John Thain, CEO of the New York Stock Exchange has thus far denied reports of an SEC investigation into trading glitches occurring on the exchange. In the process, Thain also denied rumors of his imminent departure from the NYSE. Reportedly, the SEC has concerns over the ability of the Exchange's new electronic trading system to handle the strain of heavy trading, such as the recent selloff.

More on Thain and the NYSE from Reuters.

-- MDT

Labels: John Thain, NYSE, SEC