Exchange Outage

An exchange outage is a disruption of trading that can occur when trading platforms or exchange systems malfunction by accident or are disabled by design. Exchange outages occur for several reasons and can even result from an excessive overflow of market participants. This scenario can occur as a result of software updates, technical issues, glitches, or even minor disturbances in a platform’s functionality. Exchange Outages ExplainedWith nearly every exchange outage comes an increased demand in not only knowing what caused the outage but also for investors and businesses to question that exchange's infrastructure in use. At the present, the U.S. Securities and Exchange Commission, New York Stock Exchange (NYSE), nor the National Association of Securities Dealers (NASD) requires broker-dealers to maintain a record on system delays and outages or their related causes.On September 8, 2008, the London Stock Exchange had to prohibit trading for over 7 hours due to a technical issue with a newly developed trading platform that was co-developed with Microsoft. During June 3, 2008, both the OMX Nordic Exchange and the Oslo Stock Exchange opened more than five hours later due to a complication stemming from their trading system.Stock exchanges nested in Stockholm, Helsinki, and Copenhagen were also affected as a result of using the same backend technical system. The Tokyo Stock Exchange (TSE) experienced an outage in 2005 when a software bug was the root of a crash with not only the main system of the exchange but also the backup systems.This situation led to the suspension of trading for more than four hours. Market participants have strong demands and expectations for exchanges to seamlessly operate around-the-clock.Given the inability to calculate the seemingly endless sum of variables that may cause outages, both exchanges and traders are stuck with having to see outages through.
An exchange outage is a disruption of trading that can occur when trading platforms or exchange systems malfunction by accident or are disabled by design. Exchange outages occur for several reasons and can even result from an excessive overflow of market participants. This scenario can occur as a result of software updates, technical issues, glitches, or even minor disturbances in a platform’s functionality. Exchange Outages ExplainedWith nearly every exchange outage comes an increased demand in not only knowing what caused the outage but also for investors and businesses to question that exchange's infrastructure in use. At the present, the U.S. Securities and Exchange Commission, New York Stock Exchange (NYSE), nor the National Association of Securities Dealers (NASD) requires broker-dealers to maintain a record on system delays and outages or their related causes.On September 8, 2008, the London Stock Exchange had to prohibit trading for over 7 hours due to a technical issue with a newly developed trading platform that was co-developed with Microsoft. During June 3, 2008, both the OMX Nordic Exchange and the Oslo Stock Exchange opened more than five hours later due to a complication stemming from their trading system.Stock exchanges nested in Stockholm, Helsinki, and Copenhagen were also affected as a result of using the same backend technical system. The Tokyo Stock Exchange (TSE) experienced an outage in 2005 when a software bug was the root of a crash with not only the main system of the exchange but also the backup systems.This situation led to the suspension of trading for more than four hours. Market participants have strong demands and expectations for exchanges to seamlessly operate around-the-clock.Given the inability to calculate the seemingly endless sum of variables that may cause outages, both exchanges and traders are stuck with having to see outages through.

An exchange outage is a disruption of trading that can occur when trading platforms or exchange systems malfunction by accident or are disabled by design.

Exchange outages occur for several reasons and can even result from an excessive overflow of market participants.

This scenario can occur as a result of software updates, technical issues, glitches, or even minor disturbances in a platform’s functionality.

Exchange Outages Explained

With nearly every exchange outage comes an increased demand in not only knowing what caused the outage but also for investors and businesses to question that exchange's infrastructure in use.

At the present, the U.S. Securities and Exchange Commission, New York Stock Exchange (NYSE), nor the National Association of Securities Dealers (NASD) requires broker-dealers to maintain a record on system delays and outages or their related causes.

On September 8, 2008, the London Stock Exchange had to prohibit trading for over 7 hours due to a technical issue with a newly developed trading platform that was co-developed with Microsoft.

During June 3, 2008, both the OMX Nordic Exchange and the Oslo Stock Exchange opened more than five hours later due to a complication stemming from their trading system.

Stock exchanges nested in Stockholm, Helsinki, and Copenhagen were also affected as a result of using the same backend technical system.

The Tokyo Stock Exchange (TSE) experienced an outage in 2005 when a software bug was the root of a crash with not only the main system of the exchange but also the backup systems.

This situation led to the suspension of trading for more than four hours.

Market participants have strong demands and expectations for exchanges to seamlessly operate around-the-clock.

Given the inability to calculate the seemingly endless sum of variables that may cause outages, both exchanges and traders are stuck with having to see outages through.

News

Speculation that Russia may have used chemical weapons in its war on Ukraine

Speculation that Russia may have used chemical weapons in its war on Ukraine

  • Ukraine President Zelensky has not said chemical weapons have been used, but there are widespread speculative reports.
Eamonn Sheridan
Eamonn Sheridan
Monday, 11/04/2022 | 21:15 GMT-0
11/04/2022 | 21:15 GMT-0
News

Did Russia poison peace negotiators?

Did Russia poison peace negotiators?

  • Some serious accusations in the WSJ
Adam Button
Adam Button
Monday, 28/03/2022 | 15:17 GMT-0
28/03/2022 | 15:17 GMT-0
News

US to ban the imports of alcohol and seafood from Russia

US to ban the imports of alcohol and seafood from Russia

  • Wall Street Journal reporting
Greg Michalowski
Greg Michalowski
Friday, 11/03/2022 | 14:48 GMT-0
11/03/2022 | 14:48 GMT-0
Education

Investing like Gordon Gekko: 6 rules to live by

Gekko

Investing like Gordon Gekko: 6 rules to live by

ForexLive
ForexLive
Friday, 04/03/2022 | 10:45 GMT-0
04/03/2022 | 10:45 GMT-0
News

WSJ: US/Other major oil consuming nations consider releasing 70M barrels from SPR

WSJ: US/Other major oil consuming nations consider releasing 70M barrels from SPR

  • Wall Street Journal reports
Greg Michalowski
Greg Michalowski
Monday, 28/02/2022 | 13:25 GMT-0
28/02/2022 | 13:25 GMT-0