12.19.2016

NYSE Suffers Trading Glitch

12.19.2016

The NYSE Arca exchange had a rough start to Monday-morning trading as a technical issue halted trading at 10:50 am due to some firms receiving unsolicited order cancellations.

The exchange had the market back up and trading by 11:06 am, according to a market status update.

The incident, as reported by CNBC, was due to a software update.

In an earlier update, the exchange operator stated that it was investigating an issue where some firms may have been receiving unsolicited cancels to their orders.

Before trading opened on the market, NYSE announced that there was a technical issue under investigation at 9:08 am.

At 9:23 am, the exchange said that it had resolved the earlier issue.

Related articles

  1. Game theory provides a new perspective on trading that could transcend existing paradigms. 

  2. Tradeweb’s credit trading solutions and data will be integrated into BlackRock’s Aladdin.

  3. Assessing Bond Liquidity
    Daily Email Feature

    Low Touch, High Liquidity

    Janus Henderson traders use a broad spectrum of electronic tools to optimize the search for liquidity.

  4. Easy Money Tamps Down Volatility

    Increased volatility drives the buy side to take a closer look at how they are trading.

  5. Flow to electronic trading platforms increased during the first half of 2022.