North American Network Operators Group Date Prev | Date Next | Date Index | Thread Index | Author Index | Historical Re: NYSE Trading Halt Triggered by 'Network Storm'
On Fri, 3 Jun 2005 09:28:50 +0100 [email protected] wrote: > > Hm. It just sounds like a Tibco nack implosion to me. > > I was wondering if this had anything to do with the common use of multicast to propagate trading information... Regards Marshall > > > > Internet > [email protected]@merit.edu - 02/06/2005 21:18 > > > Sent by: [email protected] > > To: fergdawg > > cc: nanog > > > Subject: Fwd: NYSE Trading Halt Triggered by 'Network Storm' > > > > I dont want join the ranks of conspiracy theorists, but i must point > out the coincidence that this minor digital "spanking" occurred exactly > at the same time the NYSE members (folks whom own seats on the > exchange) filed suit to block NYSE's proposed merger with electronic > trading firm Archipelago Holdings Inc., saying the deal is unfair to > exchange members. > > The members feel the old "manual" way of doing trades (where they get a > cut of every transaction) is best and that they dont need the > electronic trading. --- In fact one of their contentions is that the > online system is not foolproof and prone to being compromised or > disrupted by terrorists etc. ...and get this -- that they are the only > ones -- in face to face trading -- that can give a "fair" transaction > --- > > here is the article on the members trying to block the merger: > http://www.washingtonpost.com/wp-dyn/content/article/2005/05/09/ > AR2005050901325.html > > Begin forwarded message: > > > Trading resumed normally at 9:30 a.m. Thursday. > > > > In a statement, the NYSE blamed the system failure, which suspended > > trading at 3:56 p.m., on a communication problem. In an interview > > Thursday with cable-news channel CNBC, NYSE CEO John Thain said the > > problem was caused by a "network storm" in which "an error message was > > created and then duplicated millions of times," overwhelming both the > > system's primary and backup network routers. > > > > [snip] > > > > > > http://www.informationweek.com/story/showArticle.jhtml? > > articleID=163703141 > > > > > > > > This message and any attachments (the "message") is > intended solely for the addressees and is confidential. > If you receive this message in error, please delete it and > immediately notify the sender. Any use not in accord with > its purpose, any dissemination or disclosure, either whole > or partial, is prohibited except formal approval. The internet > can not guarantee the integrity of this message. > BNP PARIBAS (and its subsidiaries) shall (will) not > therefore be liable for the message if modified. > > ********************************************************************************************** > > BNP Paribas Private Bank London Branch is authorised > by CECEI & AMF and is regulated by the Financial Services > Authority for the conduct of its investment business in the > United Kingdom. > > BNP Paribas Securities Services London Branch is authorised > by CECEI & AMF and is regulated by the Financial Services > Authority for the conduct of its investment business in the > United Kingdom. > > BNP Paribas Fund Services UK Limited is authorised and > regulated by the Financial Services Authority.
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