After 9/11 we were told enough redundancy was in place to NOT shut down trading again

J

jackpearson

Supposedly there was enough redundancy outside of NYC to prevent an event hitting NYC to shut down the financial markets.

What's the deal now?

We lose a trading day because of possible big flooding in lower Manhattan?

NASDAQ is in CT.

NYSE Arca is in Mahwah, NJ.

Why can't trading open?

Where did all that redundancy go & those secret locations where trading can keep going?

What garbage to shut it down.
 
what if you lose connection to the markets and your a big firm. the idea is for the markets to run orderly and not be at the mercy of an act of god.

Quote from jackpearson:

Supposedly there was enough redundancy outside of NYC to prevent an event hitting NYC to shut down the financial markets.

What's the deal now?

We lose a trading day because of possible big flooding in lower Manhattan?

NASDAQ is in CT.

NYSE Arca is in Mahwah, NJ.

Why can't trading open?

Where did all that redundancy go & those secret locations where trading can keep going?

What garbage to shut it down.
More...
 
Quote from jackpearson:

Supposedly there was enough redundancy outside of NYC to prevent an event hitting NYC to shut down the financial markets.

What's the deal now?

We lose a trading day because of possible big flooding in lower Manhattan?

NASDAQ is in CT.

NYSE Arca is in Mahwah, NJ.

Why can't trading open?

Where did all that redundancy go & those secret locations where trading can keep going?

What garbage to shut it down.
More...

Understand and agree with your feelings. But...given the public's current worries about electronic markets, HFT, flash crashes, etc., best not to take any risks when folks aren't at their desks to handle problems.
 
I agree, this is so retarded. the market is so important that NOTHING, not even a nuclear bomb or asteroid, should be able to shut it down. and definitely not a storm FFS!!
 
Quote from brokerboy:

what if you lose connection to the markets and your a big firm. the idea is for the markets to run orderly and not be at the mercy of an act of god.
More...

NASDAQ has been doing it since ...forever.
 
No power in the northeast duh

I bet you would have been the first ****** to post that you lost connection and could not get out of a trade.


Quote from jackpearson:

Supposedly there was enough redundancy outside of NYC to prevent an event hitting NYC to shut down the financial markets.

What's the deal now?

We lose a trading day because of possible big flooding in lower Manhattan?

NASDAQ is in CT.

NYSE Arca is in Mahwah, NJ.

Why can't trading open?

Where did all that redundancy go & those secret locations where trading can keep going?

What garbage to shut it down.
More...
 
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