Stock Glitches Halt Trading

Wednesday, August 01, 2012


The New York Stock Exchange is canceling trades at six companies after 140 stock prices pitched up and down by more than 30-percent in a short period.

The stock swings that happened just after the morning bell and lasted till about 10:15 a.m.

The glitch affected various company stocks, from aluminum maker Alcoa to telecom giant AT&T.

The NYSE has canceled the trading of six stocks that include Wizzard Software and Quicksilver Resources.

Some trading blogs place the blame on a technical problem at trade processing firm Knight Capital Group. In a statement, the company admits it had a technical issue "related to the routing of shares of approximately 150 stocks to the NYSE."

The NYSE says systems and circuit breakers operated normally during the snafu. Regulators order that trading be halted after stocks swing outside of 10-percent in either direction.


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Comments [1]

Romieo from usa

Great blog nice n useful information , it is very helpful for me , I realy appreciate thanks for sharing. I would like to read more information thanks.

<a href="">Stock Transfer Agent</a>

Aug. 03 2012 07:20 AM

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


Latest Newscast




WNYC is supported by the Charles H. Revson Foundation: Because a great city needs an informed and engaged public


Supported by