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
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.
MayStreet founder says LSEG abandoned integration in new court filing
In response to LSEG’s motion to dismiss a lawsuit filed by the founder of one of its acquired companies, lawyers for Patrick Flannery have offered more details around communications between MayStreet and the exchange group.
As outages spread, it’s time to rethink how we view infrastructure technology
Waters Wrap: First AWS and then Azure. And these are only the most recent of significant outages. Anthony says a change is needed when it comes to calculating server migrations.
LLM firms come for finance, BMLL gets bought, LSEG users get Preqin feeds, and more
The Waters Cooler: Tradeweb completes fully electronic RFM swaptions trade, IBM cashes in on digital asset mania, and more frights and delights in this week’s news roundup.
TMX’s CEO wonders if tokenization is a ‘solution looking for a problem’
While acknowledging the potential of tokenizing securities, John McKenzie said regulators shouldn’t move too fast, and let customer demand drive adoption.
Bolsa Mexicana embarks on multi-year modernization project
Latin America’s second largest exchange is embracing cloud and upgrading its infrastructure in a bid to bolster its global standing, says CEO.