Wall Street pauses for more than three hours to a technical fault: haywire … – The Messenger

A black-out that would be linked to a software update, which had already caused problems before the opening. And that occurs on the same day in which 3,500 flights United Continental remain on the ground for a problem to the computer network of the airline, and that the site of the Wall Street Journal is not available for at least one hour.

mix of events that fear the worst, but which seems only a coincidence unfortunate. The problem at home United Continental is linked to a router that has limited connectivity, leaving the ground the planes. For Wal it is the second stop in two months due to technical problems. Still not clear what happened to the Wall Street Journal.

However, it is the NYSE and its stop in to fear the worst: the suspension covers all securities traded on the price list, which have a total value of 28 trillion dollars, a figure that makes it seem laughable little more than 249 billion dollars in nominal GDP of Greece, the country that is shaking global markets. The list starts again when it is almost time to close, and stores the session down, weighed down by fears of a bubble in China rather than from sleep.

“The technical problem has been solved,” says Nyse, which – with its president – speaks of a “bad day.” The decision to suspend trade did fear the worst, because a stop was the ‘Big Board’, the symbol of American capitalism, whose 220 years of independence were sold in 2013, with the acquisition by IntercontinentalExchage for $ 8.2 billion.

The SEC, the Treasury and the FBI immediately took the field, concerned about the effects of the blockade, which began at 11:32 American. The US president, Barack Obama, is informed. The NYSE quickly reassured that it was a technical problem. Then it was the turn of the FBI, who are told they do not need help just because it is not a cyber attack.

To try to reassure and calm the fear is also the Secretary for Security National, Jeh Johnson: “The problems at Nyse and United are not linked,” says, adding that the difficulties experienced by the NYSE are not the result of fraud. Then comes the official word from the White House: while keeping up our guard, as happened at the NYSE is not a cyber attack.

But the stop of the NYSE is expected to cause controversy. Excessive dependence on technology makes – according to some observers – the US financial system vulnerable. The incident today is also particularly bad: not the flash crash of 2010 and did not even stop for a few hours of the Nasdaq in 2013.

The problem is the NYSE, the largest financial center in the world and symbol Wall Street, with its prestigious address 11 Wall Street in what has been declared a historic building. The sound of the bell on the floor of Wall Street is broadcast daily live worldwide and is the most popular event in the world.