- Title: NYSE-TRADING/ANALYST NYSE temporarily suspends trading due to technical glitch
- Date: 8th July 2015
- Summary: PHILADELPHIA, PENNSYLVANIA, UNITED STATES (JULY 8, 2015) (REUTERS) (SOUNDBITE) (English) JIM DUNIGAN, INVESTMENT DIRECTOR AT PNC, SAYING: "Obviously, the news is they had a technical glitch and they decided to shut down trading. The reports that I've seen, it's not connected in any way to any cyber attacks. So the interesting thing is the New York Stock Exchange is not the
- Embargoed: 23rd July 2015 13:00
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- Topics: General
- Reuters ID: LVAA7WTSV2Y6M3XT9AVVIIWC2ZLT
- Aspect Ratio: 16:9
- Story Text: The NYSE Group, which includes the New York Stock Exchange, has suspended trading in all securities due to technical difficulties, the unit of Intercontinental Exchange Inc said on Wednesday (July 8).
"We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market reopen," a spokeswoman for the exchange operator said in a statement.
The stocks continue to trade on other exchanges, such as those run by Nasdaq OMX Group and BATS Global Markets.
Jim Dunigan, Investment Director at PNC, said the trading suspension at the NYSE has not had a major impact on overall trading.
"Obviously, the news is they had a technical glitch and they decided to shut down trading. The reports that I've seen, it's not connected in any way to any cyber attacks. So the interesting thing is the New York Stock Exchange is not the hub of activity that it was maybe 10, 12 years ago. It represents less than a quarter percent of the daily trading volumes. So business is getting done through the other exchanges. There's 11 other exchanges, a number of other private venues. So trading activity is getting done. So little impact on the market as far as an ability to execute trades and I think market levels reflect that."
The issues at NYSE came on the same day that computer problems led United Airlines to ground all its flights for about two hours and the Wall St Journal's website experienced errors.
The U.S. Department of Homeland Security said there were no signs" that the problems at NYSE and United Airlines stemmed from "malicious activity," CNN reported.
The New York Stock Exchange accounted for about 13.4 percent of all equities volume last month and 12.5 percent Tuesday according to BATS Global Markets data. - Copyright Holder: REUTERS
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