Earlier quoted context omitted.
I interviewed at the NYSE a few years ago. Everyone was Indian.
I'm not sure how that's relevant?
Hire cheap H1-bs, then your product doesn't work.
NYSE/NYSE MKT has temporarily suspended trading in all symbols
31–40 of 155 posts
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#32UAL 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.
Maybe there's a stock market hacker flying around on planes...kinda like in the movie Hackers. Of course, in that movie they had no trouble cuffing him without grounding the plane. :)
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#33Earlier quoted context omitted.
I interviewed at the NYSE a few years ago. Everyone was Indian.
Wow, the first racist comment I've read on HN. Must be because reddit kicked you out.
I was thinking the same thing. It's disgraceful.
I know a disproportionately large percentage of Google and Microsoft are Indian too, quite likely Amazon as well. Making the connection that the NYSE glitch is somehow connected to the tech staff being Indian is absurd and completely racist.
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#34This 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 tha…
right. one trading head just noted that it's a "non-issue." the timing is interesting, though. it's midday so there's lighter volume. big problem is going to be with index calculation. other exchanges are functioning just fine and other venues are seeing plenty of action and stability.
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#35Combining this with the United airlines "glitch" -- it is definitely suspicious. What are the odds of two high profile failures happening at the same time?
Sounds like a similar problem to the birthday paradox - only instead of looking at the likelihood of any two people in room having the same birthday, we are asking what is the likelihood of two major companies having the same major, visible failure day. There is a nice explanation and calculator here:
http://betterexplained.com/articles/understanding-the-birthd...
The parameters that you provide would be the number of companies that would be newsworthy and the number of possible "dates". You could probably back out the latter from an expectation on reliability (five nines, as an example) or think of it as the time between major, visible failures (e.g. enter 3650 if you think of it as a once in ten years kind of failure).
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#36Earlier quoted context omitted.
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?
Financial markets can be manipulated provided you have the right keys. At this point in time, this is just a wild conspiracy theory and it's explained as retaliation for all the cyber attacks allegedly carried out by the Chinese govt or people affiliated with it.
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#37And combined with the United Airlines ground stop happening now.. Something is certainly happening.
That's a pretty big leap to make. You can't take disparate events, equate them and purport "something" is happening. That just doesn't make any sense.
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#38Time to make the market makers fully electronic. No point in having to physically go to them. Why is NYSE so backwards compared with NASDAQ?
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#39Combining this with the United airlines "glitch" -- it is definitely suspicious. What are the odds of two high profile failures happening at the same time?
Sounds like a similar problem to the birthday paradox - only instead of looking at the likelihood of any two people in room having the same birthday, we are asking what is the likelihood of two major companies having the same major, visible failure day. There is a nice explanation and calculator here: http://betterexplained.com/articles/understanding-the-birthd... The parameters that you provide would be the number o…
thanks. that's an excellent read and adds tremendous balance.
Re: NYSE/NYSE MKT has temporarily suspended trading in all symbols
#40This 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.
CNBC and Bloomberg have been repeatedly saying this
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