An NYSE official gestures after the resumption of trading following a several hour long stoppage on the floor of the New York Stock Exchange, July 8, 2015.
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Then, in April 2013, trading in options in Chicago was halted due to an outage caused by software problems.
Investors had been selling before the halt on worries over steep drops in China stocks and the possibility that Greece won’t be able to strike a deal with its creditors.
The Dow Jones Industrial Average finished down 261.49 points, or 1.47 percent, to 17,515.42. The FTSE 100 index of leading British shares was 1.4 percent higher.
NEW YORK – The Wednesday afternoon outage at the New York Stock Exchange was caused by a software update. Mostowfi lauded the NYSE’s decision to shut trading down when they realized they had a technical problem. And so is the retail trader most likely – his trades probably aren’t executed on the NYSE, but at one of the alternative exchanges.
The outage was a “non-issue for most low-frequency traders” who could shift trades to other exchanges, Themis said.
“All the rest are on other exchanges”.
US Homeland Security Secretary Jeh Johnson said the issues reported by United and the NYSE were apparently not related to “nefarious” activity.
The exchange handled 6.12 percent of U.S. stock volume for the day, with much of that coming after the exchange reopened, according to BATS Global Markets statistics.
“As customers began connecting after 7am on Wednesday, there were communication issues between customer gateways and the trading unit with the new release”.
Just before the market opened at 9:30 a.m., connections between the NYSE and traders’ computers were updated. The market was back up at 3:10 p.m. and closed at the usual 4 p.m. time. Angel sat on the board of exchange company Direct Edge before it was acquired by a larger rival past year.
That’s when the exchange halted trading.
While computer problems forced United Airlines to ground its flights for two hours, leading financial daily Wall Street Journal’s website also went down temporarily.
The S&P 500 and the Nasdaq advanced about 0.25% a piece.
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The exchange says in a statement that it is experiencing a “technical issue” that it is working to resolve as quickly as possible. “There’s no shortage of other places that are open and trading at this point”.
