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NYSE/NYSE MKT has temporarily suspended trading in all symbols

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11–20 of 155 posts

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#11
This isn't much of an issue for traders That's a nice benefit of having 40+ trading venues in the US. They had problems at the open as well with connectivity on one of their gateways.

Issues like this crop up all the time and most of the time they are resolved before the open. The good news is that they aren't reporting any lost trades or trade busts yet so this isn't as bad as the BATS open at BATS:)

Having said that, they've announced that they will cancel all open orders, that is a huge deal, I can't remember the last time they did that.

To put that into perspective, cancelling all open orders would be the Silicon Valley equivalent of Ebay loosing all bids on their current auctions.

NYSE has always been considered second rate in their IT compared to the NASDAQ and BATS and this won't do much for their reputation.

EDIT meant BATS not FB, thanks!

One other point to keep in mind when throwing around hacking conspiracies. The exchanges aren't running on public networks. You can't DDOS them or hack directly into the matching engines. Though I'm sure you can break in via some other NYSE owned network and make your way to the matching engine somehow.

To hook into the exchange you either go through a blessed intermediary like GS or you plug directly in via colocation. You just can't keep pinging the NYSE on port 80 to bring it down.

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#12
post #7

UAL went down. WSJ down. NYSE halted. coincident? edit: based on everything that i've heard/read, the incidents are most likely not related. sorry for asking the question.

Does this have anything to do with the Chinese stock market rout and the rumors circulating that it's synthesized to a certain degree?

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#15
post #5

This doesn't mean all trading is suspended, it just means you can't trade specifically on NYSE or NYSE MKT (formerly Amex). You can still trade NYSE listed stocks at all the other exchanges (BATS, NASDAQ, NYSE Arca, etc). Obviously a black eye for NYSE but it's not as big a deal as the media are making out.

It's still pretty bad. Imagine being the IT dept at the NYSE right now. The trading is likely being rerouted to other exchanges. The Wall Street Journal website is also down.

I interviewed at the NYSE a few years ago. Everyone was Indian.

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#16
post #7

UAL went down. WSJ down. NYSE halted. coincident? edit: based on everything that i've heard/read, the incidents are most likely not related. sorry for asking the question.

The Journal's issue appears to be only with their front page. The rest of the site is working correctly.

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#17
post #12
post #7

UAL went down. WSJ down. NYSE halted. coincident? edit: based on everything that i've heard/read, the incidents are most likely not related. sorry for asking the question.

Does this have anything to do with the Chinese stock market rout and the rumors circulating that it's synthesized to a certain degree?

interesting question and i'm not familiar with the rumors. is it that the shanghai index crash is synthesized? not being completely fluent in the financial sector, how would this be achieved?

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#18
post #15

Earlier quoted context omitted.

It's still pretty bad. Imagine being the IT dept at the NYSE right now. The trading is likely being rerouted to other exchanges. The Wall Street Journal website is also down.

I interviewed at the NYSE a few years ago. Everyone was Indian.

I'm not sure how that's relevant?

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#19
post #7

UAL went down. WSJ down. NYSE halted. coincident? edit: based on everything that i've heard/read, the incidents are most likely not related. sorry for asking the question.

The TV is stating that US government sources do not see a connection.

Edit: Now the Secretary of Homeland Security is saying that there is no evidence of United or the NYSE being due to malice.

Edit (about an hour later): Now the White House Press Secretary is reiterating the point about no indication of malicious actors.

Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols

#20
post #7

UAL went down. WSJ down. NYSE halted. coincident? edit: based on everything that i've heard/read, the incidents are most likely not related. sorry for asking the question.

HN was down earlier today too, or at least timing out on my end. never saw that before.
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