Trading Halted At Nyse

Didn't Tom Clancy write about a siac failure in one of his books?

About some plot to erase all the data for past trades and crash the markets. Good read.
 
"To all traders:
Wed Jun 1 16:12:10 2005 EST

AMEX market data is once again available.
AMEX options are once again available."

nitro
 
Quote from FuturesTrader71:

What is SAIC? Is this a technical problem? I heared on NeedToKnowNews that they rang the bell early or something. Strange.
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From the NYSE website glossary:

Securities Industry Automation Corporation (SIAC)
SIAC operates the New York and American Stock Exchanges automation and communications systems to support trading, market data reporting, and surveillance activities. SIAC also supports the NSCC's nationwide clearance and settlement systems and it is the systems processor for industry-wide National Market System components, such as CTS, CQS, and ITS. SIAC is jointly owned by the NYSE and AMEX.


See also:
Critical Market Infrastructure
SFTI [Secure Financial Transaction Infrastructure] Spells Continuity for the Financial Industry
http://www.nyse.com/pdfs/InsidetheNYSESFTI.1204.pdf
 
Quote from FuturesTrader71:


Any idea why this happened? Is it technical?
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"technical"

You know they are counting up orders right now and seeing which way they can screw the traders and set up for tomorrow's open.
 
Quote from NYSEProTrader:

From the NYSE website glossary:

Securities Industry Automation Corporation (SIAC)
SIAC operates the New York and American Stock Exchanges automation and communications systems to support trading, market data reporting, and surveillance activities. SIAC also supports the NSCC's nationwide clearance and settlement systems and it is the systems processor for industry-wide National Market System components, such as CTS, CQS, and ITS. SIAC is jointly owned by the NYSE and AMEX
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Thanks. It is my acronym for the day. Tomorrow, I will ask about the meaning of LOL, LMAO, IMHO, BS, FOff. :D
 
Quote from Ragnar:

4:15?
it's 4:18 now....
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Closing print eminent...

Still ruling I think...Does this mean that only MOCs will be honored? I am confused...

nitro :confused:
 
Quote from Ragnar:

if the closing print is through where you have your limit order already placed you'll get filled
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Got it. thx.

nitro
 
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