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NYSE Services Impacted, And It Is Not Even A Down Day Yet
Just released by the NYSE:
Maybe this is one of the recurring reasons why people are migrating to the BATS of the world.In the meantime, shorting is still legal.
Update: ok now it makes sense.
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hardware malfunctions, as the recession eases...
If it spikes the trin once it starts working, watch for HAL9000 to go ape shit...
LOL. awesome.
These are interesting times. The information flow and dynamics between differing nexus are moving along nicely.
I believe that is an old chinese curse "May you live in interesting times"
Not letting you trade is a good way to stop you from shorting!
Its also a good way to keep the market from going up, since you can't cover. Can today actually turn out to be a down day after yesterday? Get out the popcorn.
"Can today actually turn out to be a down day...?"
No. PPT is on the job.
But they specified "some" orders, which means it could be just the short orders, only a coincidence of course
Risk as it pertains to ... ? Backstop behind the SLPz? So, conceivably, a "past ball" (not seen coming, i.e. flashed in a dark pool) thrown in the dirt could get by the catcher and roll how far (without a backstop)? There is no risk when Bernanke is the umpire behind the plate. His message was being spread and gaining even more support...therefore he needed to be censored.
hat tip: finance news & finance opinions
I guess Healthcare is not the only thing were pinching from Canada?
Toronto saves its glitches for the last hour of options Friday
Bob Janjuah a voice of reason.....
http://www.telegraph.co.uk/finance/markets/6018076/RBS-uber-bear-issues-fresh-alert-on-global-stock-markets.html
Well its a down day now, and the ammount of crossed markets is both staggering and a total pain in the ass.
Nyse went down 1 minute before open. You could not put in orders or cancel existing orders. I notice while watching price tickers and open book, that most stocks are trading .10 to .15 on the ecns away from nyse bid/offer, yet the occasional print will go off on nyse. That is just free money for whoever is executing those orders.
According to Interactive Brokers, AMEX down at 9:40
They are short staff today (ppl taking summer vacations). they need more time (1 minute instead of 1 nanosecond) to analyse all the incoming orders to make sure they can maximize the raping of retail investors.
Funny that this problems occur and its summer time where volume is low and has been trending lower in what is basically a one-sided market (straight up). I guess they took all the super processors from the exchanges and leased them out to the High Frequency trading firms for their colocation
wait what makes sense? I don't get it?!?
Could this be next? (From the Onion, link found on nakedcapitalism.com)
US Government Stages Fake Coup to Wipe Out National Debt
Isn't this the 2nd time on a bad economic data at the open? Don't you people find this too much of a conicidence? Headlines are now blatent lies, for poeple that just scan them without thinking. NPR this morning said something like in the report about how the economy is getting better, the retails sales dropped... I just went WHAT????
The computers have only a milisecond to scan all the news, they don't have time to read beyond the headlines, so that's all that matters
Headlines like..
Strong auction for 30 yr bonds with yields less than expected.
Or... Gold is higher due to economic optimism.
Nevermind the economy is a crap shoot.
Follow price of NG and BDI index to get real data.
Also, Russia's GDP down 10% is a real number. China's exports down 25% is a real number.
How tf can any of this be good?
Bye bye US Dollar..
The market starts going down and then, oh surprise there is a problem with orders.
They are trying every thing possible to keep the plates spinning ever higher and higher
That's some robust system they got there. Strangely, only sell orders are affected.
Foreclosures hit another new record, retail sales falling, consumer confidence falling, jobless increasing...
and those that are jobless for a long time are falling off the benefits handouts and getting even less.
buy buy buy buy, to the moon we go
I bought CHKP when this happened and shorted qqqq as a hedge in case it was a malicious attack. look at opening chart. Just covered most of it.
http://finance.yahoo.com/echarts?s=CHKP#chart1:symbol=chkp;range=1d;comp...
New law just passed.
You are not allowed to sell any of your shares.
This happened back in 2007 here in Brazil for a couple of days on those IPO parties. The exchange had to shut down ealier on its own (bovespa) IPO day. Epic fail.
This summer action is just classic.
Spring and Summer! Great time to be oblivious and long -- not so much for the table pounding shorts or stuffed mattress gun toting crowd. I expect a few more HUGE panic buying days before any real pullback.
http://www.youtube.com/watch?v=cVTOeU9nwlA&feature=channel
When this thing finally goes down big - none of you will catch it anyway.
