Trading at the NYSE Euronext’s NYSE MKT exchange was halted briefly today. What is important here is not that the trading halt barely last two minutes, but that more than 400 symbols were temporarily unavailable for trading. This is not a miniature flash crash but an unavailable crash for electronic traders.
Trading issues come up from time to time and they will likely only keep coming up in the future. No matter how much effort the exchanges take, there is just a myriad of things that can wrong with electronic trading systems. Most technology workers know by now that what can go wrong will go wrong. The trick is to keep the instances of failure to a minimum.
The NYSE MKT trading unit said, “The NYSE MKT cash equities market resolved an issue that occurred between 13:15:22 and 13:17:23. Order processing and trade execution in the NYSE MKT’s 446 symbols were temporarily unavailable. All NYSE MKT trading systems are functioning normally.”
The reality is that this is not one of those instances where the nuisance likely resulted in catastrophic financial failure because there was not much happening in the market at the time. Still, investors remain on shaky ground and trusting financial markets is still very toughy for many investors.
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.