Glitch halts NYSE trading

A trader clapping at the close of the day after trading was paused on the New York Stock Exchange for nearly four hours.
A trader clapping at the close of the day after trading was paused on the New York Stock Exchange for nearly four hours. PHOTO: AFP

NEW YORK • Equity trading was halted at the New York Stock Exchange (NYSE) as the biggest American share venue addressed a computer malfunction and cancelled open orders.

The disruption came on the same day as United Airlines grounded planes at US airports for an hour due to a computer glitch. The website for The Wall Street Journal newspaper was also suffering intermittent glitches.

"We're currently experiencing a technical issue that we're working to resolve as quickly as possible," a spokesman for NYSE, Ms Marissa Arnold, said in an e-mailed statement.

Stocks continued to change hands at other venues such as the Nasdaq Stock Market and Bats Global Markets. The NYSE is one of 11 exchanges in the US.

A US Department of Homeland Security official, who spoke on condition of anonymity, said there was no indication so far that the NYSE had been hacked.

BLOOMBERG, AGENCE FRANCE-PRESSE

A version of this article appeared in the print edition of The Straits Times on July 09, 2015, with the headline 'Glitch halts NYSE trading'. Print Edition | Subscribe