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TD Ameritrade Breaks, Experiencing "Widespread Order-Routing" Problems

Tyler Durden's picture




 

We already know that markets and exchanges only break on downdays. So does that mean that on days in which algos are indescriminatly buying ES as follow through from China's stock market manipulation and Greece's "hopes" for can kicking, investors are safe? Nope, as one of the most popular online discount brokers found out moments ago:

  • TD AMERITRADE EXPERIENCING "WIDESPREAD" ORDER-ROUTING PROBLEMS - OFFICE OF PRESIDENT: RTRS
  • TD AMERITRADE SAYS EVEN ORDERS THAT WERE ACCEPTED ARE STALLED

Were some TDA traders maliciously selling China stocks overnight one wonders, or did Ameritrade also decide to do a "software update" in the middle of the trading day?

At least the broader market is up for now. If, however, there is an "unexpected" German "nein" headline, keep an eye on those "self-help" messages...

 

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Fri, 07/10/2015 - 10:13 | 6295102 Jlasoon
Jlasoon's picture

Router upgrade?

 

Fri, 07/10/2015 - 10:24 | 6295172 CrazyCooter
CrazyCooter's picture

Isn't this SOP for dealing with the unwashed retail masses? I am sure the insiders get to sell into the PPT ramp, but they can't have retail in the way while they dump.

Hahaha ... I wish this shit would crash and burn, but it won't any time soon ... maybe after the next election for El Presedente.

Regards,

Cooter

Fri, 07/10/2015 - 10:43 | 6295223 clooney_art
clooney_art's picture

Can't keep up with all the BTFD buy orders, I see.

 

It could also be an issue with Red Hat Linux OS being used in both NYSE and most brokerage firms including TD Ameritrade.

 

The NYSE glitch was due to a bug in RHEL. Suspicious that TD Ameritrade is having issues today.

Fri, 07/10/2015 - 13:46 | 6296063 SWRichmond
SWRichmond's picture

Ground Control to Major Tom
Your circuit's dead,
there's something wrong
Can you hear me, Major Tom?
Can you hear me, Major Tom?
Can you hear me, Major Tom?
Can you....

Here am I floating
round my tin can
Far above the Moon
Planet Earth is blue
And there's nothing I can do.

Fri, 07/10/2015 - 10:46 | 6295283 Bush Baby
Bush Baby's picture

Maybe the Chinese Government is on to something

Arrest these Evil Doers!@

Fri, 07/10/2015 - 13:58 | 6296122 RaceToTheBottom
RaceToTheBottom's picture

"Hi, this is Wendy from Creverand.  What can I be herping you to do today?"

Fri, 07/10/2015 - 13:45 | 6296062 Absolute Truth
Absolute Truth's picture

Absolutely not. Everything is OK because I heard just yesterday that the FBI has vetted all possibilities and any conspiracy theory is illegitimate. They said on the news that it was a mere coincidence. Y'all can't tell me everything is a conspiracy...
/sarc

-Gene Rosen

Fri, 07/10/2015 - 10:27 | 6295181 junction
junction's picture

More "kludge" work by the federal government testing out some new system to take control of the market.  When a thief has information on a credit card, normally the thief makes a few small test purchases to see if the buys are unnoticed by card company security.  Something similar seems to be happening now.  If that is the situation, the "big one," where there is a massive ripoff using the "tailored" malware, could happen at any time.  Probably during a major bank and business holiday in the country targeted.

Fri, 07/10/2015 - 10:26 | 6295183 SHEEPFUKKER
SHEEPFUKKER's picture

I blame the day trade baby

Fri, 07/10/2015 - 10:35 | 6295229 Slomotrainwreck
Slomotrainwreck's picture

Router upgrade?

 

Is it possible that US Corporations have the wrong kind of routers? .. The ones with back doors? hmmm?

Fri, 07/10/2015 - 11:41 | 6295497 clade7
clade7's picture

Unconceivable!

I hope the scratchoff reader machine down at the Stop N' Rob dont go down...I'm all out of beer on a Friday and sitting on a few $3 dollar winners! 

Fri, 07/10/2015 - 10:51 | 6295305 Pig Circus
Pig Circus's picture

I believe they are swamped with sell orders which is also the reason I believe the NYSE shut down 2 days ago. No proof just my belief.

Fri, 07/10/2015 - 10:13 | 6295103 order66
order66's picture

Translation: "The HFT dark pool we sell all of our retail order flow to is having trouble ripping off our customers".

Fri, 07/10/2015 - 10:52 | 6295312 J Jason Djfmam
J Jason Djfmam's picture

I am laughing loud enough that others would hear it if they were here.

Fri, 07/10/2015 - 10:13 | 6295104 q99x2
q99x2's picture

Markets are too critical to operations to allow the retail inverstor to be part of them.

Fri, 07/10/2015 - 10:13 | 6295105 Theta_Burn
Theta_Burn's picture

Anyone monitoring the Norse map?

Fri, 07/10/2015 - 10:20 | 6295151 chunga
chunga's picture

I don't know how this thing gets populated but I do know it slows my muppet line down to a crawl.

http://map.norsecorp.com/

Fri, 07/10/2015 - 10:29 | 6295204 stant
stant's picture

That Nigerian dude is busy, ill check my spam

Fri, 07/10/2015 - 10:13 | 6295108 aliki
aliki's picture

im going to see the future here. it was due to a computer glitch in a new software build they were rolling-out.

