All trading was halted on the New York Stock Exchange at 11.30 at morning local time.
Several media reports that there was a problem with the software that has been behind the closure.
The Stock Exchange was down for about three hours and opened again shortly after 15 o’clock local time.
The stop can have consequences on the Swedish stock exchange in the morning at the opening.
– Our stock market might emerge in the morning because you are worried, says Christina Söderberg, savings economist at Compricer.
New York stock exchange was forced to abruptly shut down all trade on Wednesday.
The exchange has seen shares fall all morning because of the economic crises in Greece and China, but all the trading was stopped and the prices stopped to enter the merchants’ computer screens at 11:32 local time, according to the Washington Times.
Any other exchanges operated by the New York Stock Exchange, Options Exchange, continued to operate normally.
“Technical problem”
An official in New York Exchange confirmed in a statement that a “technical problem” has forced the stock market to close all trades and technicians were working on a “quick fix”.
– We are currently experiencing a technical issue that we are working to resolve as soon as possible, said a spokeswoman for the New York Stock Exchange in an email according to The Wall Street Journal.
will open before the closing
At midday US time, the New York Stock Exchange’s president, Thomas Farley, the stock market will be open again before closing on Wednesday.
– We have identified the problem, he says and announces that it will be able to open up the business again, at about 15 US time, according to The Guardian.
He added that it is “too early” to say what the real problem is.
– Our system is more than just software, it’s connection to the network, the various external and internal sources and the hardware itself.
– It’s not a good day and I do not feel good for our customers who continue to see fallout.
Later, NYSE out to resume trading again at 15:10 local time. Then began even earlier closed operations continue as normal, according to Reuters.
System Update may be behind
Several media reports that there is a problem with the software that forced the bank to turn back.
According to Eric Scott Hunsader who is an expert on Wall Street trading told The Guardian that it seems that it was a faulty system update that made the New York Stock Exchange was forced to close.
computer systems is also of United Airways
Officials at the Nasdaq has said that the trade in their markets has proceeded normally.
Exchange data problems came just hours after United Airways was hit by flight chaos because of a computer problem.
There is no information on the technical problems have no connection.
The US Department of Homeland Security said there were no signs of problems on the New York Stock Exchange and United Airlines had to do with “malicious activity”, reports CNN.
The New York Stock Exchange’s president, Thomas Farley said, according to The Guardian that he does not believe there is any connection between the bugs that occurred when different organizations during the day. He also says that if it had been a “catastrophic issue” had a disaster plan been in place.
– You absolutely need resilience, says Farley.
Almost all US trade is conducted electronically and break on the New York Stock Exchange raises again questions about the technology stock markets after major bugs in recent years, according to Reuters.
Saving Economist: “Really Serious”
Saving economist Christina Söderberg on finance comparison site Compricer have never heard anything like it.
– It’s very serious, that’s a lot of trade that takes place there. It sounds a bit unbelievable that it would be a glitch, but it is clear. It becomes more and more complicated, says Christina Söderberg.
Can affect the Swedish stock exchange
She believes that the New York Stock Exchange’s closing could affect the Swedish stock market at the opening tomorrow.
– Exchange guided by psychology, they do not like not to know for sure. Meanwhile, the stock market in China plummeted lot. It will certainly make us more anxious. Our stock market might emerge tomorrow that one is worried. When it turns out it was wrong adapts again.
– If there is a technical problem, it will not play any role at all.
Söderberg’s advice is not to act on impulse.
– As a private person should not act in panic. One should wait as I always say. So far in the history of the stock market has always gone up again, so you should have money in the stock market who can sit there for a few years. One should not try to adapt to the market, then you will only lose money.
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