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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?
Asymptotically close to 100%, given a little time.
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?
wsj goes down, nyse goes down due to technical glitch. seems like a crazy coincidence or some very large state who have a track record of infiltrating and disrupting America electronically at a time when the leaders of that state is feeling the heat and need to stop speculators.
Earlier quoted context omitted.
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.
Hacker News might not like or expect this, but if you run a sweat shop with little regard for the welfare of your employees, you should expect more mistakes and lower quality output. This is not a comment on the racial ability of people whose ancestors were on the Indian subcontinent. There is no evidence I ever heard of for any inherent difference of ability by race. But sweatshops, that is another story.
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…
[EDIT] The BATS issue you may have been referring to is BATS IPO when they tried to list on their own exchange. The technology failed miserably that day, so much so that they decided to pull the IPO altogether. One of the biggest fails I can think of.
BTW, is NYSE still run by a Tandem? Edit: I hope so! Great platform.
[0]http://www.nytimes.com/2015/07/09/business/dealbook/new-york...
And combined with the United Airlines ground stop happening now.. Something is certainly happening.
http://www.washingtonpost.com/business/economy/nyse-trading-...
Pretty bad timing, markets are already rattled because of China: http://www.bloomberg.com/news/articles/2015-07-08/u-s-index-... Regardless of the technical cause have a feeling this will make things worse and people more nervous.
The technical glitch is probably related to China news somehow, but it is rather meaningless for trading in general. NYSE has pretty antiquated technology compared to other exchanges.
If that were true, you'd expect to see volume spikes on multiple exchanges, which so far I haven't seen any evidence of.
And combined with the United Airlines ground stop happening now.. Something is certainly happening.