Updated: NYSE Resumes Trading Following Glitch; Cyber Attack Ruled Out
Trading was suspended for several hours due to an internal glitch.
Trading on NYSE was suspended at 11:32 a.m. and did not resume until after 3 p.m. According to the exchange, the suspension was not a result of a cyber breach.
[You can read Anthony Malakian's thoughts on the outage here.]
At 3:05 p.m. trading on NYSE MKT resumed, followed by NYSE and NYSE MKT (Tape C) at 3:10 p.m. According to the exchange, closing auctions will continue as normal. According to a trader speaking to The New York Times, exchange employees canceled about 700,000 order manually and then rebooted its systems.
All systems are back up and running with the exception of Openbook feed for NYSE MKT primary markets.
At 11:32 a.m. EST the NYSE market page announced the suspension of trading.
"NYSE/NYSE MKT has temporarily suspended trading in all symbols. Additional information will follow as soon as possible," according to the exchange.
NYSE Arca and NYSE Amex/Arca Options were not affected by the suspension of NYSE.
The system outage was preceded by issues that occured earlier in the morning.
At 10:37 a.m. NYSE announced due to a technical problem customers may not have received acknowledgements on orders submitted before 9:30 a.m. for 220 symbols. Customers were advised to cancel any orders that they did not receive an acknowledgement for.
At 11:51 a.m. NYSE updated its status page, stating that all open orders will be cancelled.
At 12:28 p.m. @NYSE posted a three-part tweet explaining the situation.
"The issue we are experiencing is an internal technical issue and is not the result of a cyber breach. We chose to suspend trading on NYSE to avoid problems arising from our technical issue. NYSE-listed securities continue to trade unaffected on other market centers," the tweets said.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
The race to ‘financialize’ GPU compute set to ratchet up
The Waters Wrap: Anthony looks at two companies aiming to bring efficiency and transparency to the GPU compute market.
Model risk in the age of generative AI
Banks are racing to understand the risks posed by a new breed of multi-purpose bots.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
TNS integrates Radianz, Exegy reduces latency, BondXN allies with BlackRock, and more
A recap of this week’s major tech and data news in the capital markets.
Re-engineering reconciliations: User-initiated AI cuts recs from days to minutes
Reconciliations have long been tied to batch scheduling. Prasanna Anandan explains how one bank broke down bottlenecks by embedding an AI-driven, user-initiated interface.
SFC lifts lid on new Hong Kong FIC trading platform
Regulator sheds light on venue that could rival Bloomberg, Tradeweb in CNH market
WatersTechnology latest edition
Check out our latest edition, plus more than 14 years of our best content.
24X National Exchange faces uphill battle in exemption fight
The Waters Wrap: 24X wants exemption from the requirement that the SIP be operational during overnight hours for its overnight session to proceed. Nyela explains why that’s asking a lot.