Bloomberg News

NYSE Completes Recovery of ‘Engine’ That Matches Trades

By Michael P. Regan
November 12, 2012

The New York Stock Exchange said it has completed the recovery of a computer that matches orders and processes trades.

The exchange said there were still eight of 60 customer- connect gateways waiting to be connected back to the so-called matching engine, according to an e-mail at 10 a.m. New York time. All other CCGs were functioning properly, the exchange said.

NYSE Euronext (NYX) had said earlier that about 216 stock symbols were affected by the issue, including companies such as Travelers Cos., Nucor Corp. (NUE) and Discover Financial Services.

NYSE Euronext had called it a “critical issue” in an e- mail alert and said all other trading systems were functioning normally. The Nasdaq Stock Market had declared a “self help” against the NYSE, meaning the exchange could ignore some bids and offers on the Big Board until the malfunction was resolved.

T

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

Business Exchange: What your peers are reading.

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus