Posted on 05/18/2016 9:09:07 AM PDT by BenLurkin
Both the Nasdaq and BATS stock exchanges had declared self-help against the NYSE amid the multiple technical issues that closed all open orders on the symbols. A self-help exception allows trading centers to bypass an automated trading center that is experiencing system problems, according to the SEC.
NYSE believes the stocks affected are traded by Citadel KCG at Post 5, said NYSE spokesperson Kristen Cause. The area of the trading floor was roped off as the issue was addressed.
Cause told CNBC that she believes the issue is linked to the NYSE's own system but it will continue to look for the root cause.
(Excerpt) Read more at cnbc.com ...
Time to bring back the open outcry system of floor trading!
Newer is not necessarily better...
Setting up for a false flag operation.
Citadel KCG specializes in high-speed trading. It is being investigated by the DOJ.
Trading apparently continues on other exchanges. I am able to get quotes, and see recent transactions.
I don’t really understand what this article is about. Any light you guys could shed on it would be appreciated.
Miss Lo-Lo have to make a boat payment?
A technical malfunction at the New York Stock Exchange on Wednesday resulted in the suspension of trading of about 200 securities, a NYSE spokeswoman confirmed to MarketWatch. The glitch occurred soon after the start of trading at 9:30 a.m. E.T. and the NYSE is working to resolve the issue, the spokeswoman said. The malfunction is affecting just about 4% of NYSE-listed securities. Stocks that were suspended on the Big Board are being rerouted to other exchange venues, including NYSE Arca, an NYSE-run trading platform. Fortress Investment Group FIG, +1.23% Agree Realty Corp. ADC, -0.38% Graco Inc. GGG, -0.33% OneMain Holdings Inc. OMF, +2.14% Townsquare Media Inc. TSQ, -1.15% and BlackRock Resources & Commodities Strategies Trust BCX, -0.80% are among the securities suspended on the NYSE. The NYSE spokeswoman said orders related to those impacted securities have been cancelled. The NYSE Group is a unit of Intercontinental Exchange Inc. ICE, +0.55% It isn’t exactly clear when the technical snafu will be fixed.
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