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Suspended Trading on NYSE Causes Large Drop in Daily Trade Volume
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09.07.2015
A technical error forced the New York Stock Exchange to suspend trading for several hours on Wednesday.
The roughly four-hour outage is the longest to hit the U.S. financial market in nearly two years.
During the outage the NYSE stated the issue is internal and should not be considered a cyber attack.
Despite the suspension, traders managed to make moves with listed NYSE stock on other exchanges.
As a result of the reported glitch, the exchange only handled 6.12 percent of U.S. stock volume for the day.
According to BATS Global Markets, the percentage fell well short of the daily average from last month tallied at 13.4 percent.
The roughly four-hour outage is the longest to hit the U.S. financial market in nearly two years.
During the outage the NYSE stated the issue is internal and should not be considered a cyber attack.
Despite the suspension, traders managed to make moves with listed NYSE stock on other exchanges.
As a result of the reported glitch, the exchange only handled 6.12 percent of U.S. stock volume for the day.
According to BATS Global Markets, the percentage fell well short of the daily average from last month tallied at 13.4 percent.
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