Re: NYSE Trading Halt Triggered by 'Network Storm'

["Marshall Eubanks" <tme () multicasttech com>]

On Fri, 3 Jun 2005 09:28:50 +0100
 christian.macnevin () uk bnpparibas com 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
> jgrajewski () mandylionlabs com@merit.edu - 02/06/2005 21:18
>
>
> Sent by:    owner-nanog () merit edu
>
> 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
>
>
>
>
>
>
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