05.18.2016
By John D'Antona

NYSE Technical Glitch Resolved

Trading on the New York Stock Exchange is back to normal after the exchange experienced two technical glitches earlier today.

According to a press release from NYSE, the technical issue in one of the bourse’s trading units, which affected a subset of symbols listed on its Market Status website has been resolved. All open orders, including MOC and LOC orders, were originally cancelled.

“Trading has resumed in those symbols at 1:17 pm ET and all systems are now operating normally,” NYSE said in a statement. Furthermore, to participate in the closing auction, MOC and LOC orders in the impacted symbols will need to be re-submitted.

The glitch, according to a NYSE spokeswoman, the initial glitch occurred around 9:45 am, 15 minutes after the market open, and halted trading in 199 select stocks. Trading in the affected symbols did continue on the NYSE Arca venue.

“The glitch affected less than 4% of all securities traded on NYSE,” a spokeswoman told Markets Media.

As a result of the technical issue, CNBC reported both the Nasdaq and Bats stock exchanges had declared self-help against the NYSE amid multiple technical issues that closed all open orders on the stocks.

Self-help occurs when an exchange experiences an issue where it cannot process trades on its own – necessitating these orders be send to other public exchanges.

More on Exchanges:

Featured image by Abhisit Vejjajiva/Flickr

Related articles

  1. Capitolis sees the network effect as key to increasing capital efficiency across asset classes. 

  2. Daily Email Feature

    CEO Chat: Cathie Wood, ARK Invest

    DeFi and digital wallets are among disruptive technologies in the capital markets industry.

  3. FX Market Evolves Swiftly

    With great scale comes great complexity, Euronext exec notes.

  4. Daily Email Feature

    Instinet Book Tells 50-Year Story

    'Fintech at Fifty' isn’t your typical coffee table read.

  5. Disruption: Beyond Technology

    Broadway Technology CEO says disruption in FICC trading isn't coming -- it's here.