Then, in a single moment that will leave no one advantaged or disadvantaged, Nasdaq will leap into a new world of bandwidth. If there is one big reason Nasdaq operates on a private network rather than on the Internet, it is Bailor's conviction that private networks limit the risk of unwanted visitors. Nasdaq users must either dial into it or have a hard-wired connection. A user can be on in only one place at a time, and if someone other than the authorized user tries to sign on with that user's ID, she is not allowed onto the system. Punishment for unauthorized behavior is swift and certain, as he knows personally.
Hickey does at least one tour a week.
He used to have his own account, which he used for demonstrations. He accidentally made some trades. Luckily, the market was kind to him. But he no longer is able to use the very system he's in charge of. You don't have protection on anything that's in the pipe.