Brokers Warn On Around The Clock Trading
Brokers fear extended hours will raise staffing needs and risk volatility as NYSE plans to test longer sessions next year. Traders on both coasts push for 9 to 5 to 24 hour access, while small firms warn of cost and workload burdens amid limited initial stock coverage.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Alan Davidson
Zeus Securities Inc
Jericho
N.Y
Independent
Broker-Dealer Association
Davidson
NYSE
Extended trading hours move asset markets worldwide
After dark U S stock markets move toward extended hours with Nasdaq approved, focusing on liquid large cap stocks to reduce volatility. Karen Spero, a Cleveland planner, believes only a small share of individual investors will use the extended hours.
MENTIONED IN THIS ARTICLE
U.S
Karen Spero
Cial
Cleveland
Atlantic may one day flood New York City
NASA researcher Cynthia Rosenzweig leads a team assessing climate change impacts on New York City. Preliminary results suggest seven-foot storm surges could occur every 4 5 years, breaking barrier islands and flooding low lying areas of lower Manhattan, Brooklyn, and Queens if sea levels rise as projected.
MENTIONED IN THIS ARTICLE
Boston
New York City
Lower Manhattan
Brooklyn
Queens
Cynthia Rosenzweig
NASA
Veteran sues CNN Time Inc over nerve gas story
Michael Hagen a former Army Special Forces sergeant sued CNN Time Inc and three producers plus reporter Peter Arnett claiming he was deceived into interviews for a nerve gas hunting defectors article. He says they promised medical help and used footage of his narcotic meds while probing orders for dealing with defectors.
MENTIONED IN THIS ARTICLE
Los Angeles
U.S
CNN
Time Inc
Michael Hagen
Peter Arnett
Hagen
Kevin McLean
Army Special Forces
Robert van Buskirk
North Carolina
Veterans Administration
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