NYSE floor trading halted; no sign of cyberattack

a reply to: babybunnies

In my opinion (and some close friends of mine that work in finance) that is the scarier possibility.

Very interesting that the stock market has a huge outage on a day when it drops nearly 300 points and combined with news out of China and Greece, should have gone MUCH lower.

My guess is TPTB took it offline deliberately.

The system is quite a bit more robust than the average computer network, not buying the "technical glitch" excuse, it's been digital for over 20 years. You don't get glitches after 20 years of stability on essential systems.

a reply to: babybunnies

I hear you. I really doubt some guy pressed a few wrong buttons or a server overheated.

a reply to: StargateSG7

absolutely, and you are right to have those backups, modem (if needed) and extra router, backup laptop, backup hard drive that you can switch out( a few screws along with a data cable, and power plug)...even a laymen could be shown how to do this in ten minutes.....this isn't rocket science....if you are going to buy a laptop, always make sure it has a removable hard drive and backup along with a backup battery...don't depend on the "cloud"

originally posted by: khnum
America home of free markets and capitalism ROFLMAO

no such thing as a free market, that has been a lie all along....that's like southern white people saying that there is no racism in the south anymore.....

a reply to: jimmyx

I'd rather depend on servers having physical raid controllers stored in datacenters than single portable hard drives that could fail at any second.

Boiling down cloud, seeing what remains, depending on application, and needs, sometimes is superior (othertimes far too much monies and hassle).

I am going with an install of some new software that optimizes some trading firms ability to make money before everyone else. It had an unforeseen effect like running amuck or working too well.

I bet there is more at play than just a simple gateway issue. Is it pure coincidence that China is having the worst month for stocks in years as well?

I wonder if there has been an economic attack on China from the USA and China has just retaliated? Since tensions have been higher between our countries recently it makes you wonder if there is some economic warfare going on.

Powerful computers, some housed right next to the machines that drive marketplaces like the New York Stock Exchange, enable high-frequency traders to transmit millions of orders at lightning speed and, their detractors contend, reap billions at everyone else’s expense.

These systems are so fast they can outsmart or outrun other investors, humans and computers alike. And after growing in the shadows for years, they are generating lots of talk.

Nearly everyone on Wall Street is wondering how hedge funds and large banks like Goldman Sachs are making so much money so soon after the financial system nearly collapsed. High-frequency trading is one answer.

And when a former Goldman Sachs programmer was accused this month of stealing secret computer codes — software that a federal prosecutor said could “manipulate markets in unfair ways” — it only added to the mystery. Goldman acknowledges that it profits from high-frequency trading, but disputes that it has an unfair advantage.

Yet high-frequency specialists clearly have an edge over typical traders, let alone ordinary investors. The Securities and Exchange Commission says it is examining certain aspects of the strategy.

Link

They don't even know why the computers at the NWSE shut down.Well that tells you they are lying about something.

a reply to: AbstractDreamz

Did you see the tweet Anonymous put out the day before?
tweet

a reply to: AutumnWitch657

Allot of people capitalized on that crash and ended up making a good amount of money.
Buy low sell high.

a reply to: MystikMushroom

It sounds to me that like you say somebody did press the wrong button, the "panic button" I may say, you know the one that was installed after the 2008 market crash to avoid another mass hysteria.



Everything has a reason, too many bad news around the globe this days when it comes to hiccups in some of the most influential economies.

Things are not what it seems this days, economic prosperity is nothing but a mirrage

originally posted by: Phototropic
a reply to: Crakeur

The National Geospatial-Intelligence Agency has a facility in St Louis.

Right, and there are also a lot of billing/credit card processing centers there as well.

a reply to: babybunnies

We have been assured by our trusted authorities this was nothing but a glitch and nothing to worry about.

Two things stick out to me, the possible anon tweet, and the fact the market was taking a big hit that had the signs of a crash when trading was halted.

One thing I have noticed is the older generation is much more likely to believe something that is said by an authority figure, while my generation is more likely to question things, especially when there are several bizarre coincidences.

originally posted by: jimmyx

originally posted by: AutumnWitch657
a reply to: jimmyx

They are still having issues meshing their system with Continental Airways since their merger. There was another issue just last week with reservations.

NYSE just released a statement that they chose to shut down trading due to internal computer issues and state emphatically that this is not a hack.

just heard on CNBC that the FBI have contacted the NYSE to offer help if needed…...yeah, right because the FBI gets involved in router problems...ok sure

You didn't know that the FBI own CISCO?

originally posted by: SonOfThor
a reply to: babybunnies

In my opinion (and some close friends of mine that work in finance) that is the scarier possibility.

Bingo ;-)

originally posted by: Crakeur
Anyone know what's in St Louis that china would be attacking?

map.norsecorp.com...

Hefficide on 1/15/15 from this thread www.abovetopsecret.com...

It's a secret, but NORSE is located in the suburbs of St Louis - you're seeing the packets that they're intercepting.
101 South Hanley Road, Suite 1300
St. Louis, MO 63105
Phone: 314.480.6450

It is a dummy target.

Out of curiosity, can anyone else not do an image search on bing or google?

originally posted by: Thorneblood
Out of curiosity, can anyone else not do an image search on bing or google?

I was able to on both and I didn't even know Bing had an image search.