NYSE suspends trading in Amazon, Alphabet due to pricing issue (cnbc.com)

48 points by jcwayne 8y ago ↗ HN

6 comments

[ 2.7 ms ] story [ 22.5 ms ] thread

Sort of a non-issue as those are NASDAQ tickers and are trading as normal everywhere else.

Non-issue for the companies in question. Not a huge issue for the NYSE itself, but not a complete non-issue either. If it's an isolated issue that never recurs, who cares, but if they start having more issues of this sort, it could add up to reputational damage. So not a big issue, certainly, but potentially not completely a non-issue either (for the NYSE).

jonknee 8y ago ↗

Sure, I guess my issue was more with the headline. It sure sounds dramatic to say trading is suspended.

en4bz 8y ago ↗

I bet this is related to PILLAR [1]. There has been a lot of active work on this recently. B & C Tapes as reported have been slowly coming online over the past weeks [2].

https://www.nyse.com/pillar [1]

https://www.nyse.com/publicdocs/nyse/markets/nyse/Pillar_Upd... [2]

0xCMP 8y ago ↗

> "To me it sounds extremely minor and not a big deal," said Joe Saluzzi, partner and co-founder at Themis Trading.

JumpCrisscross 8y ago ↗

It is minor. One venue is suspending trading of a couple names. Anyone wanting to trade can do so elsewhere, including on the symbols' home exchanges.