The New York Stock Exchange halted all trades earlier today, Wednesday, July 8, because of a mysterious computer glitch. The NYSE explains that the issue is a technical one that has stopped all trading but are assuring everyone that it is not because of a cyber-breach.
Trades suspended around 11:30 a.m. this morning, with the exchange releasing the following statement: "NYSE/NYSE MKT has temporarily suspended trading in all symbols. Additional information will follow as soon as possible."
Per a report from CNBC, all orders left open – both market and limit – have been cancelled because of the situation.
Take a look at a brief rundown from the New York Stock Exchange's official Twitter page:
(1 of 2) We’re experiencing a technical issue that we’re working to resolve as quickly as possible.
— NYSE (@NYSE) July 8, 2015
(2 of 2) We're doing our utmost to produce a swift resolution & will be providing further updates as soon as we can. — NYSE (@NYSE) July 8, 2015
(1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber breach. — NYSE (@NYSE) July 8, 2015
(2 of 3) We chose to suspend trading on NYSE to avoid problems arising from our technical issue. — NYSE (@NYSE) July 8, 2015
(3 of 3) NYSE-listed securities continue to trade unaffected on other market centers. — NYSE (@NYSE) July 8, 2015
Before the market opened this morning, there was a reported "gateway connection" issue which was affecting a number of symbols from being traded, but it was supposedly resolved around 10:37 a.m.
According to the UBS director of floor operations at the exchange, Art Cashin, "It's been a little bit of a bumpy day. We had some technical problems even before the opening."
Check out a video report of the issue below:
© 2024 Mstars News, All rights reserved. Do not reproduce without permission.