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NYSE Trading Halt Triggered by 'Network Storm'
- From: Fergie (Paul Ferguson)
- Date: Thu Jun 02 14:55:58 2005
I don't suppose anyone knows any further details beyond this
An error message that was duplicated millions of times overwhelmed network routers at the New York Stock Exchange Wednesday, leading to a four-minute halt in trading just before the closing bell.
Trading resumed normally at 9:30 a.m. Thursday.
In a statement, the NYSE blamed the system failure, which suspended trading at 3:56 p.m., on a communication problem. In an interview Thursday with cable-news channel CNBC, NYSE CEO John Thain said the problem was caused by a "network storm" in which "an error message was created and then duplicated millions of times," overwhelming both the system's primary and backup network routers.
"Fergie", a.k.a. Paul Ferguson
Engineering Architecture for the Internet
email@example.com or firstname.lastname@example.org
ferg's tech blog: http://fergdawg.blogspot.com/