Power Glitch Halts Trading on NYSE
- Share via
NEW YORK — The New York Stock Exchange halted trading for more than 90 minutes this morning because of a power disruption that knocked out the computer system at the nation’s largest stock market.
The disruption shut down the exchange at 9:41 a.m., 11 minutes into the start of its session. NYSE spokesman Richard Torrenzano said the problem was identified and corrected before 10:30 a.m., but trading didn’t resume until 11:15 a.m.
“As a rule I don’t see any real damage (to the market),” said Richard Meyer, managing director of institutional trading at Ladenburg Thalmann. “It was not that big of a deal. It was a quiet day and this just made it a forced quietness.”
Traders said the problem was with the exchange’s “Dot” computer, which executes small orders. “They have a backup system that evidently is not working,” one trader said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
