Let's get to the bottom of the United Airlines snafu

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1 Response

  1. Chris — I blog for NYSE Euronext, which runs the New York Stock Exchange. I come at this from a different point of view: I’m surprised that for all of the discussion of yesterday’s debacle in UAL stock, nobody appears to question where the stock is traded and how the choice of market could help prevent such a problem.

    Had UAL been listed on NYSE, a specialist assigned to the issue would have spotted the move and worked with Exchange staff to immediately halt the stock until the situation could be sorted out. In my view, no way would the price be allowed to go from $12+ to $3 for no good reason if the stock were listed on NYSE.

    If you’re interested in more on this, here’s a link to my post about it: http://exchanges.nyse.com/archives/2008/09/ual.php

    Thanks.

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