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NYSE/NYSE MKT has temporarily suspended trading in all symbols

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

#51

Post by chollida1 »

tptacek wrote: post #44
chollida1 wrote: post #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 tha…

Are there serious trading shops that don't route orders dynamically to multiple venues?

Yes in the sense that about 90% of hedge funds just use a SOR(Smart Order Router) from their executing broker. So from the funds perspective they are just sending an order to GS that should execute on the "US Market" and they expect GS to send it to the appropriate venue.

Most funds just trade through an intermediary like GS and all intermediaries have SOR's that route to each venue in the US as per RegNMS

The remaining 10% are your market makers and HFT's and for them this is a bit of a headache but it happens and they are well equipped to deal with this. No fund that I know of is a market maker for just the NYSE, but if there is then I guess they just go home early?

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

#53

Post by mangeletti »

swasheck wrote: 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.

ZeroHedge was down for a bit as well. I thought maybe it was an AWS (or other cloud provider) issue causing all the problems, until I read about the NYSE issue.

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

#54

Post by kr4 »

many worlds' renouned economic experts have claimed that we're likely headed for yet another great depression. But noone can give you the exact date right? Maybe wrong. I recently read that there's a pattern of stock market collapse in every 7 or so years. Recall 1973, 1980, 1987 and then 2001, 2008. Article [0] links this pattern with Shemitah year and goes on to establish perfect correlation of economic crisis in last 100 or so years with Shemmitah and Jubilee years. This makes you wonder as to who's really controlling the world's affair?

What's manifesting with Greece default and potential exit from Eurozone, China economic recession and other similar stuff makes me believe that a potential collapse in September/October couldn't be ruled out.

0] http://cosmicconvergence.org/?p=8811

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

#55

Post by mrdrozdov »

chollida1 wrote: post #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 tha…

I'm really happy to see that they're canceling all open orders. It's much better than letting them stick around and then execute with unexpected behavior. It looks like NYSE learned from what happened related the FB opening (just as you alluded to), and what happened with Knight around the same time. Playing it safe can be a smart move, even in the stock market.

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

#56

Post by omnipedal »

tuckermi wrote: post #35
briandear wrote: post #21

Combining 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…

If there's smoke there's fire. In my view, Occam's razor might indicate that coincidence is unlikely, and that the two major incidents in US on the same day China's market crash suggest it's a state sponsored cyber attack.

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

#58

Post by omnipedal »

notNow wrote: post #36
swasheck wrote: post #17

Earlier quoted context omitted.

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.

Or retaliation for 2007-08 financial crisis. If I remember correctly, some Chinese quant gave the disastrous formula that caused it.

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

#59

Post by omnipedal »

kr4 wrote: post #54

many worlds' renouned economic experts have claimed that we're likely headed for yet another great depression. But noone can give you the exact date right? Maybe wrong. I recently read that there's a pattern of stock market collapse in every 7 or so years. Recall 1973, 1980, 1987 and then 2001, 2008. Article [0] links this pattern with Shemitah year and goes on to establish perfect correlation of economic crisis in l…

out

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

#60

Post by oldmanjay »

briandear wrote: post #21

Combining this with the United airlines "glitch" -- it is definitely suspicious. What are the odds of two high profile failures happening at the same time?

Also I've been having real trouble getting HBO Now to stream consistently. That's triply suspicious! Or a total coincidence.
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