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Published On: Fri, Jul 10th, 2015

NYSE blames ‘outage’ on ‘software update,’ denies hackers Anonymous role

The NYSE is blaming a software release for the blackout at the New York Stock Exchange on Wednesday, which halted trading for approximately 4 hours.

According to an update on the NYSE’s website, this was a “configuration issue.” A cyber attack was feared after the hacker group Anonymous posted this on Twitter hours before the stock exchange halted.

Wonder if tomorrow is going to be bad for Wall Street…. we can only hope.

— Anonymous (@YourAnonNews) July 8, 2015

The Department of Homeland Security told CNN that there is “no sign of malicious activity” at the NYSE or with an earlier outage experienced by United Airlines. The FBI says it reached out to NYSE and “no further law enforcement action is needed at this time.”

Here’s the full statement:

Anonymous logo“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.”

Anonymous hackers

Anonymous hackers

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About the Author

- Writer and Co-Founder of The Global Dispatch, Brandon has been covering news, offering commentary for years, beginning professionally in 2003 on Crazed Fanboy before expanding into other blogs and sites. Appearing on several radio shows, Brandon has hosted Dispatch Radio, written his first novel (The Rise of the Templar) and completed the three years Global University program in Ministerial Studies to be a pastor. To Contact Brandon email [email protected] ATTN: BRANDON

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  1. Nicholas Bilaczenko says:

    Nicholas Bilaczenko
    4 minutes ago
    The exchange of information over the internet relies on telecommunication copper line infrastructure,Alexander Graham Bell the inventory of the telephone never intended the telephone to be used as processing financial transactions, The NYSE computer trading systems in principle are no different to the home personal computer[PC] the inherent flaw with internet technology is electronic financial data travels and with 100/s of millions of financial transactions occurring each day inevitably 2 or more electronic financial transaction instructions [Buy and Sell market Orders] meet simultaneously at the junction of a chip set for processing, both instructions are incorrectly processed at the same time instead of each transaction being processed separately resulting in corrupt financial transactions of financial detriment to the general public.When I say electronic financial instructions travel over copper line telecommunications it is a generalization because fiber optic is replacing copper line.The Financial markets have always been unregulated or rather self regulated creating an avenue for experimental internet technologies to be imposed upon the general public, 2 different internet technologies Dial up and Broadband of 2 different incompatible band width frequencies within a computer system that have never been tried and tested for flaws, faults and integrity of systems because of exchanges and member stock brokers never tried this experimental internet technology when 1st imposed on the general public in 1998/2000. The author refers to as revenue raising experiment or Faulty Consumer Product.Of course the stock exchanges there is no financial loss to the exchanges and member stock brokers because there revenue income is derived from trade commission fees and rents and revenue is not effected by there own electronic share trading system platform malfunctions. When I 1st started researching for the cause of flawed internet computer technology taking 100’s of screen snap shots and later producing videos of electronic share trading systems malfunctions that produce corrupt financial transactions of financial detriment upon the general public over the last 8 years the amounts involved have exponentially increased, for instance there was US Knight Capital $480 million loss, QBE a blue chip trading in Aust, trading at $20.20 seconds trading at 2 cents wiping of $20.2 billion of investors portfolio value. Facebook IPO In Tokyo Exchange in Nov 2014 a $618 billion error.in Canada exchange 100’s of stocks were trading simultaneously at the wrong share prices.IN Oct 2015 JP Morgan Chase reported possible security breach to 76 million household and 7 million small business banking accounts. All global stock exchanges since 1998/2000 since implementing experimental internet computer technology have repeatedly crashed, a computer term for major outage. Flawed internet computer technology is not solely used all major global stock exchange but as the banks own the stock brokers in the business of equity dealing Banks share the same identical flawed internet computer technology, aviation flight centers, national shipping and I believe defense force computerized tracking and other commercial applications that at times can effect the general public nationwide and coupled together with other events can bring about the complete collapse of any nations financial systems.There are numerous variation of technical problem. glitches, irregularity,anomalies, gremlins or what ever word the reader wishes to use for inherent flawed computer technology that produce corrupt financial transactions of financial detriment upon the general public. The NYSE outage is likely cause by a electronic surge or split second outage, with live steaming electronic data major Stock exchanges cannot be restarted unless the whole financial market [Stock broker feed] is switched off.
    Take care, matross

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