RV_ Posted July 8, 2015 Report Share Posted July 8, 2015 Excerpt: "The New York Stock Exchange has halted trading on all stocks after experiencing a major technical glitch. “NYSE/NYSE MKT has temporarily suspended trading in all symbols,” the NYSE said on its market status page. “All open orders will be cancelled. Additional information will follow as soon as possible.” The halting of all trading on one of the world’s largest exchanges is highly unusual. Stocks stopped trading just around 11:32 am. The NYSE said that all orders made during the freeze will be cancelled. But stocks that are listed on other exchanges could still be traded. Technical issues have previously plagued the markets. Facebook’s debut on the Nasdaq exchange was delayed considerably in May of 2012 when technical issues marred the initial public offering. The NYSE occasionally has had glitches as well, but few have taken down the entire exchange for such a length of time. When reached, the Securities and Exchange Commission declined to comment." http://www.washingtonpost.com/business/economy/nyse-trading-has-been-halted/2015/07/08/46b51974-2588-11e5-b72c-2b7d516e1e0e_story.html?hpid=z1 RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
RV_ Posted July 8, 2015 Author Report Share Posted July 8, 2015 It involves the WSJ, and United had a glitch too. RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
JRP Posted July 8, 2015 Report Share Posted July 8, 2015 seemed a bit suspicious to me that the same morning all United flights are grounded due to a network glitch, the NYSE is shut down due to a network glitch. But the authorities say there is, so far, no connection. http://www.reuters.com/article/2015/07/08/us-interconti-exc-nyse-trading-security-idUSKCN0PI22D20150708 Jim Link to comment Share on other sites More sharing options...
mds1 Posted July 8, 2015 Report Share Posted July 8, 2015 Good thing there are safety catches built in. Stops things like massive sell outs that occurred in the 1920's. Saved the market more than once. Mark from Missouri Our Future in an RV 2018 Ram 3500 Laramie Dually LB 6.7L HO Diesel Aisin Transmission 4x4 3.73 Gears 2019 Vanleigh Vilano 320GK 35’ fifth wheel 16,000-pound GVWR Link to comment Share on other sites More sharing options...
Five Wood Posted July 11, 2015 Report Share Posted July 11, 2015 I think it turned out to be a great example of the efficiencies of the American stock markets. It turned out to be nothing more than a computer malfunction. If it had not been for the news media the average investor would have gone unaware. The traffic was automatically redirected to other exchanges and the trades were executed. Jim JimSKP: 99693If you think you can, or you think you can't. . . you are probably right (Henry Ford)2014 Dodge 4WD Dually1998 Carriage LS-341 Link to comment Share on other sites More sharing options...
RV_ Posted July 11, 2015 Author Report Share Posted July 11, 2015 Aha! Thanks Mark and Jim! I was wondering how a closed market was still trading on my computer ticker! Makes sense. RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
Jim & Alice Posted July 11, 2015 Report Share Posted July 11, 2015 Put me down as one that does not see the outages as 'random events'. I see too much coincidence here. And if I were with the NYSE... I would be reviewing my Business Continuity planning. If it were a true computer 'glitch', the failover should have happened a little more seamlessly. JIm 2007 Dolphin Safe-T-Plus Steering Bar Our Blog: Click Here Link to comment Share on other sites More sharing options...
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