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NYSE/NYSE MKT has temporarily suspended trading in all symbols
- stygiansonic 11y agoSeems like they were having issues earlier today, since before market open. Looks like a network issue based on the previous reports. Those were marked as resolved; unsure if the current issue is related to the previous but it seems likely. Other exchanges and trading venues appear to operating normally.
- efuquen 11y agoPretty bad timing, markets are already rattled because of China: http://www.bloomberg.com/news/articles/2015-07-08/u-s-index-futures-tumble-with-asian-equities-as-miners-decline http://www.bloomberg.com/news/articles/2015-07-08/u-s-index-... Regardless of the technical cause have a feeling this will make things worse and people more nervous.
- washedup 11y agoThe technical glitch is probably related to China news somehow, but it is rather meaningless for trading in general. NYSE has pretty antiquated technology compared to other exchanges.
- usefulcat 11y ago> The technical glitch is probably related to China news somehow If that were true, you'd expect to see volume spikes on multiple exchanges, which so far I haven't seen any evidence of.
- thrownaway2424 11y agoMaybe their network administrator is stuck on the ground in a UAL plane.
- scrozier 11y agoWell, at least he/she can read the Wall Street Jo...oops.
- minimax 11y agoThis doesn't mean all trading is suspended, it just means you can't trade specifically on NYSE or NYSE MKT (formerly Amex). You can still trade NYSE listed stocks at all the other exchanges (BATS, NASDAQ, NYSE Arca, etc). Obviously a black eye for NYSE but it's not as big a deal as the media are making out.
- Q6T46nT668w6i3m 11y agoCNBC and Bloomberg have been repeatedly saying this
- deleted 11y ago[deleted]
- swasheck 11y agoall open orders cancelled.
- partiallypro 11y agoIt's still pretty bad. Imagine being the IT dept at the NYSE right now. The trading is likely being rerouted to other exchanges. The Wall Street Journal website is also down.
- ianhawes 11y agoPossibly related: wsj.com is also down.
- vonmoltke 11y agoOnly the front page is generating an error for some reason. Deeper links like http://www.wsj.com/news/economy http://www.wsj.com/news/economy still work fine.
- swasheck 11y agoUAL went down. WSJ down. NYSE halted. coincident? edit: based on everything that i've heard/read, the incidents are most likely not related. sorry for asking the question.
- notNow 11y agoDoes this have anything to do with the Chinese stock market rout and the rumors circulating that it's synthesized to a certain degree?
- swasheck 11y agointeresting question and i'm not familiar with the rumors. is it that the shanghai index crash is synthesized? not being completely fluent in the financial sector, how would this be achieved?
- notNow 11y agoFinancial markets can be manipulated provided you have the right keys. At this point in time, this is just a wild conspiracy theory and it's explained as retaliation for all the cyber attacks allegedly carried out by the Chinese govt or people affiliated with it.
- jerf 11y agoThere's plenty of reason to believe China was in a bubble long before these last couple of weeks, and if you don't like somebody and want to do them the maximum damage, you want to help inflate the bubble, not pop it. (Well, at least, if you have a rational view of how markets work.)
- omnipedal 11y agoOr retaliation for 2007-08 financial crisis. If I remember correctly, some Chinese quant gave the disastrous formula that caused it.
- speeder 11y ago
- chollida1 11y agoThis isn't much of an issue for traders That's a nice benefit of having 40+ trading venues in the US. They had problems at the open as well with connectivity on one of their gateways. Issues like this crop up all the time and most of the time they are resolved before the open. The good news is that they aren't reporting any lost trades or trade busts yet so this isn't as bad as the BATS open at BATS:) Having said that, they've announced that they will cancel all open orders, that is a huge deal, I can't remember the last time they did that. To put that into perspective, cancelling all open orders would be the Silicon Valley equivalent of Ebay loosing all bids on their current auctions. NYSE has always been considered second rate in their IT compared to the NASDAQ and BATS and this won't do much for their reputation. EDIT meant BATS not FB, thanks! One other point to keep in mind when throwing around hacking conspiracies. The exchanges aren't running on public networks. You can't DDOS them or hack directly into the matching engines. Though I'm sure you can break in via some other NYSE owned network and make your way to the matching engine somehow. To hook into the exchange you either go through a blessed intermediary like GS or you plug directly in via colocation. You just can't keep pinging the NYSE on port 80 to bring it down.
- swasheck 11y agoright. one trading head just noted that it's a "non-issue." the timing is interesting, though. it's midday so there's lighter volume. big problem is going to be with index calculation. other exchanges are functioning just fine and other venues are seeing plenty of action and stability.
- late2part 11y agoNothing to see here, move along.
- tptacek 11y agoAre there serious trading shops that don't route orders dynamically to multiple venues?
