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NYSE Issues Official Explanation Why Its Was Offline For Nearly 4 Hours, Blames Software Upgrade
Moments ago the NYSE released its explanation why its was offline for nearly 3.5 hours. Here is the official narrative:
On Tuesday evening, the NYSE began the rollout of a software release in preparation for the July 11 industry test of the upcoming SIP timestamp requirement. As is standard NYSE practice, the initial release was deployed on one trading unit. As customers began connecting after 7am on Wednesday morning, there were communication issues between customer gateways and the trading unit with the new release. It was determined that the NYSE and NYSE MKT customer gateways were not loaded with the proper configuration compatible with the new release.
Prior to the market open, gateways were updated with the correct version of software and stocks opened at 9:30am. However, the update to the gateways caused additional communication issues between the gateways and trading units, which began to manifest themselves mid-morning. At 11:09am, NYSE issued a Market Status message that a technical issue was being investigated. At 11:32am, because NYSE and NYSE MKT were actively trading but customers were still reporting unusual system behavior, the decision was made to suspend trading on NYSE and NYSE MKT. NYSE ARCA, Arca Options and NYSE AMEX Options were not impacted by this event and continued to trade normally.
NYSE and NYSE MKT began the process of canceling all open orders, working with customers to reconcile orders and trades, restarting all customer gateways and failing over to back-up trading units located in our Mahwah, NJ datacenter so trading could be resumed in a normal state. In consultation with regulators and industry, we determined that we would implement a complete restart and that NYSE MKT primary listings would resume trading at 3:05pm and NYSE primary listings and NYSE MKT Tape C symbols would resume trading at 3:10pm. Trading resumed as scheduled and the closing auctions accepted orders and executed normally. All NYSE and NYSE-MKT listed securities traded for the entire day either on NYSE and NYSE MKT or other market centers.
Odd: no mention of what CEO Farley told Bloomberg TV as to why there was no rollover to the NYSE backup system: "we chose the least disruptive option for customers. So if we had moved to our Disaster Recovery Center, which was an option, customers would have had to do a good deal of work to be able connect to that new Disaster Recovery Center."
So, as we noted yesterday, the NYSE has a disaster recovery center which they choose not to use because it is an inconvenience to clients who would rather be unable to trade for over 3 hours.
Gotcha.
As for software upgrades and, of course, "glitches", always being the cause of historic market events: funny how these always take place on major market down days.
Then again, as we also said yesterday, in the grand scheme of things the NYSE hasn't mattered in a while:
In fact, the only "program" that does matter in this centrally-planned market is the CME's CBIP or Central Bank Incentive Program: lose that and things may not be as generally "calm" as they were yesterday,
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More Skullfuckery.
...and, you can keep your own doctor
capitalism takes a break, maybe not such a bad thing?
I smell the strong stench of BULLSHIT!
Fitting that all this was caused by UpgrayeDD.
pods
Baffle'em with bullshit.
Of course, the timing is purely coincidental. "Software upgrades" could mean anything, as in going offline for plunge protection. There's your software upgrade in the midst of zero evidence to substantiate the "official" release.
The tribe is so good at their lies
They never tell us the truth about anything, and they certainly would never admit to being hacked by the Chinese because that portends weakness.
It's all about keeping up appearances to the donkeys they rule over.
2 "Ds" for a double dose of this pimpin...
"capitalism takes a break, maybe not such a bad thing"
Capitalism has been on break for far longer than one 3 hour period. In fact, its been on break for so long, its dead.
Really?
Did I miss it, or are corporations now passing out equity shares "fairly" so that no one makes a profit by buying or selling?
After 15+ years in the corporate world (Fortune 500 company) as a systems analyst/architect, this "explanation" is pure, 100% hogwash.
Is he like an art dealer or somethin'?
He's Obama's 'manager'...
+1 Make that the United Airlines, New York Stock Exchange, Wall Street Journal, Zerohedge and who else? simultaneous GLITCH!!
http://map.norsecorp.com/
"...Make that the United Airlines, New York Stock Exchange, Wall Street Journal, Zerohedge and who else?..
A German SAM site?
Hackers take over Patriot missile battery in southern Turkey
PressTV - July 8, 2015
So, we can look for the passenger airliner shootdown over Southern Turkey, which will give the Turkish troops massed on the Syrian border causus belli to invade Syria. Mostly to save their JAN and ISIS mercenaries that are getting their ass kicked and about to lose Aleppo. Time to throw those used-up stooges under the bus - sorry ISIS.
