Hackers Penetrate Nasdaq Computer Networks

PatPending tips a Wall Street Journal report claiming that hackers have repeatedly broken into the computer networks of the company running the Nasdaq Stock Exchange. "The exchange's trading platform—the part of the system that executes trades—wasn't compromised, these people said. However, it couldn't be determined which other parts of Nasdaq's computer network were accessed. Investigators are considering a range of possible motives, including unlawful financial gain, theft of trade secrets and a national-security threat designed to damage the exchange. The Nasdaq situation has set off alarms within the government because of the exchange's critical role, which officials put right up with power companies and air-traffic-control operations, all part of the nation's basic infrastructure."

Comments

Re:Trouble in the national casino!

[peragrin]

your post has nothing to do with the GP's.

He was saying how the majority of trades aren't interested in the companies but whether or not the stock will go up or down 30 seconds from now and how much can i make from that movement.

less 15% of investors invest for long term companies, and even less hold on to said stock for longer than a month. Most investments are only 30 second actions of buy let it go up 1 cent and sell it again. actual company performance in that face is entirely unrealistic and unnecessary.

What is needed is a minimum of a 24 hour hold time for all stocks. Kill the day traders that poison the country's economy.