New York Stock Exchange Recently Experienced Technical Glitch Causing it to Halt Trading for Over 3 Hours!
It appears that it was not only the United Airlines that had technical issues impacting the smooth operation of their business in recent times, (click here if you missed it), as it was also reported that on the same day, the New York Stock Exchange (NYSE) also experienced a similar technical glitch.
On Wednesday morning, the NYSE put out an alert about “a reported issue with a gateway connection” affecting certain symbols. Less than two hours after the incident, it was reported that the problem had been resolved, NBC News reported.
In an interview with CNBC, the director of floor operations at the NYSE, Art Cashin said: “It’s been a little bit of a bumpy day. We had some technical problems even before the opening”. It was reported that the NYSE has had only seven of such closures since of its predecessor exchange in 1817.
The glitch caused communication problems between one of NYSE trading units and its customers as they began connecting to the exchange on Wednesday morning. This led to nearly four-hours trading halt, NBC news reported.
Two U.S. officials told NBC News there was no indication the NYSE shutdown was related to the computer issue that temporarily grounded all United Airlines flights on Wednesday morning. They also said there was no indication of a cyber-attack.
In recent reports, it was revealed that the technical issues were a result of new software rolled out the day before the incident.
Photo Credit: theGuardian