I suppose they could shoot down one of the occasional passenger airliners that transit Syria itself. Israel could always load up one of their fake airliners with dead Gazan children (there's plenty) and claim it was Israeli citizens.
Kobane makes sense now - the agreement with the evil U.S. must have been that the Rojava Kurds will be immune from Turkish attack in any Syrian territory they control. The Turks would just as soon kill all Kurds (and will if they ever have the chance) but for now, they have to tread lightly because Uncle Sugar would get mad.
Israeli's JAN lackeys in Northern Golan are also getting their asses handed to them, so I would expect either an Israeli attack, or more likely a Jordanian ground attack backed by Israeli missiles. Either way, the Israelis want another 20-mile buffer beyond the UNDOF buffer land protecting their other stolen land in Syria and Lebanon. Israel is a giant real estate aquisition scheme.
This will not be billed as an attack on Syria, but an attack on ISIS. I guess for the fake airliner shoot-down with a 'hacked' German patriot in the current scenario. The exact method is irrelevant - it may be something completely different. It WILL happen in the next month or two and a false-flag will start it. They got nothing else.
Has Germany's Patriot missile system been hacked?
DW 8.7.2015
Summary: German Defense Ministry strenuously denies and suggests DW not write about it, but original source, Behoerden-Spiegel, insists as reported.
Total bullshit, used to work in IT/market/finance, these "upgrades" are well planned and network setting and configurations for new software are tested and information distributed to all involved.
At least China told it how it was: We will kick your ass and throw you in jail if you sell and further crash the game.
Others decided to blame a software update rather than see the cough... cough... market crash.
There are no "markets" left, just interventions.
Public beta?
There's some capitalism going on some place? Do tell?
....and unemployment is 5.3%
Software upgrade? You mean someone hit "Yes" to their McAffee notice?
Or, one of their 500 daily Java notices. Fucking Java. How about an update a month. Instead of a dozen per day.
It took them 3.5.hours to roll back a limited upgrade??
Riiiiiiiiiiiiiiiigggggggggggggggghhhhhhhhhhhhhhhhttttttttt!!!!!!!!!!!!!!!
Damn Windows always crashes at the worst times lol
"the NYSE has a disaster recovery center which they choose not to use because it is an inconvenience to clients who would rather be unable to trade for over 3 hours."
Thanks for the laugh NYSE!
Not a very good disaster recovery plan if all of your customers have to reconfigure their systems to accomodate.
Yeah, and that fuckan dog keeps eating my homework too.
H1B imports don't know what the University can't teach.
The university doesn't employ the people who invented this stuff, but only those who observed them.
The people who invented this stuff are the ones you fired to hire Mr H1B.
Mr Invented-That-Shit is going to ask a premium to come out of retirement and fix what would never have broken were he still at his desk.
Mr H1b won't be so cost competetive then.
Generally, the H1B doesn't know what the University does teach, either.
Orientation for new Chindian hires: This is a bathroom. You sit on this white thing called a toilet. This lever flushes it.
And what do I do while sitting on this toilet?
Tech support.
Don't be stupid, you bill your client. YOU ALWAYS BILL THE CLIENT
How did you figure out it wa the fault of an H1b, you racist?
The first rule of combating a cyber-attack is to deny it is a cyberattack.
<Cough> <Cough> <Bullshit> <Cough>
The bullshit part deserve caps, bold, underline, and numerous exclamation points because of the true bullshittery of it.
the squid had a losing trade so they shut it down
Best, simplest, most succinct explanation so far. It's true, the house always wins.
It's like they went full reverse "Duke Brothers". TURN THOSE MACHINES OFF!
Chinese officials are considering this same "software upgrade" as a quick means to halt their collapsing market....upgrades would occur on any day that the market was dropping.....
the HFTs likely ate it alive......
la, la, la, la,.....
BULLSHIT!
"Oh, and one more thing, margin calls on Chinese investors meant they tried to liquidate their BABA, and we just couldn't have that."
Why did WWIII break out? Software upgrade which launched all the missiles. LOlz
United Airlines and WSJ must also have been doing major updates yesterday that went snafu all at the same time. Not buying that.
And don't forget the ZH updates, similarly scheduled.
Some AM outlets are saying that Anonymous posted a tweet the previous evening predicting a bad day for Wall Street.
That's akin to predicting the sky will be blue on that day too.
:)
because it was obvious the tribe was going to lose money - if you've got some actual data in your hands
Even Megyn Kunty of Fox News said she had that "spinning rainbow ball thingy" on her iphone all day.
