Hello,
I have a research about September 11 2001 crash
so i need to know
the action taken by :
Market management in the stock exchange
I don't understand what is meant by market management
can anyone tell me or give me example i would be thankful
Thanks
Karim
At the time of the terrorists attacks many of the supermarkets across the US were overwhelmed with people rushing to the stores to buy food, water, and rice krispy treats.
Because of this many of the Managers at the Markets started to manage their stores differently.
This information about 9/11 and the stock market may also help you.
http://en.wikipedia.org/wiki/September_11,_2001_attacks
I suspect they mean the management at the New York Stock Exchange which is part of the Wall Street area money management center in the area of the World Trade Center.
I do not recall if they halted trading on the stock exchange but assume they did. Try google for NYSE and World Trade Center and terrorist.
Here is a tiny bit of what I found:
The NYSE was evacuated because of the World Trade Center bombing and closed for the day. The Nasdaq had planned to open, but later announced that it would remain closed for the day.
An early rally based on a positive pre-announcement from Nokia fell apart on the news, as index futures and foreign markets plunged.
ok after re-reading i uaserdtnnd the 13th grade dealio a little more haha, and i know what you mean by staying in your comfort zone. but that has nothing to do with going out of state. I could have gone half way around the world and never tried anything new (except maybe the food) I could have gone to UWWC and stepped out of my comfort zone as much as i already have this year. Its more a matter of taking advantage of opportunities rather then spending extra $$ to go one state away
Hello Karim!
Market management refers to the actions taken by the individuals or entities responsible for overseeing and regulating the stock exchange or financial markets during certain events or circumstances. In the context of the September 11, 2001, crashes, market management would involve the response and initiatives undertaken by the relevant authorities to manage the impact on the stock exchange.
Here are some actions taken by market management in response to the 9/11 crashes:
1. Temporary closure: Following the attacks on September 11, 2001, the stock market (NYSE and NASDAQ) was closed for four days and didn't reopen until September 17, 2001. This closure was aimed at stabilizing the market and allowing officials to assess the situation.
2. Coordination with other agencies: Market management would have worked closely with regulatory bodies such as the Securities and Exchange Commission (SEC) to ensure the safety and stability of the financial system. This collaboration may have included monitoring market participants, ensuring compliance with regulations, and implementing emergency procedures.
3. Communication and transparency: During crises, market management plays a crucial role in maintaining open lines of communication with market participants, investors, and the public. This helps to provide timely updates, reassurance, and guidance on the situation. Open and transparent communication helps restore confidence in the market.
4. Assessing market impact: Market management would have analyzed the potential implications of the crashes on the overall stock market, specific sectors, and individual companies. This assessment aims to gauge the extent of the damage, identify vulnerabilities, and design appropriate measures to protect market integrity.
5. Implementing safeguards: To prevent panic, market management may have implemented measures to stabilize the market when it reopened. These measures could include circuit breakers (automatic trading halts triggered by substantial market declines) and other mechanisms to prevent extreme volatility.
It is important to note that specific actions taken by market management in response to the 9/11 crashes may vary depending on the jurisdiction, market structure, and regulatory frameworks in place.
To get more detailed and accurate information about the specific actions taken by market management during the September 11, 2001, crashes, I recommend referring to academic articles, news reports, and official documents published by regulatory bodies or stock exchanges during that time.
I hope this explanation helps you understand the concept of market management and provides some insights into the actions that may have been taken during the 9/11 crashes. Good luck with your research!