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[–] BurtonG 1 point 88 points (+89|-1) ago  (edited ago)

Word around the office is that its a "Gateway connectivity issue"

EDIT: The more I look at this and hear it, the more likely this is the root problem. They had gateway issues earlier today and even left 1 of 3 routers out of service.

    The following BCCG gateway will remain offline for the remainder of the day and be returned to normal service for the next trading session.
            159.125.65.142

So, they could have had routing issues, or load issues and stopped everything so they ensure they don't loose any trades.

EDIT 2:

trading is back

MARKET RE-OPEN TIMES

    We will begin accepting orders and resume trading according to the following schedule:

        3:05pm  NYSE MKT - Primaries only
        3:10pm  NYSE

    Closing auctions will continue as normal.

reference: https://www.nyse.com/market-status/history

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[–] TommyBombadil 0 points 147 points (+147|-0) ago 

Have they tried turning the NYSE off and back on again?

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[–] BurtonG 0 points 8 points (+8|-0) ago 

https://www.youtube.com/watch?v=C2Ph8zwpNyI

itll be fixed when support finally answers the phone

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[–] political_anus 0 points 6 points (+6|-0) ago 

Oh, and make sure the ethernet cable is securely plugged into the back of the device....and one last thing, did you purchase 600 or 900 minutes of AOL? sarcasm

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[–] Terkan 1 point 3 points (+4|-1) ago 

No, you have to wait 10 seconds before turning it back on.

[–] [deleted] 8 points 2 points (+10|-8) ago 

[Deleted]

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[–] novictim 1 point 15 points (+16|-1) ago 

The Stock Market is collapsing. The information coming out of the systems that are up are a mirage.

Misinformation is a gateway drug and Cramer is the pusher.

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[–] delicious_grownups 0 points 6 points (+6|-0) ago 

Good. I say let that shit burn

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[–] BurtonG 0 points 5 points (+5|-0) ago 

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[–] antiplebbitor 1 point 4 points (+5|-1) ago 

Upgoating for unvarnished, unblemished, total TRUTH.

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[–] Detry ago 

9 hours later it looks like this will probably just end up being a sharp spike.

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[–] BeerBaron 0 points 11 points (+11|-0) ago 

Has something like this every happened before? The technical failure that they're experiencing?

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[–] BurtonG 0 points 9 points (+9|-0) ago 

I see similiar things, NYSE usually doesn't usually go down, but everyone has technical difficulties. Most trading is done away from the floor now, so the Tech is super important to people. We usually put in specific connections back to the NYSE or Bloomberg to Client trading floors. I've seen that side of things break plenty.

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[–] SierraLima 0 points 4 points (+4|-0) ago 

Yes, it has happened 7 times since 1817, one was the 9-11 attacks, another was JFK getting shot in the head. No big deal today though.

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[–] MasterShakeHalen 0 points 1 point (+1|-0) ago 

Not really. There was the 'flash crash' in 2010. https://en.wikipedia.org/wiki/2010_Flash_Crash but check out the history of closures, this is pretty bizarre. http://www1.nyse.com/pdfs/closings.pdf

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[–] lifes_a_beach 0 points 1 point (+1|-0) ago 

It's a safe bet that most companies have had gateway problems at some point.

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[–] gopher_village 0 points 9 points (+9|-0) ago 

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[–] BurtonG 0 points 5 points (+5|-0) ago 

yea, I have no idea what took the router out in the first place. That I'll leave to the conspiracy theories. to help, there was talk about cisco building in a backdoor to equipment at one point, so if that was true and was found, someone could brick the devices. #SomeoneHadAPlan

on the other hand, routing gives me a headache so i believe it can get FUBAR pretty easily.