New York Stock Exchange Failure

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lotus503

lotus503

Diamond Member
Feb 12, 2005
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piasabird

Lifer
Feb 6, 2002
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They are also saying the real problem is not Greece. They say the real problem is the market in China is failing big time. All the industries depending on China like Transportation, air travel, etc., is taking a hit both in Europe and here in the USA. A lot of these company are large international companies and it is spreading the pain across the globe.

So is the banking system in China collapsing?
 
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Subyman

Subyman

Moderator <br> VC&G Forum
Mar 18, 2005
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All trades were not cancelled. They are still trading on other markets.
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
16,986
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We had issues earlier in the day trading on about 200 companies. They fixed it but the glitch returned so they shut it all down. Open orders were cancelled and we are still trading on other exchanges.

Fun day.
 
Newell Steamer

Newell Steamer

Diamond Member
Jan 27, 2014
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Subyman said:
And you eat what they reap, so where's that put you?
Click to expand...

They are reaping losses, because they backed an unsustainable option.

How am I eating their loss?

EDIT: original comment was actually directed at the China market crash,.. which has nothing to do with this thread; posted in wrong thread.

ANOTHER EDIT: Or does it? Not sure. But, until there is proof that the Chinese were involved in this, I'll gladly take the title of raging moron.
 
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Hugo Drax

Hugo Drax

Diamond Member
Nov 20, 2011
5,647
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Word is Chinese compromised the NYSE SIP computers with some root kit. They had an IDS that detected traffic from the rootkits going to suspect outside networks and the entire system halted immediately.

Word is it was a very sophisticated attack.

NYSE Is unable to provide any timeline right now when the markets will reopen.

ALL OPEN Orders will be cancelled. They cannot trust any resting orders right now.
 
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PokerGuy

Lifer
Jul 2, 2005
13,650
201
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I find it interesting that the feds came out so quickly and said this isn't due to malfeasance or hacking. With so little info available I would think any options/causes at this point are still on the table no?
 
Newell Steamer

Newell Steamer

Diamond Member
Jan 27, 2014
6,894
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Hugo Drax said:
Word is Chinese compromised the NYSE SIP computers with some root kit. They had an IDS that detected traffic from the rootkits going to suspect outside networks and the entire system halted immediately.

Word is it was a very sophisticated attack.

NYSE Is unable to provide any timeline right now when the markets will reopen.

ALL OPEN Orders will be cancelled. They cannot trust any resting orders right now.
Click to expand...

If that is indeed the case, then this comment does apply to this thread; http://forums.anandtech.com/showpost.php?p=37543379&postcount=5
 
P

PokerGuy

Lifer
Jul 2, 2005
13,650
201
101
Hugo Drax said:
Word is Chinese compromised the NYSE SIP computers with some root kit. They had an IDS that detected traffic from the rootkits going to suspect outside networks and the entire system halted immediately.

Word is it was a very sophisticated attack.

NYSE Is unable to provide any timeline right now when the markets will reopen.

ALL OPEN Orders will be cancelled. They cannot trust any resting orders right now.
Click to expand...

Linky?
 
A

alcoholbob

Diamond Member
May 24, 2005
6,380
448
126
Newell Steamer said:
They are reaping losses, because they backed an unsustainable option.

How am I eating their loss?

EDIT: original comment was actually directed at the China market crash,.. which has nothing to do with this thread; posted in wrong thread.

ANOTHER EDIT: Or does it? Not sure. But, until there is proof that the Chinese were involved in this, I'll gladly take the title of raging moron.
Click to expand...

Do you live in the US. If the market crashes the fed comes to the rescue, papering over the mess using more of the toilet paper you use to buy food, so yeah what happens in the market should concern you.
 
HumblePie

HumblePie

Lifer
Oct 30, 2000
14,665
440
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So all trades stopped and all planes grounded today for technical glitches??? wow what a coincidence....
 
lotus503

lotus503

Diamond Member
Feb 12, 2005
6,502
1
76
HumblePie said:
So all trades stopped and all planes grounded today for technical glitches??? wow what a coincidence....
Click to expand...

to be fair its the NYSE and united airlines so its not all of anything.

I agree however its suspicious.
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
16,986
9,399
146
HumblePie said:
So all trades stopped and all planes grounded today for technical glitches??? wow what a coincidence....
Click to expand...

If you want to add the the conspiracy WSJ.com was down too. But we are trading as normal, just routing away from the NYSE. No disruption at all.
 
Newell Steamer

Newell Steamer

Diamond Member
Jan 27, 2014
6,894
8
0
MomentsofSanity said:
If you want to add the the conspiracy WSJ.com was down too. But we are trading as normal, just routing away from the NYSE. No disruption at all.
Click to expand...

07-minister.jpg

Everything is fine. We are trading. We are shaking. We are moving. I just did some coke off of a hooker's ass. We are OK.
 
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