In a freak storm of dysfunction, United Airlines, the New York Stock Exchange and the Wall Street Journal all suffered from varying degrees of outages today. United Airlines was forced to ground the company's entire fleet after the company experienced what it initially described as an ambiguous "network connectivity issue," later stating that the company experienced some kind of router failure.
The New York Stock Exchange also halted trading today after it experienced what it said on Twitter was an "internal technical issue" -- and not an attack or security-related issue of any kind.
Traders talking to Bloomberg speculate that the outage was related to either an upgrade gone wrong or exchange capacity constraints. Or, at least that was the investor's uninformed guess:
quote:Twitter speculation quickly came to one consistent conclusion about who was responsible for the day's mayhem:
I don t think it s a hacking incident here or anything like that, Joe Saluzzi, co-head of equity trading at Chatham, New Jersey-based Themis Trading LLC, said by phone. Based on what I ve seen in the past, these type of things are usually some sort of issues related to an upgrade, maybe to handle the excessive traffic that s constantly coming in with high-speed trading."
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