NYSE suspends trade after technical failure

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New York: Citing a technical failure, The New York Stock Exchange (NYSE) is reported to have suspended trading. It was thought of as an activity of hacking. But later the glitch was confirmed by the NYSE.It said it would give more details as soon as possible. All open orders will be cancelled, Reuters said.

The Nasdaq index reported no technical issues and said it continues to trade NYSE-listed stocks.The Wall Street Journal website and United Airlines also reported technical problems, although US authorities said the issues appear unrelated. “We’re currently experiencing a technical issue that we’re working to resolve as quickly as possible,” a NYSE spokeswoman said in a statement.

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“We will be providing further updates as soon as we can, and are doing our utmost to produce a swift resolution, communicate thoroughly and transparently, and ensure a timely and orderly market re-open.”One trader on the NYSE floor, Mark Otto, of J Streicher & Co, told Reuters: “It’s under control. We’re just waiting for word. There’s no sign of panic at all. However, the stock exchange was brought back to normal condition after a span of 3 hours.

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