NYSE/NYSE MKT has temporarily suspended trading in all symbols • Hacker News Board

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

#111

Post by ddeck » Wed, Jul 08, 2015, 5:50 PM UTC

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 decided to shut down trading all together to fix the problem.

A representative for the exchange did not respond to a request for comment on the trader’s account."

http://www.nytimes.com/2015/07/09/business/dealbook/new-york...

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

#112

Post by swasheck » Wed, Jul 08, 2015, 5:52 PM UTC

oldmanjay wrote: post #60

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.

your GoT frame-by-frame analysis will certainly be delayed

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

#113

Post by NN88 » Wed, Jul 08, 2015, 5:53 PM UTC

justinzollars wrote: post #88

Apparently its an staypuft attack https://twitter.com/staypuft/status/618808119695544321

More info on them/this?

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

#114

Post by [deleted] » Wed, Jul 08, 2015, 5:54 PM UTC

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…

[deleted]

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

#115

Post by fixxer » Wed, Jul 08, 2015, 5:58 PM UTC

thetruther wrote: post #92

pekk wrote: post #64

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?

Genuinely curious: What are your qualifications?

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

#116

Post by perfTerm » Wed, Jul 08, 2015, 5:59 PM UTC

[deleted] wrote: post #114

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…

[deleted]

I think a lot of the exchanges are primarily hard wire since shaving yactoseconds is of actual importance to most of the users, no?

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

#117

Post by maxerickson » Wed, Jul 08, 2015, 6:07 PM UTC

maxerickson wrote: post #19

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.

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.

Now 2 hours later Tom Farley, President of the NYSE, is stating that it is an internal technical problem.

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

#118

Post by ocschwar » Wed, Jul 08, 2015, 6:10 PM UTC

Good thing I still have all the MREs I bought for Y2K

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

#119

Post by _jal » Wed, Jul 08, 2015, 6:18 PM UTC

thetruther wrote: post #92

pekk wrote: post #64

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?

You are in the know, because "you run a sweat shop with little regard for the welfare of your employees"?

For what little it is worth, I've found H1B employees to run the full range of amazing incompetent at rates indistinguishable (by me) from "natives" in the Bay Area.

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

#120

Post by noname123 » Wed, Jul 08, 2015, 6:23 PM UTC

Very interesting, obviously matters very little to retail traders as most retail brokerages either sell order-flow to marketmakers (e.g., Ameritrade) or have their own smart-router that looks at the liquidity of all exchanges/ECN and decides how to route their customers' orders (Interactive Brokers).

Quick question for trading peeps out there, is there a reason why one would want to direct orders directly to NYSE? Is it because it's still the place to trade bulk orders? (vs. say BATS or ARCA).