Glitch prevents trade in over 200 stocks on the NYSE
November 13, 2012 9:14 AM EST
There were no closing auctions in the affected stocks and a list of the official closing prices for the securities, based on the consolidated last sale, was distributed via email and NYSE's website.
The NYSE first alerted traders it was having problems with one of its cash equity matching engines at 9:38 a.m. and it said it would not publish quotes on a total of 216 stocks, including CVS Caremark Corp
Nasdaq OMX Group Inc
"Orders were coming in, but those who were issuing the orders were not getting their confirmations or their reports, so we felt it was best to zero it out, if you will, and then to suspend trading of those stocks on our market," said Rich Adamonis, an NYSE spokesman.
The NYSE said any open orders should be considered canceled.
Adamonis said the server issues were still being investigated at around 3 p.m., but added that they came as the stock symbols were being moved over to a new trading platform.
The NYSE said it "anticipates a normal trading day in all securities" on Tuesday.
The transatlantic exchange operator is in the process of moving all of its markets - including bonds, options, futures and cash equities - in the United States and Europe to a universal electronic trading platform.
The New York-based company's European markets have been fully integrated with the new system and the exchange is now in the process of moving over its roughly 3,800 U.S. cash equities issues to the new platform, with about 800 having migrated so far, Adamonis said.
The migration will continue to be rolled out through the rest of the year, he added.
NYSE shares closed up 1.4 percent at $23.26.
(Reporting By John McCrank; Editing by Leslie Adler and Andre Grenon)
Join the Conversation
- Forget Nexus 6 Release Date, Android Phones Will Soon Showcase Pure Google Apps & Features
- Boxing News 2014: Social Media War Between Boxers Continues As Pacquiao Repeats Comment That Mayweather Acts Like Uneducated Person, While Ignoring ‘Miss Pac Man’ Post
- Galaxy Note 4 Pre Order Starts in the US, Get Samsung Note Ahead of October 14 Release
- $249.99 Motorola Moto 360 Smartwatch's First Promo Out; 'Stone Leather' Replaces 'Gray Leather' - Available In BestBuy [Watch Video]
- BlackBerry Passport Sold Out As Preorders Reached 200,000
- iOS 8 And iOS 8.0.2 Security Flaw Revealed, Anyone Can Easily Bypass Touch ID And Passcode Security Features
- Australia Cracks Down On International Money Laundering Syndicate