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 NYSE, United Airlines, WSJ 7.08 
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Joined: Mon Apr 11, 2011 6:55 pm
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Post NYSE, United Airlines, WSJ 7.08
Just after 8 a.m. ET on Wednesday morning, the NYSE put out an alert about "a reported issue with a gateway connection" affecting certain symbols. It issued a notice at 10:37 a.m. ET that the problem was resolved.

"We opened the market as usual. All the NYSE-listed stocks opened without incident. Around mid-morning, we started to see some concerns about the way trading was occurring. Customers weren't getting all of the messages back that you otherwise expect," Farley said.

NYSE floor trading volume was 444 million on Wednesday, about half of the 30-day average of 861 million. Still, trading on the NYSE floor makes up only about a quarter of consolidated tape volume, or trading of all NYSE securities on all platforms, based on a recent 30-day average.

"This will not cause a move in any particular direction, so I would kind of wait it out and see what happens," said Art Cashin, UBS director of floor operations at the NYSE, in a CNBC interview.

Read More › Cramer on NYSE halt—We were warned this was coming


Retail investors were largely unaffected by the outage, said JJ Kinahan, chief strategist at TD Ameritrade.

"This is going to make it more difficult to say the floor traders are important when there's a technical problem. Because the technical problems take out the floor traders, too," said Richard Repetto, an analyst with Sandler O'Neill & Partners.

Officials widely denied any link to a cyberattack.

The FBI said in a statement it would "monitor the situation" but "no further law enforcement action is needed at this time." Securities and Exchange Commission Chair Mary Jo White in a statement said "we are in contact with the NYSE and are closely monitoring the situation."

Homeland Security Secretary Jeh Johnson noted the glitch that caused the trading halt and an earlier computer problem that grounded United Airlines flights appeared unrelated.

http://arstechnica.com/security/2015/07 ... le-nerves/


Just after 8 a.m. ET on Wednesday morning, the NYSE put out an alert about "a reported issue with a gateway connection" affecting certain symbols. It issued a notice at 10:37 a.m. ET that the problem was resolved.

"We opened the market as usual. All the NYSE-listed stocks opened without incident. Around mid-morning, we started to see some concerns about the way trading was occurring. Customers weren't getting all of the messages back that you otherwise expect," Farley said.

NYSE floor trading volume was 444 million on Wednesday, about half of the 30-day average of 861 million. Still, trading on the NYSE floor makes up only about a quarter of consolidated tape volume, or trading of all NYSE securities on all platforms, based on a recent 30-day average.

"This will not cause a move in any particular direction, so I would kind of wait it out and see what happens," said Art Cashin, UBS director of floor operations at the NYSE, in a CNBC interview.

Read More › Cramer on NYSE halt—We were warned this was coming


Retail investors were largely unaffected by the outage, said JJ Kinahan, chief strategist at TD Ameritrade.

"This is going to make it more difficult to say the floor traders are important when there's a technical problem. Because the technical problems take out the floor traders, too," said Richard Repetto, an analyst with Sandler O'Neill & Partners.

Officials widely denied any link to a cyberattack.

The FBI said in a statement it would "monitor the situation" but "no further law enforcement action is needed at this time." Securities and Exchange Commission Chair Mary Jo White in a statement said "we are in contact with the NYSE and are closely monitoring the situation."

Homeland Security Secretary Jeh Johnson noted the glitch that caused the trading halt and an earlier computer problem that grounded United Airlines flights appeared unrelated. http://www.cnbc.com/id/


If all three are not on the same server, what are the probability of all three failing service at once. This is why they teach statistics in college.

Wouldn't a purposeful failure make it look like faulty software and glitches?


Thu Jul 09, 2015 6:18 am
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