Re: Fwd: NYSE Trading Halt Triggered by 'Network Storm'
Hm. It just sounds like a Tibco nack implosion to me. Internet jgrajewski@mandylionlabs.com@merit.edu - 02/06/2005 21:18 Sent by: owner-nanog@merit.edu To: fergdawg cc: nanog Subject: Fwd: NYSE Trading Halt Triggered by 'Network Storm' I dont want join the ranks of conspiracy theorists, but i must point out the coincidence that this minor digital "spanking" occurred exactly at the same time the NYSE members (folks whom own seats on the exchange) filed suit to block NYSE's proposed merger with electronic trading firm Archipelago Holdings Inc., saying the deal is unfair to exchange members. The members feel the old "manual" way of doing trades (where they get a cut of every transaction) is best and that they dont need the electronic trading. --- In fact one of their contentions is that the online system is not foolproof and prone to being compromised or disrupted by terrorists etc. ...and get this -- that they are the only ones -- in face to face trading -- that can give a "fair" transaction --- here is the article on the members trying to block the merger: http://www.washingtonpost.com/wp-dyn/content/article/2005/05/09/ AR2005050901325.html Begin forwarded message:
Trading resumed normally at 9:30 a.m. Thursday.
In a statement, the NYSE blamed the system failure, which suspended trading at 3:56 p.m., on a communication problem. In an interview Thursday with cable-news channel CNBC, NYSE CEO John Thain said the problem was caused by a "network storm" in which "an error message was created and then duplicated millions of times," overwhelming both the system's primary and backup network routers.
[snip]
http://www.informationweek.com/story/showArticle.jhtml? articleID=163703141
This message and any attachments (the "message") is intended solely for the addressees and is confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified. ********************************************************************************************** BNP Paribas Private Bank London Branch is authorised by CECEI & AMF and is regulated by the Financial Services Authority for the conduct of its investment business in the United Kingdom. BNP Paribas Securities Services London Branch is authorised by CECEI & AMF and is regulated by the Financial Services Authority for the conduct of its investment business in the United Kingdom. BNP Paribas Fund Services UK Limited is authorised and regulated by the Financial Services Authority.
On Fri, 3 Jun 2005 09:28:50 +0100 christian.macnevin@uk.bnpparibas.com wrote:
Hm. It just sounds like a Tibco nack implosion to me.
I was wondering if this had anything to do with the common use of multicast to propagate trading information... Regards Marshall
Internet jgrajewski@mandylionlabs.com@merit.edu - 02/06/2005 21:18
Sent by: owner-nanog@merit.edu
To: fergdawg
cc: nanog
Subject: Fwd: NYSE Trading Halt Triggered by 'Network Storm'
I dont want join the ranks of conspiracy theorists, but i must point out the coincidence that this minor digital "spanking" occurred exactly at the same time the NYSE members (folks whom own seats on the exchange) filed suit to block NYSE's proposed merger with electronic trading firm Archipelago Holdings Inc., saying the deal is unfair to exchange members.
The members feel the old "manual" way of doing trades (where they get a cut of every transaction) is best and that they dont need the electronic trading. --- In fact one of their contentions is that the online system is not foolproof and prone to being compromised or disrupted by terrorists etc. ...and get this -- that they are the only ones -- in face to face trading -- that can give a "fair" transaction ---
here is the article on the members trying to block the merger: http://www.washingtonpost.com/wp-dyn/content/article/2005/05/09/ AR2005050901325.html
Begin forwarded message:
Trading resumed normally at 9:30 a.m. Thursday.
In a statement, the NYSE blamed the system failure, which suspended trading at 3:56 p.m., on a communication problem. In an interview Thursday with cable-news channel CNBC, NYSE CEO John Thain said the problem was caused by a "network storm" in which "an error message was created and then duplicated millions of times," overwhelming both the system's primary and backup network routers.
[snip]
http://www.informationweek.com/story/showArticle.jhtml? articleID=163703141
This message and any attachments (the "message") is intended solely for the addressees and is confidential. If you receive this message in error, please delete it and immediately notify the sender. Any use not in accord with its purpose, any dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not guarantee the integrity of this message. BNP PARIBAS (and its subsidiaries) shall (will) not therefore be liable for the message if modified.
**********************************************************************************************
BNP Paribas Private Bank London Branch is authorised by CECEI & AMF and is regulated by the Financial Services Authority for the conduct of its investment business in the United Kingdom.
BNP Paribas Securities Services London Branch is authorised by CECEI & AMF and is regulated by the Financial Services Authority for the conduct of its investment business in the United Kingdom.
BNP Paribas Fund Services UK Limited is authorised and regulated by the Financial Services Authority.
participants (2)
-
christian.macnevin＠uk.bnpparibas.com -
Marshall Eubanks