I wish to add that stock buying to counter shorts, if succeed, require just a limited time. Confused sellers run to cover and stay away... His message was being spread and gaining even more support...therefore he needed to be censored.
good articles; my newest bookmarked finance site ..http://www.. hat tip: finance news & finance opinions
The stock exchanges are powered by 5,000,000 hampsters running in wheels powering the exchanges. I am thinking that SOMEONE did not feed the hampsters enough crystal meth to keep them going.
With endless liquidity provided by Fed, and by forcing important technicals figures (breakout up), Goldman Sachs (and maybe few others) manipulate and sustain S&P futures overnight and Usa stock markets during the day. How long can it go?
In many years of active trading I have never seen strange markets like these.
I started watching the market many many years ago even though I didn't start trading until the last 10 years or so, but this market is completely unreal.
I think the HFT which TD has highlighted really compounds any move and makes it far wilder, how can an index move 0.5% or more in a second? on what basis? Not fundamentals that's for sure.
Now they are gone it is a pure gambling machine with GS as the house and they never lose even if they lose
This market will not sell off until everyone becomes bullish and buys into the idea that the economy has been rescued and enough money has poured into the stock market so that when there are decent sell offs there are enough "investors" to buy the dips to protect what they already own.
If the market sells off hard now, there will be no buyers trying to protect the most recent 140 or so S&P points outside of the current few, and buyers will wait to see how low it can go.
What's going on right now is simply the pumping up of a very thin market and it probably won't pause until we are at 1050 or higher.
This market will sell off when Obama gets his health care, not before... it's his deal with Wall St.,
"You want a normal market? I want new health-care. Let's both be happy."
you nailed it.
positive stock market is the background to get crap health care peddled to the masses.
negative stock market is the background for more stimulus and more bailout cash.
Silicon Valley, Hollywood, White House and Wall Street = Wizard of Oz
Make for good theater each and every time.
I don't think so. It is not very difficult to sustain stock markets for a while. You need to buy just the leaders in the sectors; the herds will follow. Moreover, another tool you can use is opportunistic stock or sector upgrade.
Sometimes the entire economy (Abby Cohen a few days ago).
I wish to add that stock buying to counter shorts, if succeed, require just a limited time. Confused sellers run to cover and stay away...
11 o'clock. Krudlow is on BSNBC. Time to change the channel to Bloomberg.
If you think that your short positions will be honored...
If you think that you will be able to convert an electronic number into a physical product like cash or gold...
If you think that that cash and gold are going to be worth very much after this wholesale collapse...
I have a bridge in Brooklyn that I'd like to sell you.
The market is a complete sham. Don't participate cash out and start growing some food. Your going to need it. Starbucks is not going to feed you.
"Starbucks is not going to feed you."
well, duh!
everyone knows that arugula comes from Whole Foods. what's this "start growing some food" stuff you're talking about?
Guys...blatant manipulation for tape readers (not order impairments)
1) It's still going on in a bunch of stocks here after 11am (no way if it really was order delays!)
2) For those who were watching GS, everytime NYSE went out, the stock went down and everytime it came back, the stock went up...interesting. You can physically see the manipulation. Also, when they worked it back up from lows, they threw on small refreshing NY orders and had refreshing arca's underneath to catch retail traders and their shorts. And, GS also had stepping ecn bids of 50k that never printed....pure manipulation..
3) The only question is whether these disturbances and manipulation is relegated specifically to today and tomorrow, or is this a big issue to work the market going forward...
***Last time this happened with NY orders was when GS's codes were "stolen".....the market then immediately ripped from about 88 to 100 straight (we strangely had like 3 weeks of uninterrupted gains!!!!)
I read somewhere that co-location is actually allowing client software to run on the same H/W for faster access. This means that GS for example has memory access (not network) to real-time data. This is done with virtualization on the same server hardware.
This can impact CPU resources if not managed properly.
co-locating ram, NICE!
you wouldn't be talking about soft modems, would you?
As someone that maintains a 24/7 software application thankfully not as complicated as the trading platforms, you guys don't have a clue.
Not one. Not even a half a clue.
*Each* of the frontend/middleware/backend/db layers are complex unto themselves. I don't know how tightly they are coupled, but even if there is a loose framework, one layer having problems will affect every other layer. What happens when two layers *each* have issues on their own? Pandemonium. I just got off of several days debugging in just this scenario.
