22 August 2017
Visit http://response.ncr.com

Nyse blames server upgrade for stock trading suspension

13 November 2012  |  5310 views  |  0 New York Stock Exchange

The New York Stock Exchange suspended trading in 216 companies Monday as a server upgrade hit order delivery in the effected stocks.

The bungled upgrade scrambled the Exchange's order matching engines, leading to a day of confusion for traders who received contradictory alerts about the status of their orders.

The problems kicked off at the start of trading after Nyse moved the stock symbols to new servers as part of a phased migration to a new universal trading platform.

Trading in the stocks continued on other exchanges as Nyse investigated the problems. By day's end the Exchange told traders that all open orders in the stocks had been cancelled. A list of consolidated closing prices based on trading elsewhere was distributed by Nyse via e-mail and on its Web site.

The problem is the latest in a series of mishaps to have hit US exchanges since the May 2008 flash crash, which highlighted the complexities of trading in global electronic markets.

Nyse says that it expects trading to resume normally Tuesday.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SEC fines Nyse $5m for market data distribution failures

SEC fines Nyse $5m for market data distribution failures

14 September 2012  |  5422 views  |  0 comments
Japanese watchdog slams TSE over trading outage

Japanese watchdog slams TSE over trading outage

24 August 2012  |  5407 views  |  0 comments
TSE and BSE trading hit by systems glitches

TSE and BSE trading hit by systems glitches

07 August 2012  |  5566 views  |  0 comments
Tokyo Stock Exchange chief takes pay hit over trading glitch

Tokyo Stock Exchange chief takes pay hit over trading glitch

17 February 2012  |  5533 views  |  0 comments
SIX Swiss Exchange glitch delays trading

SIX Swiss Exchange glitch delays trading

13 January 2012  |  4802 views  |  0 comments
ASX trading hit by glitch as Chi-X waits in wings

ASX trading hit by glitch as Chi-X waits in wings

27 October 2011  |  6263 views  |  1 comments
Glitches delay Nyse Euronext trading for second day

Glitches delay Nyse Euronext trading for second day

21 June 2011  |  6590 views  |  0 comments
LSE stutters as tech glitch hits trading

LSE stutters as tech glitch hits trading

25 February 2011  |  13212 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.vasco.comvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12242 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10765 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10113 views 0 | 6 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10005 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9900 views comments | 21 tweets | 34 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job