Fri, 07/10/2015 - 10:16 | 6295123 PrayingMantis
PrayingMantis's picture

 

 

... quick, Aladdin, where's the lamp ...

Fri, 07/10/2015 - 10:16 | 6295127 HowardBeale
HowardBeale's picture

If you can't jail 'em for selling, shut the system. "Long" is going = stupid real soon.

 

Fri, 07/10/2015 - 10:17 | 6295132 JJdog
JJdog's picture

I think they are upgrading their computer screens, will halt trading till Monday! The fat CNBC trader told us so. 

Fri, 07/10/2015 - 10:23 | 6295137 Dr. Engali
Dr. Engali's picture

Unplug it and wait ten seconds. If that doesn't work we will be there between the hours of 8:00am and  4:00pm next Tuesday to Fix the problem.

Fri, 07/10/2015 - 11:05 | 6295353 NoTTD
NoTTD's picture

There's plenty of internet in Calaforny.

Fri, 07/10/2015 - 12:06 | 6295602 J Jason Djfmam
J Jason Djfmam's picture

Better yet, unplug it for ten days.

 

Fri, 07/10/2015 - 10:17 | 6295139 Son of Loki
Son of Loki's picture

"glitch"

Fri, 07/10/2015 - 10:19 | 6295148 jonjon831983
jonjon831983's picture

On the Monday after Greek referendum online brokers were laggy.  Choppy weeks

Fri, 07/10/2015 - 10:20 | 6295154 Lokking4AnEdge
Lokking4AnEdge's picture

It is back up running ok now

Fri, 07/10/2015 - 10:21 | 6295160 WillyGroper
WillyGroper's picture

Fire, fire, fire in the theater.

Fri, 07/10/2015 - 10:21 | 6295162 Downtoolong
Downtoolong's picture

I smell another hacking.

We'll know for sure when we start hearing about orders to sell XOM somehow magically being converted into  purchases of the SHCOMP index.

Fri, 07/10/2015 - 10:27 | 6295192 stant
stant's picture

E trade baby is next

Fri, 07/10/2015 - 10:36 | 6295239 HowardBeale
HowardBeale's picture

Closed account. Everyone should.

Fri, 07/10/2015 - 10:30 | 6295209 Seasmoke
Seasmoke's picture

When milliseconds count. Your trade is only an hour away. 

Fri, 07/10/2015 - 10:32 | 6295219 orangegeek
orangegeek's picture

Crash prevention team strikes again.

 

FUCK YOU YELLEN!!!

Fri, 07/10/2015 - 10:45 | 6295279 ebworthen
ebworthen's picture

Yeah, the NYSE doing a software update in the middle of the trading day stunk to high heaven.

NOBODY in the I.T. business updates anything at the peak of activity, that's what 2:00 a.m. is for.

Fri, 07/10/2015 - 10:56 | 6295323 J Jason Djfmam
J Jason Djfmam's picture

At least ZH still works!

Fri, 07/10/2015 - 10:49 | 6295294 ArgentDawn
ArgentDawn's picture

Gotta stop those Chinese revenge trades. Pull the plug when the order comes through! America, fuck yeah

Fri, 07/10/2015 - 10:50 | 6295298 CHC
CHC's picture

"Do not touch the dial, there is nothing wrong.  We control everything."

Fri, 07/10/2015 - 10:54 | 6295320 J Jason Djfmam
J Jason Djfmam's picture

"There is nothing wrong with your ticker tape machine".

"Do not adjust your set".

Fri, 07/10/2015 - 10:51 | 6295306 Omega_Man
Omega_Man's picture

should read all the sell orders were broken

Fri, 07/10/2015 - 10:53 | 6295315 Duc888
Duc888's picture

Apparently we're being attacked by a shitload of pink beachballs,

China looks pissed.... as does France.

http://www.digitalattackmap.com/#anim=1&color=0&country=ALL&list=0&time=...

Fri, 07/10/2015 - 11:26 | 6295447 RealistDuJour
RealistDuJour's picture

Way better hacktrack site than even Zero posted just the other day.  It answers the volume question.  There was NOTHING OUT OF THE ORDINARY when everything crashed!  Hackers apparently love Christmas-time and New Years.

Fri, 07/10/2015 - 11:24 | 6295437 Hongcha
Hongcha's picture

I filled a premarket order this morning without difficulty.  TDA requires a limit order for premarket and mine was filled instantly.

Fri, 07/10/2015 - 11:44 | 6295509 Chippewa Partners
Chippewa Partners's picture

When money managers start demanding all their retail client orders go to IEX things might improve.    Unfortunately don't hold your breath.

Fri, 07/10/2015 - 12:54 | 6295834 wwxx
wwxx's picture

Ahhhhhhh 'technologies'.....the same reason I won't use real money to play poker online.

 

wwxx

Fri, 07/10/2015 - 12:54 | 6295836 wwxx
wwxx's picture

Ahhhhhhh 'technologies'.....the same reason I won't use real money to play poker online.

 

wwxx

Fri, 07/10/2015 - 13:52 | 6296094 Chuck Knoblauch
Chuck Knoblauch's picture

Stick'em up!

This is a bank robbery.

Fri, 07/10/2015 - 14:32 | 6296266 redd_green
redd_green's picture

Maybe its just a fuse?  Anybody check the fuse box?  Who put a nickel in the fuse!

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