Spain's Stock Exchange Has Been Halted For Over 4 Hours Due To "Technical Glitch"

Tyler Durden's picture

Update: IBEX resumes for trade with a nearly 5 hour delay, last seen higher at 1.68%. We can only hope the Knight algo is not to blame for yet another round of headless chicken buying.

Last week it was Knight, today it is the Spanish stock market. Following a halt for a "technical glitch" just after 4 am Eastern time, Spain's stock exchange, the IBEX, is still not trading as of this posting. So how will Spain and the ECB declare victory if they are unable to demonstrate the daily ramp in Spanish stocks (where shorting financials is once again forbidden.... because Europe continues to be "fixed").

From MarketWatch:

The Spanish stock exchange was halted Monday morning due to a technical glitch, according to a spokesman for operator Bolsas y Mercados Espanoles SA . The spokesman did not give a time for the resumption of trade nor specify the nature of the glitch. The market has been halted since 10 a.m. Central European Time. The Spanish IBEX 35 index was trading up 0.25% just ahead of the halt

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GetZeeGold's picture



OK....nobody move.


Oh......the solar panels just gave out again. As soon as the clouds go away we'll be back up.


Haager's picture

I love that one ->clouds<-...

So, IBEX will stay closed over the - lets say -  5 following years?

BandGap's picture

Most excellent, my friend.

This is really all very hilarious, actually. Like your alcoholic "Uncle Bob" who misses work frequently becuase he has "medical issues".

monkeyboy's picture

The house always wins!

magpie's picture

Warum Sie ihre Stocken verkaufen ? Nein, nein, nein !

Haager's picture

Stocks-> Anteile, Aktien

Sticks-> Stöcke, Stäbe.

magpie's picture

Niemand glauben Draghi Heil machen Banken leer ?

agent default's picture

You really need to work on your German.

magpie's picture

It's supposed to be fake, a parody of an Italian soccer coach btw...'Was erlauben Merkel etc'

And it's hardly suprising that the feed was corrupted after the initial spike failed, and it headed back down.

MillionDollarBoner_'s picture

"Alles sein Geld ist belongen zu uns"

There, fixed it for ya ;o)

Haager's picture

Indices on forexpro kept moving, wtf? Deceiving-tactics?

Satan's picture


" The price is whatever we tell you the price is...Muppet "!

scatterbrains's picture

Remember the stories about the old horse betting parlors and the time delayed radio play by play ?  but.. but I just got the super duper really fast processor upgrade on my computer!  wtf!??

dvsteenk's picture

i noticed at the end of last week that indices and futures on ForexPro were suddenly delayed by over 2 minutes, while normally they are refreshed at 10-15 second intervals

malikai's picture

It's the exchange. They will bust every trade. There will be no bankruptcy here, except for the host country.

buzzsaw99's picture

you hear that mr. anderson? that is the sound of inevitability. [/agent smith]

Rainman's picture

kudos ! sucks I can only green you once.

LeisureSmith's picture

Did it just start trading again? I'm seeing up 1,7pct

resurger's picture


DutchDude's picture

Nothing to see here, carry on...

B*tch please; who's still buying this algo-rigged casino game anyways?

fxrxexexdxoxmx's picture

there will be many more of these technical glithes. they are conditioning the masses.. cry wolf enough and a geniune crisis will be ignored till it only benefits those who control the game

101 years and counting's picture

So, the lack of shorts to squeeze now qualifies as a technical glitch?  Pathetic.

Dr. Engali's picture

Technical glitch translation...people are selling.

Haager's picture

The glitch is only for sellers. Buyers are welcome...

francis_sawyer's picture

I was waiting 4 it, but... OK... I'll fucking go ahead & say it...


CheapBastard's picture

My check once bounced due to "a technical glitch."   They called it "no money" back then.

i-dog's picture

If they send your check back marked "Insufficient Funds", then change to a bank that does have sufficient funds!

Money 4 Nothing's picture

Technical Glitch = must have liquidity in said market before you flip the switch on.

Iam_Silverman's picture

"Technical Glitch = must have liquidity in said market before you flip the switch on."

Good point.  So, if they need liquidity, I guess that we should hook them up with some of our HFT bots to really stir up the money flow?  Call Goldman, NOW!

combatsnoopy's picture

First it was Knight Capital.  Then Tokyo just a few hours ago.  Then Spain.  The butterfinger slips are happening too close to eachother- and somehow QE and TARP made this all possible on light volume.  


Svendblaaskaeg's picture

A glitch in the Matrix. It happens when they change something

Meesohaawnee's picture

i think because the algos and ben's algos got crossed up  on what they programmed the finish is to be today.. shit happens

Fubared's picture

Looks like they have some troubles and cant even post on the web properly.



Michelle's picture

HFT, Algos, Fat Fingers??? Seriously, we're not that dumb! Somebody or some group is behind all these nefarious acts and there are just too many of them that it is becoming painfully obvious what the ultimate goal will be.

LeisureSmith's picture

So, is this a rim-job or a ramp-job? Can't remember which is which.

Svendblaaskaeg's picture

a rim-job is just target practice

LawsofPhysics's picture

This is what happens when you allow people to sell. LMFAO!!  All your 401k is belong to us.  Let me guess, no-one will be allowed to "cash-out" until dead.  Atlas continues to shrug.

LouisDega's picture

I just woke up and pinched a loaf. Are the futures up?

HD's picture

It's never a "glitch" when the market explodes up...

insanelysane's picture

An honest trading algo is a simple piece of computer code.  All of these "technical" glitches makes me think that the code contains a bunch of special features for the bankstas.

Conrad Murray's picture

“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways.” - Assistant U.S. Attorney Joseph Facciponti, regarding Squid Code during the Aleynikov incident

HD's picture

Special code:


  10  LIE

  20  CHEAT

  30  STEAL




 70   GO TO 10

fuu's picture

That code is much too basic.

HD's picture

Agreed...but my Fortran is rusty.

fuu's picture

You could have coboled something together I am sure.

GetZeeGold's picture



C......I know knew he could do it.


fuu's picture

So much smalltalk back and forth.

jcamargo's picture

The glitch was so positive to the IBEX. Maybe they should make it last for the whole year.