Saturday, July 4, 2009

Glitch delays NYSE close after new system goes live

A “communications issue” affecting trading and market data dissemination forced the New York Stock Exchange (NYSE) and the American Stock Exchange to delay their close yesterday.

The two exchanges, both owned by the NYSE Euronext group, closed at 16.15 instead of the usual time of 16.00 to allow the execution of orders affected by the glitch. The group said in a market notice that because of the timing of the problem, quotes were indicated as closing quotes even though the market was still open.

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