6 ms·
This 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 stoc
by minimax 11y ago
This 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.
- fsk 11y agoI interviewed at the NYSE a few years ago. Everyone was Indian.
- Gigablah 11y agoI'm not sure how that's relevant?
- fsk 11y agoHire cheap H1-bs, then your product doesn't work.
- esrauch 11y agoWhat?
- zabcik 11y agoWow, the first racist comment I've read on HN. Must be because reddit kicked you out.
- mgolawala 11y agoI was thinking the same thing. It's disgraceful. I know a disproportionately large percentage of Google and Microsoft are Indian too, quite likely Amazon as well. Making the connection that the NYSE glitch is somehow connected to the tech staff being Indian is absurd and completely racist.
- pekk 11y agoI took the implication to be that NYSE (like some other companies) makes disproportionate use of H1B and similar. One purpose of making very heavy use of H1B is to get workers who are more desperate and likely to accept worse pay, conditions, and longer hours. This is an open secret at at least one of the major companies like the ones you cited. The "prevailing wage" requirement is not hard to work around. Hacker News might not like or expect this, but if you run a sweat shop with little regard for the welfare of your employees, you should expect more mistakes and lower quality output. This is not a comment on the racial ability of people whose ancestors were on the Indian subcontinent. There is no evidence I ever heard of for any inherent difference of ability by race. But sweatshops, that is another story.
- thetruther 11y agoAs someone in the know, you could not be more wrong. But guesses are like opinions, right?
- TeMPOraL 11y agoWhat in particular do you think is wrong in the GP's comment? I see a bunch of pretty much self-evident statements about quality of work produced in sweatshops.
- deleted 11y ago[deleted]