The New York Stock Exchange (NYSE) has halted all trading due to a technical glitch.
“We’re experiencing a technical issue that we’re working to resolve as quickly as possible,” the stock market said in a statement. “Additional information will follow as soon as possible.”
UPDATE (07/08/2015 5PM EST): Trading resumed after just over 3 hours of being halted. Both the NYSE and the White House reiterated that the issue was an internal technical issue.
“I can’t say with precision exactly what drove it,” NYSE President Thomas Farley told CNBC. “We found what was wrong and we fixed what was wrong and we have no evidence whatsoever to suspect that it was external.”
“There is no indication that there are malicious actors involved,” White House Press Secretary Josh Earnest said, adding that the White House is monitoring the situation.
ORIGINAL STORY:
After discovering the glitch that resulted in traders not receiving confirmation of orders they had made for over 200 different stocks, the NYSE halted trading in all shares at 11:32 am ET. Other exchanges like the TSX (Toronto Stock Exchange) and NASDAQ have continued trading and are unaffected by the glitch that has halted the NYSE.
The NYSE was quick to point out that the issue was technically related and not a result of a cyberattack.
(1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.
— NYSE (@NYSE) July 8, 2015
(2 of 3) We chose to suspend trading on NYSE to avoid problems arising from our technical issue.
— NYSE (@NYSE) July 8, 2015
(3 of 3) NYSE-listed securities continue to trade unaffected on other market centers. — NYSE (@NYSE) July 8, 2015
We’ll keep you posted as further details develop or once trading at the New Yorks Stock Exchange resumes.
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Last Updated on November 27, 2018.
