(March 7 – 18:10 ET) – A series of technology-related incidents interrupted trading at the TSE today. The opening of trading was delayed for one hour this morning due to a problem related to a single hardware component (CPU) in the TSE’s communications infrastructure, says the TSE in a prepared statement.
To remedy the problem, applications and communications lines were moved to other CPUs, says the TSE. Following discussion with its members, TSE management made the decision to defer opening the market until trade orders could be re-entered and conditions for a fair and orderly market restored. The TSE and the supplying hardware vendor will repair the problem unit and it will be re-installed after the close of trading today.
The morning’s CPU issues triggered a unique condition, says the TSE, where optimal CPU performance could not be guaranteed, and this resulted in inconsistent order flow across the market. Management determined that this situation created unfair market conditions and closed the market at 1:17pm. The TSE re-established a pre-opening session at 1:55pm and trading resumed at 2:55pm.
-IE Staff