The nearly four-hour outage at the New York Stock Exchange on Wednesday was caused by a problem in a software update installed Tuesday evening, the exchange said in a message to customers.
The explanation sent to customers was consistent with what exchange officials and traders told The Wall Street Journal on Wednesday, following initial fears that a coordinated cyberattack could have caused the outage.
The update was installed initially on one computer system that handled trading. Early on Wednesday morning, some customers had some “communication issues” with that system, the NYSE said.
But just before the market opened, the NYSE installed the software update on other computer systems and more communication issues arose. At 11:09 a.m. Eastern time, the NYSE issued an alert that it was investigating a “technical issue.”
At 11:32 a.m., with some customers having trouble trading, NYSE executives decided to suspend trading on two of its equities exchanges. The exchange then canceled open orders and worked with customers to “reconcile orders and trades.”
Keep on moving folks. There is nothing to see here. Someone forgot to test the software before they installed it. Same thing at United. That's all that happened.
The story has even dropped totally out of the media. Thats how you know something sinister happened.
ReplyDeleteStrictly for fun purposes: http://map.norsecorp.com/
ReplyDeleteReminds me of the "War Room" in one of my favorite movies of all time, by the absolutely incomparable Stanley Kubrick, "Dr Strangelove or: How I learned to Stop Worrying and Love the Bomb." If you have not seen this movie, do not admit it. Go see it. Now.
There was also a substantial power outage in DC that day. Hardly reported in the press.
ReplyDelete