- chollida1 11y ago
- briandear 11y agoCombining this with the United airlines "glitch" -- it is definitely suspicious. What are the odds of two high profile failures happening at the same time?
- tuckermi 11y agoSounds like a similar problem to the birthday paradox - only instead of looking at the likelihood of any two people in room having the same birthday, we are asking what is the likelihood of two major companies having the same major, visible failure day. There is a nice explanation and calculator here: http://betterexplained.com/articles/understanding-the-birthday-paradox/ http://betterexplained.com/articles/understanding-the-birthd... The parameters that you provide would be the number of companies that would be newsworthy and the number of possible "dates". You could probably back out the latter from an expectation on reliability (five nines, as an example) or think of it as the time between major, visible failures (e.g. enter 3650 if you think of it as a once in ten years kind of failure).
- swasheck 11y agothanks. that's an excellent read and adds tremendous balance.
- omnipedal 11y agoIf there's smoke there's fire. In my view, Occam's razor might indicate that coincidence is unlikely, and that the two major incidents in US on the same day China's market crash suggest it's a state sponsored cyber attack.
- briandear 11y agoAnd combined with the United Airlines ground stop happening now.. Something is certainly happening.
- xhrpost 11y agoThat has already passed http://www.latimes.com/business/la-fi-united-flights-grounded-20150708-story.html http://www.latimes.com/business/la-fi-united-flights-grounde...
- BinaryIdiot 11y agoThat's a pretty big leap to make. You can't take disparate events, equate them and purport "something" is happening. That just doesn't make any sense.
- deleted 11y ago[deleted]
- jjulius 11y ago"NBC News quoted two unnamed U.S. officials as saying that there is no indication that the market shutdown was related to the computer problems that temporarily grounded all United Airlines flights Wednesday morning." http://www.washingtonpost.com/business/economy/nyse-trading-has-been-halted/2015/07/08/46b51974-2588-11e5-b72c-2b7d516e1e0e_story.html http://www.washingtonpost.com/business/economy/nyse-trading-...
- saryant 11y agoSHARES crashes every few months like this, that's not news.
- acscott 11y agoConsider this: what are the odds that a coincidence won't happen?
- task_queue 11y agoSomeone bought the "hackers" narrative.
- davidf18 11y agoTime to make the market makers fully electronic. No point in having to physically go to them. Why is NYSE so backwards compared with NASDAQ?
- deleted 11y ago[deleted]
- ExpiredLink 11y agoBTW, is NYSE still run by a Tandem? Edit: I hope so! Great platform.
- vonklaus 11y agoIt is now owned by Intercontinental Exchange[0] [0]http://www.nytimes.com/2015/07/09/business/dealbook/new-york-stock-exchange-suspends-trading.html?ref=business&_r=0 http://www.nytimes.com/2015/07/09/business/dealbook/new-york...
- nickpsecurity 11y agoThey're called HP NonStop now. Great platform. Yet, even the best platforms can't stop stupid code from ruining NYSE's day. ;)
- bra-ket 11y agoprobably it was a huge volume of trades at the open due to chinese market halt
- curiousjorge 11y agowsj goes down, nyse goes down due to technical glitch. seems like a crazy coincidence or some very large state who have a track record of infiltrating and disrupting America electronically at a time when the leaders of that state is feeling the heat and need to stop speculators.
- deleted 11y ago[deleted]
- swasheck 11y agoso you're saying that china has initiated some sort of half-cocked single-exchange attack? all other exchanges are operating, and trading is maintaining volume, and asset prices are stable. not sure i'm seeing the reasoning for such an attack.
- jaketay 11y agoIts a distraction. We are here talking about the NYSE not the colossal Chinese market collapse.
- kr4 11y agomany worlds' renouned economic experts have claimed that we're likely headed for yet another great depression. But noone can give you the exact date right? Maybe wrong. I recently read that there's a pattern of stock market collapse in every 7 or so years. Recall 1973, 1980, 1987 and then 2001, 2008. Article [0] links this pattern with Shemitah year and goes on to establish perfect correlation of economic crisis in last 100 or so years with Shemmitah and Jubilee years. This makes you wonder as to who's really controlling the world's affair? What's manifesting with Greece default and potential exit from Eurozone, China economic recession and other similar stuff makes me believe that a potential collapse in September/October couldn't be ruled out. 0] http://cosmicconvergence.org/?p=8811 http://cosmicconvergence.org/?p=8811
- omnipedal 11y agoout
- dataker 11y agoStill an Ad Hominem attack https://upload.wikimedia.org/wikipedia/commons/a/a3/Graham%27s_Hierarchy_of_Disagreement-en.svg https://upload.wikimedia.org/wikipedia/commons/a/a3/Graham%2...
