Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

NYSE’s Leibowitz Says Centralized Audit Trail Is ‘Critical’

Regulators should proceed with plans to collect and store data on all U.S. securities trading, an initiative that is “absolutely critical” to keeping markets fair, NYSE Euronext’s chief operating officer said.

After the May 2010 crash that erased $862 billion in 20 minutes, the Securities and Exchange Commission and stock markets implemented circuit breakers last year to prevent volatility in individual companies from spreading throughout the market. The SEC said this year that it might mandate a system that limits moves in securities prices.

“Limit-up and limit-down, that solves some of the problem, but in my view that’s not enough,” Larry Leibowitz, the chief operating officer of the New York Stock Exchange’s owner, said at a Society of American Business Editors and Writers conference in New York today. “The SEC proposal to create centralized audit trail is absolutely critical so we can say someone is surveilling across all markets,” he said. “It’s our job as an industry and the exchanges in particular to stand up for transparency and integrity.”

Regulators and exchanges are reviewing plans to improve surveillance of trading activity after the rout on May 6, 2010. Leibowitz said today that the so-called flash crash was a “crystallization of the problems that had been occurring in the marketplace for years.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.