16 August 2017
visit www.avoka.com

Nyse trading halted for hours by technical problems

08 July 2015  |  4290 views  |  0 stock quotes

The New York Stock Exchange was forced to halt trading on all stocks for more than three hours on Wednesday because of a technical glitch. President Obama has been briefed but there is no sign of the problem being down to a cyber attack.

The exchange began accepting orders and resumed trading on its two equity platforms just after 3:00pm EST, around three and half hours after they were suspended. the closing auctions will go ahead as normal.

At 11:04 the exchange had posted a notice saying that it was investigating a "reported technical issue". Half an hour later the Intercontinental Exchange-owned outfit confirmed that it had "temporarily suspended trading in all symbols. All open orders will be cancelled."

On Twitter it added:


No furthe details on the cause of the problem have been provided, although Bloomberg is reporting the likely culprit as a software update that went awry.

Nyse Arca and Nyse Amex/Arca options were unaffected. Meanwhile, other exchanges, including Nasdaq say that they are trading as normal.

President Obama has been briefed, with White House press secretary Josh Earnest saying that there is "no indication that there are malicious actors involved".

Meanwhile, Securities and Exchange Commission chair Mary Jo White said in a statement: "we are in contact with the Nyse and are closely monitoring the situation."

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

Nyse debuts bitcoin index

Nyse debuts bitcoin index

19 May 2015  |  5877 views  |  2 comments | 13 tweets | 10 linkedin
ICE to ditch Nyse Technologies; spin off Euronext

ICE to ditch Nyse Technologies; spin off Euronext

20 November 2013  |  7264 views  |  0 comments | 6 tweets | 1 linkedin
Nasdaq blames human error for latest outage

Nasdaq blames human error for latest outage

30 October 2013  |  4890 views  |  0 comments | 4 tweets | 3 linkedin
Nyse Technologies bosses to leave - FT

Nyse Technologies bosses to leave - FT

28 October 2013  |  6284 views  |  0 comments | 3 tweets | 2 linkedin
Nyse blames server upgrade for stock trading suspension

Nyse blames server upgrade for stock trading suspension

13 November 2012  |  5303 views  |  0 comments | 3 tweets | 1 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10911 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
9990 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9371 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9066 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8207 views comments | 6 tweets | 21 linkedin