SPRINGFIELD, Mass. (WWLP) – Trading at the New York Stock Exchange resumed Wednesday afternoon after it halted for nearly four hours. The NYSE said a computer glitch was responsible for the shutdown.
Experts say the technical glitch didn’t have a major impact on the stock market overall, it affected the floor of the NYSE, but there’s about 60 other exchanges and trading venues in the market, which means stocks were still traded through other platforms, including Nasdaq.
Tim Suffish of St. Germaine Investments told 22News several other avenues continue taking orders when one is down. “Today there are other avenues, so if you were logging into your ETRADE account or, we’re trading here for our clients, there’s really been no impact because there are other ways to trade stocks,” he said.
Suffish also said it’s encouraging to know trading can continue without the NYSE, but experiencing a technical glitch is always concerning.
The NYSE still isn’t sure what caused the glitch, but they don’t believe it was related to a cyber attack.