{"id":186919,"date":"2013-08-22T21:44:00","date_gmt":"2013-08-23T02:44:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/08\/22\/whiskey-tango-foxtrot-29\/"},"modified":"2013-08-22T21:44:00","modified_gmt":"2013-08-23T02:44:00","slug":"whiskey-tango-foxtrot-29","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2013\/08\/22\/whiskey-tango-foxtrot-29\/","title":{"rendered":"Whiskey Tango Foxtrot????"},"content":{"rendered":"<p>The NASDAQ exchange <a href=\"http:\/\/dealbook.nytimes.com\/2013\/08\/22\/nasdaq-market-halts-trading\/?hp\">shut down for 3 hours today<\/a>:<\/p>\n<blockquote><p><span style=\"color: blue;\">The United States stock market showed again on Thursday that it remained vulnerable to technological breakdowns even as regulators and market operators work to keep up with trading that is increasingly electronic and driven by speed.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The latest trouble shut down trading on the Nasdaq market and its more than 3,000 stocks \u2014 including some of the most popular among investors, like Apple and Google \u2014 for more than three hours Thursday afternoon.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">The disruption on the nation\u2019s second-largest stock market, after the New York Stock Exchange, reverberated up and down Wall Street, affecting other markets as investors cautiously stepped back. Brokers scrambling to trade elsewhere discovered that they could not complete trades while in the dark about prices on Nasdaq.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u201cIt is everybody \u2014 nobody can trade,\u201d Manoj Narang, the chief executive of Tradeworx, said during the afternoon. \u201cI\u2019ve never seen anything like this.\u201d<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Some expressed relief that the problems came in August, typically a slow time for Wall Street.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">\u201cWe didn\u2019t lose any money on the shutdown, but we also made very little money today,\u201d said the chief executive of one Wall Street firm, who asked not to be named.<\/span><br \/><span style=\"color: blue;\"><br \/><\/span><span style=\"color: blue;\">Nasdaq officials said the halt was prompted by a problem with the data system that disseminates prices and that its cause had been \u201cidentified and addressed.\u201d<\/span><\/p><\/blockquote>\n<p>I&#8217;m thinking that high frequency algorithmic trading is somehow tied into all of this.<\/p>\n<p>The fact that this occurred a day after Goldman Sachs reported a major loss from a programming error for such a program further buttresses my suspicion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NASDAQ exchange shut down for 3 hours today: The United States stock market showed again on Thursday that it remained vulnerable to technological breakdowns even as regulators and market operators work to keep up with trading that is increasingly electronic and driven by speed.The latest trouble shut down trading on the Nasdaq market and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1060,1078,1004,1015],"tags":[],"class_list":["post-186919","post","type-post","status-publish","format-standard","hentry","category-computer","category-disaster","category-finance","category-weird"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186919"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=186919"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/186919\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=186919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=186919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=186919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}