Yeah, and nineteen cave dwelling hijackers are responsible for knocking down the twin towers too. "Official" narratives crack me up.
I've seen it a million times. A group of people vastly out number attackers, but they have 1 inch blades. Curl up in fetal position everytime. I would rather go out in flames than remove a bandaid.
And building 7 and blowing a hole in the pentagon.
Today's Thursday. If they can just keep spinning the laughable official explanantion until the markets close tomorrow, the whole thing will be down the rabbit hole and forgotten by Monday.
yeah, ok... i totally buy that
I would be even more worried after hearing that.
We locked some folks out of their portfolios ...
Anyone think to do this over the weekend, no?
Complete horseshit, of course.
http://www.independent.co.uk/life-style/gadgets-and-tech/news/nyse-hacke...
But ...
http://time.com/3949834/nyse-down-stock-exchange-anonymous/
We would easily believe the switchman was getting a hummer by a bucket boy from the late night Nicarauguan cleaning crew....but no, you had to go all poindexter and blame it on sunspots..
Ok show us the deployment email orders that went out to coordinate the deployment.
Good point atlasRocked!
Maybe the HFT crowd doesn't have their ultrafast connections to the backup facility, and they wouldn't allow a failover. That I could believe over changing to the other site being too difficult for the other traders.
What was the name of the software company?
ACME Consulting, they sell Widget software services according to the fictional situation in the textbook.
Pretty sure it was Hu Flung Pu Software, LTD.
How does that explain UAL and ZH also down at the same time?
The White House assured us they are confident the incidences are completely unrelated.
So they really are all related...
The Internet is more controlled than we imagined. It’s one big VM in Hillary’s shed.
We must always "endeavor to persevere".
Funny how those software upgrades always happen when foreign exchanges are in a full panic......
If you ever get the impression that your money will get put on lockdown in the next collapse of even a mere 2%? Don't worry it will be.
...and this outage has nothing to do with the B3 being deployed to Turkey. I will not take any questions on the B3, sorry for even bringing that up.
the chinese threat map.... arch neocon and hubby of Victoria Nuland Fred "Israel First" Kagan... and Norse Corporation {creator of the China-did-it threat map}
http://rightweb.irc-online.org/profile/Kagan_Frederick
[is there anyone with a more punchable face???]
http://www.aei.org/events/honeypots-and-sticky-fingers-the-electronic-tr...
Iran is the big hacking threat.
Pay no attention to the massive Israeli espionage in the US .gov and Silicon Valley - home to about 20k Israelis... clearly Israel would never, ever hack American systems...
Why, we never hear about Israeli hacking, so it must not happen, right??
http://www.norse-corp.com/about-us/who-we-are/index.html
http://sluent25.net/sam-glines/
Think Sam might be a Zionist?
http://kuer.org/post/experts-divided-over-irans-cyberactivity-start-nucl...
All the world's a stage...
The MSM media spent more time yesterday telling us it wasnt a cyber attack than on any of the other news of the day.
It's great to be lied to over and over again!
Only invest (relinquish control of) money you can afford to do without.
Once the market finally seizes, we’ll all be paid. It just may take 100 years before we get a check.
Wouldn't it been smarter to wait until after close on friday then update and test their shit? Fools....
Nah, do all development and testing right on the production systems, it's called "DevOps" and it's all the rage.
LMAO...too funny. Sometimes that is often the harsh reality in small environments that have no sand boxes, no budget, and no sense. I work in IT and the running joke on whatever project is being worked on is "this will be totally seamless"
Also a lot of bleeding edge Internet startups are all about DevOps. I mean why not, when all you're doing is showing kitten videos and matching ads to eyeballs, it's not like anybody is auditing you.
You just might find that a lot of the biggies like Yahoo and Google are into this too, when you have 100,000 production systems and it takes a month to update them all, wtf if you kill fifty or a hundred?
but... but... chinese hackers, russian hackers, north korea...
Keep going... remember where it went with Sony? Inside job to promote a bomb of a movie.
And it was offered free on Netflix/Amazon Prime about a week later anyway.
Oh, well, if it followed standard practice, then, um, yeah ok fine.
I wonder if software "upgrades" are normally done during business hours? Sounds like BS explanation.
As an IT Project Manager, which deals specifically with Data Centers, the NYSE explanation is complete BS.
+++ any computer tech worth a penny more than an H1B salary knows that!
