Feeds

Message storm knocks NYSE offline

Early close for trading floor

  • alert
  • submit to reddit

Remote control for virtualized desktops

The New York Stock Exchange is re-examining its network after it was forced to close four minutes early at 3:56pm on Wednesday (1 June) because of a communications glitch. Trading opened on time (09:30 EDT) the following morning but the outage irked traders and raised questions about the reliability of a network described as "ultra reliable" following improvements made in the wake the September 11 terrorist attacks.

The outage stemmed from a fault in a system designed to distribute market data and operate computer trading systems. NYSE Chief Executive John Thain said that both the main system and its backup were swamped with error messages, Reuters reports. He added that the exchange would carry out remedial work designed to prevent any repetition of the problem.

A NYSE spokesman declined to expand on this explanation nor offer any insights into why a network touted for its reliability crashed. ®

Related stories

Nasdaq swoops for $1.9bn Instinet
IT Failures In The Great US Blackout
BT cable fire causes extensive damage in Manchester
Backup and Recovery er what's that?
UK.biz ready for disaster, says UK.biz
9/11 fails to influence disaster recovery strategies survey

Remote control for virtualized desktops

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.