Posted on 04/25/2013 8:26:43 AM PDT by RummyChick
The start of trading on the Chicago Board Options Exchange CBOE +0.52% was delayed Thursday due to system problems, according to the exchange.
The biggest U.S. options exchange by volume said in a system alert that some of its customers were having problems “downloading” information from CBOE early Thursday, and at least one other exchange stopped sending business to the CBOE during the outage.
CBOE intially planned to reopen at 10:15 a.m. ET and then again at 10:20 a.m., but later delayed trading with no estimate as to when the exchange might get up and running, according to notices sent to traders.
The delayed opening affected both floor and electronic trading. It postponed business in options on key market indexes including the CBOE Volatility Index, known as the VIX, and options on the Standard & Poor’s 500-stock index, both of which are traded solely at the Chicago-based exchange.
(Excerpt) Read more at blogs.wsj.com ...
CBOE STILL DOWN almost two hours into trading
More dry runs?
the big wigs are in Vegas
http://online.wsj.com/article/SB10001424127887324474004578444743653301704.html
The is costing people big bucks..like the flash crash the other day due to the hacked AP twitter account.
Whose position is protected or advanced by this. I don't believe these glitches.
A lot of peons are stuck. Like me. I have SPX calls and I can’t get out with my huge profit.
The only question is, what kind of dry runs. I’m convinced that the multiple instances of systemwide outages and balances suddenly becoming zero at some of the TBTF banks two weeks ago, immediately after the Cyprus disaster, were tests of “Initiate Bank Holiday” software that inadvertently were tested on the real accounts.
This IMO is more of the same — somebody’s testing scenarios for halting all access to your finances.
Curious, do you day trade, spread, or long term trade? I day trade the SPYs, I like the penny ticks v. the nickel ticks for S&P. Also luckily they’re trading today, they must be on the PSE, I thought they were CBOE.
I’m convinced they’re done with dry runs. One day, I fear soon, it’s just going to stop. No warning. No run up to anything. It’ll just shut down. Like a car running out of gas.
Ha, he does NOT want to hear about medical device software testing -- or even what has made it into production.
I have had that conversation with the people I deal with, profit sharing, IRA account, investment account and I have a plan. They were floored when I said I want to be able to send it here and I don’t care about the fees and costs that occur. I suggest to all to have this conversation and have a plan. When it is time to move it they won’t be able to answer the phone.
I’m pretty sure that alleged Schwab “hack” has not happened.
You might be ok for a couple of hours looking at the market action so hopefully they’ll get it going by then.
Oops, Schwab had a DDOS attack yd and day before but not today: http://in.reuters.com/article/2013/04/24/charlesschwab-cyberattack-idINDEE93N0CS20130424
it’s going to be chaotic. Apparently the issue is with spread trading. When CBOE said they would open single trades traders balked at that....and so they didn’t open it.
Now the mounting hours going by..they are back to talking about opening for single trades
took CNBC hours to find out CBOE was halted.
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