NYX Crash!

Well, the shorts were right in a big way. NYX is down 15%. Will it find strength, or is Kramer going to be shamed? The arguments against it are the high multiple, and the insane competition in online trade execution. The new NYX hybrid system is apparently 10 times slower than the Nasdaq and other systems because it is new and mimics the auction style system the original floor traders used. On the flip side, it is on a tear to merge with partner exchanges internationally (Euronext, India, Japan), and is leading in ETF trade volume.