As for #35268, this isn't possible. I agree with the general ideas of dark pools and front-running are probably happening on a daily basis. But your comments have no basis in reality. Zero. Because, you know, the NYSE is going to turn it's trading platform (That it probably licenses anyway) into a host for it's best friends to run their applications on. The NYSE isn't a fscking apache/iis host.
This is the fundamental problem with Zero Hedge. 10% of the content is important, even if the conclusions drawn aren't quite accurate. The other 90% is wild swings at conspiracy theories. And then the comments make TD's articles look like MSM content.
"I agree with the general ideas of dark pools and front-running are probably happening"
Golly gee Wolly so glad you agree. LOL!
As for impossible, the man saying it can't be done, is often interrupted by the man doing it. You run software, not the same as hardware, and making a statement that something can't be done, unless you have actually been to the NYSE and diagram their pipeline, you are making wild assumptions. You may want to realize that you are not the only one who knows data systems, pipelines, and/or network infrastructure, but your posturing is amusing.
Your cheerleading only serves to undermine the blog. You're making it easy for people to write this off as conspiracy theory. You spend alot of time on 4chan perhaps?
Let me guess, you got your degree from Costco...
LOL +10 DOOD
- When a distinguished but elderly scientist states that something is possible, he is almost certainly right. When he states that something is impossible, he is very probably wrong.
- The only way of discovering the limits of the possible is to venture a little way past them into the impossible.
- Any sufficiently advanced technology is indistinguishable from magic. Arthur C. Clarke
And the rest of your comment is simply ridiculous, given the fact that you dismiss the evidence of co-location, rebates, extra fees etc.given the fact that you dismiss the evidence of co-location, rebates, extra fees etc.
I said it's not possible that the NYSE is hosting other people's applications on their platform.
A couple of important presumptions made by the grandparent post: those applications have very low-level access to the trading platform. Those applications can interrupt the trading platform? If you had any clue, you would be embarrased to write such things.
Most of the colo claims made in the comments are the same quality (bad) as the grandparent post. 'Proximity' can be had many ways. Physical proximity is the simplest and therefore the easiest for the uninformed to spin wild schemes that would make great movie details, but very little basis in reality. The reality of getting decent proximity isn't very interesting and only requires spending lots of money with the LECs/telcos each month. Is it even illegal?
I don't dismiss rebates at all. I know nothing about them and have never claimed I did. Ditto fees.
The reality of getting decent proximity isn't very interesting and only requires spending lots of money with the LECs/telcos each month. Is it even illegal?
you might be good when it comes to technology but apparently you don't have a clue when it comes to whats really happening. first of all, if you really think that they cant do it because of the money than i laugh at you and will not explain why; second of all; yes it is legal and it is a practice that is going on for a long time; google and search for the HFT facility that is being built to jointly provide necessary HFT infrastructure for HFs and banks. Really this is a topic which has been discussed here many many many times. Browse trough the archives and read the available information. And then read that the SEC is trying to ban Flash and some other activities that go in the market. Im not technologically savvy, but i know about HFT. And while we are at it, it is not a question of proximity or co-location.
channel-zero, your ignorance is dwarfed by your....well nothing...
They have spent billions of dollars and employed far greater minds than either of us, building something that, by your own admission, is far more complex than what you currently work on, yet you seem to profess that, by reading a few blogs about it, you have grasped the core technological principles on which the entire financial system is now being built upon...
May I advise you, you are waisting your time, go work for Goldman, I'm sure they can get you a much better salary.
Otherwise, you are talking out of your proverbial non-proprietary A$$.
Until we have guys like Black back as regulators nothing will change. We just
good articles; my newest bookmarked finance site ..http://www.. hat tip: finance news & finance opinions
Dark pools and front-running happen...for a FACT....every day in every stock. As a NYSE Prop Trader, I see it all the time and occasionally have the resource to take advantage (to get into or out of size quickly) and to help tick stocks up/down with front-running.
TD Waterhouse in Canada has also shut down. No idea when it'll come back up. Co-incidence? It's nice being 100% in cash eh?
Keeping the dream alive, stock up = bernanke 2nd term, more $$$ come into market before they all go short.
Manipulation! Government Sachs! Helicopter Ben! Osama! Little Timmy! Guns & Gold! Lip gloss and ponies and myspace.com!
Imagine how the NYSE will handle the (theoretical) TEOTWAWKI selloff - good luck getting executed during that.
Actually, most of us will be executed trying to trade in that market...