the NYSE in...

Return of the Flash Crash

Did you see the 60 Minutes exposé on speed trading? I've embedded the video, which explains how high-frequency trading works. It sheds light on the May 6 flash crash—why the Dow dropped nearly 700 points in twenty minutes. It's only a matter of...

Return of the Flash Crash

Did you see the 60 Minutes expos on speed trading? I've embedded the video, which explains how high-frequency trading works. It sheds light on the May 6 flash crash—why the Dow dropped nearly 700 points in twenty minutes.   It's only a matter of...