121–130 of 155 posts
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.
Earlier quoted context omitted.
HN was down earlier today too, or at least timing out on my end. never saw that before.
that happens to me quite a bit. nginx gateway errors are pretty common on HN in my experience
Well maybe sarcasm is not _exactly_ the right sentiment but you get my drift.
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…
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…
[deleted]
Earlier quoted context omitted.
I took the implication to be that NYSE (like some other companies) makes disproportionate use of H1B and similar. One purpose of making very heavy use of H1B is to get workers who are more desperate and likely to accept worse pay, conditions, and longer hours. This is an open secret at at least one of the major companies like the ones you cited. The "prevailing wage" requirement is not hard to work around. Hacker New…
As someone in the know, you could not be more wrong. But guesses are like opinions, right?
Know what?
From the NY Times: "A trader on the floor of the exchange in lower Manhattan, who spoke on the condition of anonymity, said that after the suspension began, traders were told that the problem was related to updated software that was rolled out before markets opened on Wednesday. According to the trader, the exchange said that the new software caused problems soon after trading began on Wednesday and the exchange deci…
You're better off using a jump to conclusions board rather than speculating on the correlation of these events.
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.
In the case of United Airlines, be prepared to adjust your threshold of expected incompetence dramatically upward; since their merger with Continental multiple years ago, system-wide outages have been an every-couple-of-months thing.
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.