NYSE Sees Price Glitch Amidst Tech Update

A week after beginning a major technology upgrade, the New York Stock Exchange has experienced a pricing glitch.

On Monday evening, a technical error in the exchange operator's systems meant that there were delays to the release of end-of-day pricing for the Dow Jones and the S&P 500.

The data feed hit by the glitch puts out information regarding stock prices and trades. That data is then passed on to brokers and financial media outlets.

The Consolidated Tape Association, the group that oversees the data feed for NYSE-listed stocks, first reported the glitch at 15:15 New York time.

According to the Wall Street Journal, the group then switched to a backup Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term. But at 19:28, there were reports that the exchange was still experiencing “connectivity and trade input issues.”

Pillar of strength

The glitch comes at an unfortunate time for the NYSE.

Last week, the exchange operator began a large-scale operation to move trading on to its new system.

Called 'Pillar,' the Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term makes some substantial changes to the group's prior operations. Previously separate securities and asset classes, for example, will be accessible on one platform.

Initially planned for a 2015 launch, repeated delays meant the NYSE was only able to start rolling out the new technology properly this month.

Prior attempts to integrate the technology have led to some major hiccups.

In 2017, for instance, one of the exchange’s exchange-traded fund platforms, which was using Pillar technology, failed to publish closing prices for over 300 ETFs.