Critical NYSE Technical Issue Causes Suspension of Trading in 199 Symbols
Posted: Tue May 17, 2016 3:57 pm
The New York Stock Exchange (NYSE) has suspended trading in 200 stocks after a technical issue earlier in the day has prompted the firm to reroute some trading to alternative locations. Minutes after the company declared the issue as resolved, the difficulties have reappeared causing the suspension of trading.
Competing U.S. exchanges BATS and Nasdaq have both declared self-help against the NYSE due to a series of technical errors that have prompted the close of all open orders in the stocks that were mentioned by the exchange as problematic.
The activation of the self-help protocol can allow the the bypassing of ... (read more)