"System Irregularities?", page 1
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ATS Members have flagged this thread 5 times
Topic started on 2-7-2009 @ 04:06 PM by burdman30ott6
www.marketwatch.com...
The New York Stock Exchange said it extended trading until 4.15 p.m. Eastern on Thursday due to system irregularities. The NYSE, which normally ends trading at 4 p.m. Eastern, said it would provide another 15 minutes "in order to settle customer transactions that were affected by systemic irregularities," according to Eric Ryan, a spokesman for the exchange.


While the overall market didn't exactly experience Earth shaking changes in the extra 15 minutes, I have to wonder exactly what this was all about and what kind of manipulation took place to either warrant the extra minutes or during the extra minutes themselves. Anybody have any further news on this, including precident and past instances of extending the trading day? This is the first time I recall ever hearing about this and, to be honest, I didn't even know it was possible.


reply posted on 2-7-2009 @ 04:32 PM by getreadyalready
reply to post by burdman30ott6


I have heard of them suspending trading or extending it for system irregularities before, but I can't remember the situation.

I will try to search some for precedents.


reply posted on 3-7-2009 @ 03:38 AM by burdman30ott6
reply to post by tjeffersonsghost


OK, can anyone think of one single business entity which, in the week leading into a 3 day holiday weekend, installs a brand new computer system (unless the old system has gone belly up) rather than waiting until normal business is closed for the long weekend and then having the IT brains work their magic with extra time to debug the installation? Their explanation doesn't hold water for me. We're dealing with one of the largest money handling exchanges in the world and they opt to take a needless risk that large in the middle of the work week? I don't buy it!
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