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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

#101

Post by el_duderino »

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…

A tweet from last night: "Wonder if tomorrow is going to be bad for Wall Street.... we can only hope."

(source: https://twitter.com/YourAnonNews/status/618626955433349120)

Good call on their part. Coincidence?

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

#102

Post by ablation »

swasheck wrote: post #100
ablation wrote: post #96

Well, one thing this has done is bring the paranoid out of the woodwork. I've rarely seen such a display of tinfoil hattery on HN as I have done in the last few days.

this is nothing compared to the comment thread on zerohedge. they're connecting jade helm, china, greece, and this into something pretty extraordinary.

Yeah, but that is Zero Hedge's audience though: the upper echelon, rarified air, pure-bred market conspiracy theorist. What surprised me is seeing it start to creep in HN in such a volume.

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

#103

Post by ska »

omnipedal wrote: post #56
tuckermi wrote: post #35

Earlier quoted context omitted.

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.

You state this in response to a comment linking to a good description of why, precisely, this is broken thinking. Did you even read it?

Also, you've got Occam's razor around backwards, always a good way to cut yourself in public (Occam's razor resists adding more complexity to the solution without evidence)

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

#104

Post by blobbers »

PhoenixWright wrote: post #71

This is what happens when you pay ENGINEERS less than 100k in NYC! This is what happens when you hire a bunch of H1Bs! This is what happens when you don't invest in tech infrastructure! Why aren't Vladimir Tenev and Baiju Bhatt being acquihired? Why isn't David Byttow making 1 million plus as a full stack engineer for the NYSE? It's because companies, even those heavily dependent on their systems, see tech workers as…

What are you trying to say? That somehow American born engineers are better than those from the rest of the world?

The attitude of a small subset of people in this country is a constant reminder of why I don't feel at home here.

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

#105

Post by maxerickson »

el_duderino wrote: post #101
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…

A tweet from last night: "Wonder if tomorrow is going to be bad for Wall Street.... we can only hope." (source: https://twitter.com/YourAnonNews/status/618626955433349120 ) Good call on their part. Coincidence?

That tweet is probably about the market situation in China.

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

#106

Post by ceejayoz »

omnipedal wrote: post #79
pitnips wrote: post #76

Earlier quoted context omitted.

China's market has been crashing for a few days now. How does a cyber attack on the NYSE help China? All trades will go through just fine on NASDAQ and BATS.

maybe china doesn't have a sophisticated cyber-offense strategy so they are hitting whatever few targets they can.

China's cyber-offense is generally considered to be top notch.

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

#107

Post by swasheck »

ablation wrote: post #102
swasheck wrote: post #100

Earlier quoted context omitted.

this is nothing compared to the comment thread on zerohedge. they're connecting jade helm, china, greece, and this into something pretty extraordinary.

Yeah, but that is Zero Hedge's audience though: the upper echelon, rarified air, pure-bred market conspiracy theorist. What surprised me is seeing it start to creep in HN in such a volume.

funny description. i wasn't familiar with them until today but it's fascinating.

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

#108

Post by auntienomen »

Nacraile wrote: post #83
dataker wrote: post #80

Earlier quoted context omitted.

Still an Ad Hominem attack https://upload.wikimedia.org/wikipedia/commons/a/a3/Graham%2...

In all seriousness, how are you supposed to "refute the central point" when the central point appears to be an anti-semitic conspiracy theory? How do you construct a reasoned, evidence backed counter-argument to an absurd, evidence-free belief? How do you prove a negative? (How do you reason a man out of a position he didn't reason himself into?)

How do you construct a reasoned, evidence backed counter-argument to an absurd, evidence-free belief?

One answer is that you fight stupid with stupid. See for example, Ali G winning an argument with a creationist by asking him, "OK, has you ever eaten a banana?"

But, on HN, ignore and downvote. Stupid isn't welcome.

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

#109

Post by [deleted] »

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?

[deleted]
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