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An exchange having to stop trading and gracefully shut down their systems for a few days doesn't really strike me as a disaster though.
by Wohlf 1y ago
An exchange having to stop trading and gracefully shut down their systems for a few days doesn't really strike me as a disaster though.
- IsTom 1y agoIt might be slightly inconvenient to people who want to sell their shares.
- terminalshort 1y agoNot really because there are a lot of stock markets these days.
- ta12653421 1y agoBut depending on the setup, often you just cant "sell the one thing at another exchange which you bought earlier at a different exchange", sure this depends on the country/etc.
- terminalshort 1y agoThere may be some odd financial instrument that can only be traded on a single exchange, but that's generally not going to be something that is liquid enough for HFT trading anyway. The idea that a stock is listed "on the NYSE" and can only be traded there is a quaint anachronism. e.g. https://help.tradestation.com/10_00/eng/tradestationhelp/routes/bats_exchange_.htm https://help.tradestation.com/10_00/eng/tradestationhelp/rou...
- rchaud 1y agoThe NYSE was only closed for 3 business days after 9/11. Uptime is important for listed companies.