The NYSE resumes trading after technical failure; rejects reports of cyber attack
July 09, 2015 (LBO) – The New York Stock Exchange resumed its trading activities after the exchange facing a major technical failure that suspended trading on Wednesday afternoon.“The issue we are experiencing is an internal technical issue and is not the result of a cyber breach,” the NYSE said in a statement.“We chose to suspend trading on NYSE to avoid problems arising from our technical issue,”
“NYSE-listed securities continue to trade unaffected on other market centers.” the statement further said.
After four hours of trading halt the exchange resumed trading on NYSE and NYSE MKT, the New York Stock Exchange said.
The way things are going in global stockmarkets this would have been a blessing in disguise.Consider China, Main maket has plunged 30% since12th june,total value loss around 3.5 trollian inUSD terms(the size of entire stock market value of say France).
In order to prop up markets 72 % of all shares remain frozen (suspendedfor sale)interest rates are reduced,sale of large stakes are discuraged,brokering houses spend billions in stock buying, govt entities are ordered to p execute buyorders, ect.ect.