06.03.2024
NYSE Equities – Technical Issue
- MARKET
- NYSE
- SERVICE
- TRADING
The following is the CTA SIP-provided list of symbols, which had LULD halts between 9:30 AM and 10:27 AM during this morning’s issue. We are currently evaluating which LULD halts were erroneous (i.e., caused by erroneous bands published by the CTA SIP) versus correct halts resulting from correct price bands. Halts determined to have been caused by erroneous bands will be considered for potential busts.
Previous updates
NYSE Equities – Technical Issue Resolved
All impacted stocks have reopened. All systems are currently operational.
- MARKET
- NYSE
- SERVICE
- TRADING
A technical issue with industry-wide price bands published by the CTA SIP triggered halts in a number of stocks listed on the NYSE Group exchanges this morning. Impacted stocks have since reopened (or are in the process of reopening) and the price bands issue has been resolved.
Previous updates
NYSE Equities – Technical Issue
NYSE Equities continues to investigate a reported technical issue regarding LULD Bands.
Additional information will follow as soon as possible.
NYSE Equities – Technical Issue
NYSE Equities is currently investigating a reported technical issue. Additional information will follow as soon as possible.
Source: NYSE
This explanation by @NYSE and CTA doesn't add up. Even if the LULD bands were calculated incorrectly, it doesn't make sense how the trades could have happened without sweeping other orders first. https://t.co/DYHGgZYPiN pic.twitter.com/0w7hGBO2Ma
— Joe Saluzzi (@JoeSaluzzi) June 3, 2024
How do you ex-post bust an #LULD halt? @ltabb @JimToes26 @TripleDTrader @daveweisberger1 @dlauer @aosipovich @JoeSaluzzi @JoeRBLT @SEC_tradingmkts pic.twitter.com/ADNAjlFtMV
— James J. Angel (@GuFinProf) June 3, 2024
Look at this.
The stock market is broken.
Numerous multi-billion dollar companies are down 99%, in seconds including Warren Buffett's Berkshire Hathaway, $BRK.A, Bank of Montreal, $BMO, and $GOLD.
The New York Stock Exchange has said it is investigating. pic.twitter.com/aiv05xr5dT
— unusual_whales (@unusual_whales) June 3, 2024
JUST IN: Multiple NYSE stocks have now been halted on volatility due to a technical issue.
Berkshire Hathaway stock, $BRK.A, is currently down 99.97%.
Did Gamestop, $GME, just break the market? pic.twitter.com/aHhZcokoBU
— The Kobeissi Letter (@KobeissiLetter) June 3, 2024
Why does the market always "break" when GameStop, $GME, rises?
1. January 28, 2021: Brokers halt buy orders on $GME after meme stock rally begins
2. May 14, 2024: $GME and $AMC halted a total of 38 times in one day as rally accelerates
3. June 2, 2024: Robinhood suspends…
— The Kobeissi Letter (@KobeissiLetter) June 3, 2024
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Shanny Basar
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