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NYSE Resumes Trading on Two Markets After Hours-Long Halt

July 8, 2015

I am mostly posting this article to see what everyone thinks of the NYSE closer today and focus our comments to this posting.

This article is from Bloomberg and can be found here by clicking here.

The New York Stock Exchange began reopening its two equity venues that were shut down for hours today by a computer malfunction.

Shares started trading on the New York Stock Exchange, the biggest of the company’s platforms, and NYSE MKT, the third-largest, after 3 p.m. New York time, data compiled by Bloomberg showed. Because shares have been trading elsewhere, the NYSE was able to avoid having to reestablish its own prices through auctions.

“It’s not a big event, it’s a matter of flipping the switch and hoping the circuit doesn’t blow,” Thomas Caldwell, chairman of Caldwell Securities Ltd. in Toronto, said by phone. “Orders will be re-entered there and the book will build up.”

NYSE’s halt will go down as the biggest interruption to U.S. stock trading in two years. The last of comparable scope occurred in August 2013, when the Nasdaq Stock Market halted trading not only on its own platform, but anywhere stocks that it listed changed hands.

At the same time, the malfunction highlighted the resilience of a market structure where no single venue handles more than 16 percent of overall market volume. Other exchanges such as Nasdaq and Bats kept operating as normal throughout the suspension.

Nasdaq and the NYSE play dual roles in the U.S. market, acting as exchanges where investors buy and sell shares and also in an administrative and listing capacity overseeing the three official price feeds for American stocks. Those feeds, known as Tapes A, B and C, continued to operate today.

Discussion
10 Comments
    Jul 08, 2015 08:35 PM

    THE MOUSE DID IT.

      Jul 08, 2015 08:37 PM

      Nope. Rich Uncle Pennybags did it

        Jul 08, 2015 08:46 PM

        chris..is he any relation to Miss Moneypenny from the bond movies ?

          Jul 08, 2015 08:00 PM

          Nope. It’s the old geezer from the Monopoly board game. That being said, why couldn’t Bond take out Miss Moneypenny on a nice little date?

            Jul 08, 2015 08:15 PM

            Excellent question chris.

            Jul 08, 2015 08:19 PM

            he could have taken her gambling to the craps table as his lady luck…..

      Jul 08, 2015 08:16 PM

      You nailed it Irish with the naughty mouse that chewed through the wires….. 🙂

        Jul 08, 2015 08:24 PM

        Shad…It was the same mouse that framed Roger Rabbit…..
        Man i really should take my meds….

          Jul 08, 2015 08:16 PM

          the mouse is actually the Wizard of Oz…….and works for the banking cabal

    Jul 08, 2015 08:09 PM

    Have you ever seen a “glitch” when the market is up?
    They canceled all the orders … hum …
    China is down and crashing …
    Maybe tonight China may not trade at all :).

    Well I don’t know but something smell fishy !