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: http://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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Bank-led consortium takes aim at position reporting
Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position reporting disclosures.
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Consortium backs BGC’s effort to challenge CME
Banks and market makers—including BofA, Citi, Goldman, Jump and Tower—will have a 26% stake in FMX.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
Can exchanges leverage new tech to claw back ETF share from RFQ platforms?
Systematic trading strategies and proliferating data are bringing efficiency to an otherwise-fragmented European ETF market.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
Liquidnet sees electronic future for gray bond trading
TP Icap’s gray market bond trading unit has more than doubled transactions in the first quarter of 2024.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- Women in Technology & Data Awards 2024: All the winners and why they won