The H1B staff @ NYSE is most probably the cause behind the breach.
Doesn't take an IT expert to figure out this is complete bull. Seriously, couldn't they come up with something better?! "Software upgrade" LMAO, what are they taking people for - complete idiots?
Audit the business impact assessment, disaster recovery plan and crisis management plan please.
Audit?
Ha ha ha ha ha ha ha ha ha
Someone or some gubernment, wanted to off-load a bunch of JPM stock. Guess they were Cock-Blocked...
*ring*
Hello, Bath House here.
Barry, it's Jamie! You gotta shut down the market! We gotta move some stuff before the open!
No problem, I'll let Joe push the button. He likes the strobe light that goes with it.
Whew! Thanks, bud!
Anytime.
NYSE was installing the new "Hyper Print" function for the connection to the FED.
Instead of CTL-ALT-PRINT they hit CTL-ALT-DELETE.
Servers rebooted and all is well! Move along...
Is the NYSE run by the same idiots that run OPM or IRS?
IMO it was to disconnect any China HFT collusion.
This is all so... plausible?
They lie about everything. Why would they lie about this?
Liberty is a demand. Tyranny is submission.
Software upgrades are smoketested and ususally performed over the weekends. Bullshit.
and usually thoroughly tested in a Dev platform first
I mean unless one doesnt have the money to have a dev area, but we all know damned well they have that money x a million
I worked in a Wall St Bank IT before. Minor upgrades are allowed only at night. Major upgades are allowed only on weekends.
Any current operation that is in business to actually make a profit does this, never ever upgrade during operating hours. Plan a shutdown if you have to, but you never stop production. Same for filling soda bottles as it is for a trading desk.
Queue the hapless H1b that's going to get blamed for this: Hello, I am Ashkar from Mumbai.
Yep, it is true.
On the west coast at 6:30am everything had better be up and running, no excuses tolerated. No upgrades were ever done before or during market hours. Ever.
Any upgrade was always tested at night, and run on a separate small development network. Never the active trading floor.
The trading floor was broken up into 4 segments and any upgrade even after it passed the isolated server, was only rolled out to one segment for a week or so. And the least used segment, Never OTC, Muni or Corporates.
Look at detail the CME went into over a Leap Second. One Second, and it wasn't even during regular trading hours:
http://www.cmegroup.com/tools-information/lookups/advisories/electronic-...
So the NYSE would have you believe that they had a "glitch" as the morons on CNBC called it. It wasn't a "glitch", it was a massive system wide failure.
Welcome to the Matrix.
Errr, it was a massive intervention on the NYSE to prevent a melt-down, IMO.
NYSE techs better check their A-Plus certification!
Software engineers forgot to say, "Ba da boom, Ba da bing", before activating the new software....This is a crucial MAJOR step that they forgot...
The NYSE must have a parallel system, a back up...
this tale just doesn't make sense, and too many things happened at the same time.
https://investmentwatchblog.com/ceo-nyse-shutdown-probably-a-cyberattack...
Who knows, but where we are is anything like this blamed on Iran, China or Russia is just as, perhaps more likely, to be an "inside job."
In this case - maybe too many sell orders coming from Asia, eh???
Next stop, the Fed with a side trip to at least one mobile network...
Damn if feels good to be a gansta..
*Ring*
Hello, Janet here.
Bath House here, Ms Yellen. That 'software glitch' is great!
Thank you, sir/madam. We can use it for quite a few scenarios.
Well, keep up the good work. I need time to smuggle moar ISIL cells into the country.
Sir, I can't delay the Reset forever...
Just a few moar months, Janet! Soon we hope to activate the ISIL cells and finish training our Black Panther cadres.
Tel Aviv will be pleased, mr pResident!
LIE
Ok we buy all these BS, so most of the western nation were upgrading their softwares, in Paris the Metro was down, in London the tube was down, and even in New York was the underground down, are kidding me!
This is my theory of what happened.
China was right, the USA was making the Chinese market go down by massive selling (US was trying to disrupt the BRICS meeting yesterday) . So the chinese hackers decided to get back at the US by hacking United airways, WSJ and New York stock exchange.
The US promised to stop making china go down in return for the chinese stopping the hacking of the US sites.
A Software Rollout?
During business hours?
Bullshit. Not done.
If it were done, these people would be far too stupid to trust with your money.
It could not have been CIM, nor creampie, release. Those releases are rarely problematic.
It must be a type of release I'm not aware of.
Ha, ha, ha! Do I have "stupid" witten on my forehead???