Fergie's Tech Blog

Technical Glitches Close American Stock Exchange

Leo King writes on PC World:

The American Stock Exchange (Amex) was hit by a technical problem, which prevented trading last Thursday.

The glitch, the second in a fortnight, forced the exchange to shut down for nearly an hour.

The latest problem is believed to be the result of mismatched ticker symbols on an exchange server. This affected trading in equities and exchange traded funds, but not options trading, but the exchange has yet to issue a full explanation.

The previous problem at Amex resulted from errors in a platform it is phasing out, which led to a halt in trading of stocks and exchange traded funds. "An issue occurred between our legacy CMS order entry gateway and our new system AEMI [Auction and Electronic Market Integration Platform]," Amex wrote in a statement on its website.

posted by Fergie @ 7/02/2007 10:21:00 AM