Wall Street was blindsided Wednesday when the New York Stock Exchange abruptly announced that it was suspending trading due to a technical glitch.
Now, a tweet from Eric Scott Hunsader, the founder of the real-time transaction data company Nanex, has provided a handy visual indicator about just how dramatic the hiccup is when the world’s busiest stock exchange suddenly shudders to a halt.
11:32:57 – trades from NYSE drop sharply, sputter a few minutes, then nothing. Each dot a NYSE trade pic.twitter.com/QmJl8Y2b91
— Eric Scott Hunsader (@nanexllc) July 8, 2015
The image shows the NYSE humming along, with each of thousands of blue dots representing a single trade. Then, at 11:33:57 a.m., it suddenly shudders and only a handful of trades are able to be completed. After five minutes, trades cease entirely as the NYSE pulls the plug.
Surprise glitches also hit the Wall Street Journal and United Airlines Wednesday morning. While some have speculated the shutdowns are due to a cyberattack, both the NYSE and the White House say there is currently no evidence that is the case.
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