NYSE Says It Would Take Over Nasdaq Stock Quote System

wochit business
January 15, 2014 AT 7:31 AM
NYSE Euronext offered on Wednesday to take over the data processor at the center of the massive Nasdaq trading outage last August after Nasdaq OMX Group indicated it would stop running it. NYSE Euronext "would be happy to" run the Nasdaq securities information processor that provides investors with stock quotes and last sale prices, Duncan Niederauer, chief executive of NYSE Euronext, told CNBC on Wednesday. The IntercontinentalExchange Group unit operates its own SIP. Nasdaq recently gave the committee that governs the SIP that provides data for Nasdaq-listed stocks a two-year notice that it will stop running the system, Reuters reported on Tuesday.