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Trading halted on NYSE floor

Beaudreaux

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This feels like a cyber attack. Too coincidental. God forbid if they got a hold of our banking system.
 
I think they're worried about China.
 
I'm no I.T. guy, but I have worked in telecom - in systems like those supporting the NYSE, I'd expect a ton of robust redundancy.

So yes, this does smell like an attack.

"If it looks like a duck, walks like a duck, and quacks like a duck"

"Occam's Razor"

And all that other good stuff ...
 
The Chinese stock exchange has lost 3.2 trillion dollars in the last week!!!!!!!!
 
I'm no I.T. guy, but I have worked in telecom - in systems like those supporting the NYSE, I'd expect a ton of robust redundancy.

So yes, this does smell like an attack.

"If it looks like a duck, walks like a duck, and quacks like a duck"

"Occam's Razor"

And all that other good stuff ...

I work in IT and essentially for the NYSE - not on paper because of the way things are organized but in reality. Yes there is massive redundancy but that doesn't help if there's a bug in someone's code, which is the usual suspect when trading is halted for technical reasons. It happens, not often, but it happens. And when it does some poor slobs that I work with spend days dealing with the aftermath.

Alternatively, if you're in CT mode, trading was halted because of international issues and before the market tanks and technology is a convienent cover story.
 
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Given the volume of trades on the NYSE and the incredibly narrow fault tolerance in that kind of thing, I'm shocked it doesn't go down a lot more often. I mean, all it takes to royally screw things up would be that one brokerage gets information 100 milleseconds faster than another because a particular server is having problems and the first brokerage will take billions of dollars off the second brokerage in very short order. They aren't working with the kinds of flexibility for errors and slowdowns and failover that say Google has the luxury of working with.

Somehow we went, very quickly, from the general public being in awe whenever techies figured out how to do something mostly right some of the time to the public being in utter disbelief if technology ever has any kind of problem... Techies are awesome, but they're not gods.
 
This happens literally all the time.

At all three at the same time? Look, I don't think there's anything to it. I added the last sentence for the CT subthread guys. You have to admit though, that all three going down at the same time is one heck of a coincidence.
 
Don't forget batteries.

That is just staving off the inevitable. Invest in potato seeds. I hear they can double as batteries! ;)
 
Reportedly, the NYSE will resume trading between 2:45 PM and 3:00 PM. Still, there are few concrete details about what happened.
 
At all three at the same time? Look, I don't think there's anything to it. I added the last sentence for the CT subthread guys. You have to admit though, that all three going down at the same time is one heck of a coincidence.
United was back up and running before the NYSE stopped trading. WSJ was back up by 12 PM EST, and NSYE resumed trading at 3PM.
 
We're under cyber attack 24/7/365.
Give your sysadmin some love

Well, we can't. Didn't we off shore all those jobs?
Should have showed them some love in a more timely fashion, me thinks. You think business if re-thinking that decision?
 
I work in IT and essentially for the NYSE - not on paper because of the way things are organized but in reality. Yes there is massive redundancy but that doesn't help if there's a bug in someone's code, which is the usual suspect when trading is halted for technical reasons. It happens, not often, but it happens. And when it does some poor slobs that I work with spend days dealing with the aftermath.

Alternatively, if you're in CT mode, trading was halted because of international issues and before the market tanks and technology is a convienent cover story.

Yeah, I was thinking about that aspect of it (if I'm reading your post correctly).

If it was a cyber attack, I certainly wouldn't be giving the attackers any information that I knew it was an attack and would blame it on the technical glitch or code bug or whatever. Deny them any information in the least about, how it was detected, from where I thought it was coming, what damage it caused, and what I did to remediate the risk, would be my position.
 
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