- Nacraile 11y agoIn all seriousness, how are you supposed to "refute the central point" when the central point appears to be an anti-semitic conspiracy theory? How do you construct a reasoned, evidence backed counter-argument to an absurd, evidence-free belief? How do you prove a negative? (How do you reason a man out of a position he didn't reason himself into?)
- dataker 11y agoYou ignore and/or downvote
- auntienomen 11y ago
- ratsimihah 11y agoIt's just another advertising campaign for Mr. Robot.
- mark_l_watson 11y agoGood one! BTW, I like that show. Technology wise, sort of believable, and entertaining.
- PhoenixWright 11y agoThis is what happens when you pay ENGINEERS less than 100k in NYC! This is what happens when you hire a bunch of H1Bs! This is what happens when you don't invest in tech infrastructure! Why aren't Vladimir Tenev and Baiju Bhatt being acquihired? Why isn't David Byttow making 1 million plus as a full stack engineer for the NYSE? It's because companies, even those heavily dependent on their systems, see tech workers as a cost instead of THE business. This will more than likely never change. Underpaid engineers vastly outperform their salaries. But when things like this happen I can't help but feel a little glee.
- blobbers 11y agoWhat are you trying to say? That somehow American born engineers are better than those from the rest of the world? The attitude of a small subset of people in this country is a constant reminder of why I don't feel at home here.
- littletimmy 11y agoIt looks like Anonymous tweeted something about this yesterday... https://twitter.com/YourAnonNews/status/618626955433349120 https://twitter.com/YourAnonNews/status/618626955433349120
- deleted 11y ago[deleted]
- kevinpet 11y agoWe all knew today would be "bad for wall street". The Chinese stock market is crumbling (due to economic, not technical reasons) and Greece is in the fiscal equivalent of the crazy guy barricaded in his house with this gun collection.
- justinzollars 11y agoApparently its an staypuft attack https://twitter.com/staypuft/status/618808119695544321 https://twitter.com/staypuft/status/618808119695544321
- NN88 11y agoMore info on them/this?
- ablation 11y agoWell, one thing this has done is bring the paranoid out of the woodwork. I've rarely seen such a display of tinfoil hattery on HN as I have done in the last few days.
- swasheck 11y agothis is nothing compared to the comment thread on zerohedge. they're connecting jade helm, china, greece, and this into something pretty extraordinary.
- ablation 11y agoYeah, but that is Zero Hedge's audience though: the upper echelon, rarified air, pure-bred market conspiracy theorist. What surprised me is seeing it start to creep in HN in such a volume.
- swasheck 11y agofunny description. i wasn't familiar with them until today but it's fascinating.
- Kephael 11y agoI've read ZH for six years, it used to be much better until the tinfoil hat, buy gold now brigade took over.
- ablation 11y agoAnd occasionally it still can be - the odd nugget of outside analysis and opinion from anyone but "Tyler," mainly. Don't get me wrong, I enjoy Zero Hedge these days too, but mainly for entertainment value than anything actually insightful.
- ddeck 11y agoFrom the NY Times: "A trader on the floor of the exchange in lower Manhattan, who spoke on the condition of anonymity, said that after the suspension began, traders were told that the problem was related to updated software that was rolled out before markets opened on Wednesday. According to the trader, the exchange said that the new software caused problems soon after trading began on Wednesday and the exchange decided to shut down trading all together to fix the problem. A representative for the exchange did not respond to a request for comment on the trader’s account." http://www.nytimes.com/2015/07/09/business/dealbook/new-york-stock-exchange-suspends-trading.html?hp&action=click&pgtype=Homepage&module=first-column-region®ion=top-news&WT.nav=top-news http://www.nytimes.com/2015/07/09/business/dealbook/new-york...
- swasheck 11y agothree cheers for SDLC!!!
- ocschwar 11y agoGood thing I still have all the MREs I bought for Y2K
- noname123 11y agoVery interesting, obviously matters very little to retail traders as most retail brokerages either sell order-flow to marketmakers (e.g., Ameritrade) or have their own smart-router that looks at the liquidity of all exchanges/ECN and decides how to route their customers' orders (Interactive Brokers). Quick question for trading peeps out there, is there a reason why one would want to direct orders directly to NYSE? Is it because it's still the place to trade bulk orders? (vs. say BATS or ARCA).
- naqeeb 11y agoSystems have bugs all the time. Unfortunately, it was bad timing that all of these systems were affected by different issues. You're better off using a jump to conclusions board rather than speculating on the correlation of these events.
- godgod 11y agoThe markets are rigged. Get out now.
- themeek 11y agoThis is a 'networking issue' not yet attributed to an adversarial compromise. There is also an outage at United Airlines and the Wall Street Journal - none so far attributed to an attack.