antonborisov: (pic#810741)

..о том же самом

Updated, 9:39 p.m. | The United States stock market showed again on Thursday that it remained vulnerable to technological breakdowns even as regulators and market operators work to keep up with trading that is increasingly electronic and driven by speed.

The latest trouble shut down trading on the Nasdaq market and its more than 3,000 stocks — including some of the most popular among investors, like Apple and Google — for more than three hours Thursday afternoon.

The disruption on the nation’s second-largest stock market, after the New York Stock Exchange, reverberated up and down Wall Street, affecting other markets as investors cautiously stepped back. Brokers scrambling to trade elsewhere discovered that they could not complete trades while in the dark about prices on Nasdaq.

“It is everybody — nobody can trade,” Manoj Narang, the chief executive of Tradeworx, said during the afternoon. “I’ve never seen anything like this.”

Some expressed relief that the problems came in August, typically a slow time for Wall Street.

“We didn’t lose any money on the shutdown, but we also made very little money today,” said the chief executive of one Wall Street firm, who asked not to be named.

Nasdaq officials said the halt was prompted by a problem with the data system that disseminates prices and that its cause had been “identified and addressed.”

The breakdown came just two days after Goldman Sachs accidentally sent out a barrage of errant trades that disrupted the exchanges where options are bought and sold. The two episodes have amplified questions about the reliability and integrity of financial markets that companies depend on to raise money and Americans trust with their retirement savings.

More than a year ago, the eagerly awaited market debut of Facebook shares was marred by a delay and technical problems. In May 2010, computer malfunctions were blamed for the “flash crash” when a flurry of stocks plunged to $1 or less and the Dow Jones industrial average plummeted more than 700 points in a matter of minutes.

Полностью.

Впервые во всем винят Интернет.



Запись оттранслирована из моего журнала
Комментировать можно здесь или по ссылке
http://www.a-borisov.com/2013/08/24/eshhe-nemnogo-3/

antonborisov: (pic#810741)

Точнее, остановился

Сегодня. Новость дня, вообще-то.

NEW YORK, Aug 23 (Reuters) – Thirty minutes into the crippling outage that hobbled the Nasdaq stock market on Thursday afternoon, stopping all trading in $5.9 trillion worth of U.S. equities, exchange officials had the problem fixed.

It was another two-and-a-half hours, however, before they were ready to flip the switch and turn the all-electronic market back on.

Most of the 191 minutes that the exchange was dark was spent in sometimes frantic conversation with scores of banks, brokers, investment companies and rival exchanges who wanted Nasdaq’s assurance that a restoration of trading would be orderly and would not lead to panic.

“We had to make sure all the exchanges were connected to us successfully and if the firms on the outside could get in,” said one Nasdaq official who spoke on condition of anonymity.

Meanwhile, banks’ trading desks were cautioning Nasdaq, operated by Nasdaq OMX Group Inc, not to rush to reopen, fearing that a restart full of technical errors would only sap more confidence from rattled markets, according to three sources at brokerages and banks who declined to be identified.

In the end, the reopening of trading did go relatively well.

Transactions first restarted at 3 p.m. EDT (1900 GMT) in a single microcap stock, Atlantic American Corp, a test case picked for its front-of-the-alphabet ticker. Twenty-five minutes later, the rest of the market opened, and, according to a Nasdaq statement, “The trading day finished in normal course.”

Полностью.



Запись оттранслирована из моего журнала
Комментировать можно здесь или по ссылке
http://www.a-borisov.com/2013/08/24/obrushilsya-nasdaq/

Profile

antonborisov: (Default)
antonborisov

May 2020

S M T W T F S
     12
3456789
10 111213141516
17181920212223
24252627282930
31      

Syndicate

RSS Atom

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Jul. 6th, 2025 11:44 pm
Powered by Dreamwidth Studios