Several news sources reported that trading in 242 stocks was suspended because of computer server problem on the New York Stock Exchange last Friday. The outage, which lasted from about 11:30 a.m. to 12:10 p.m. affected stocks such as ExxonMobil, General Electric, American Express Co and Merck & Co.
The exact problem with the server has not been announced, and as of yet there is nothing on the NYSE web site discussing the outage.
The NYSE has had computer problems in the past, I have wrote about last year.
Robert N. Charette is a Contributing Editor to IEEE Spectrum and an acknowledged international authority on information technology and systems risk management. A self-described “risk ecologist,” he is interested in the intersections of business, political, technological, and societal risks. Charette is an award-winning author of multiple books and numerous articles on the subjects of risk management, project and program management, innovation, and entrepreneurship. A Life Senior Member of the IEEE, Charette was a recipient of the IEEE Computer Society’s Golden Core Award in 2008.