Time for a System Check
This column was originally published on RealMoney on March 1 at 2:49 p.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
As the markets take a breather around the unchanged line, it's a good time to do a system check.
There's been a lot of talk about the technical glitch at the New York Stock Exchange, which I still think was basically a delayed quote and meant little in real terms; trading was much more orderly than if it were all being done by live humans. However, I haven't heard any complaints that any brokerage firms had overloads, glitches or failures.
Before I tout this as a testament to the capability and efficiency of the electronic platforms now widely in place, especially given that extra bandwidth needed now that many options are trading in penny increments, I should ask: Has anyone had any problems out there? ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
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