Nyse, Amex hit by network glitches

Nyse, Amex hit by network glitches

Both the New York Stock Exchange (Nyse) and American Stock Exchange (Amex) were forced to suspend trading four minutes early on Wednesday due to a "network problem".

Trading was halted four minutes before the exchanges' usual 4pm closing, one of the busiest times of the day.

A spokesperson from Amex told Reuters reporters that the exchange had a network problem but will be be back trading normally on Thursday.

Citing a trading floor source, Reuters says the problem originated at the Securities Industry Automation Corporation (SIAC), a technology centre co-owned by Nyse and Amex which runs the computer systems and communications networks that power the two exchanges and disseminates market data.

The Nyse issued a brief statement following the incident saying trade stopped at 3:56 pm (ET) due to a "communication problem" and that trading did not resume and all crossing sessions were cancelled. Nyse also cancelled its after hours trading and said trading will open Thursday morning.

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