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It was software bugs....inadequate testing.
but WAIT ! I think maybe former TS2K programmers were involved ;)
> -----Original Message-----
> From: I4Lothian@xxxxxxx [mailto:I4Lothian@xxxxxxx]
> Sent: Friday, June 08, 2001 11:28 AM
> To: omega-list@xxxxxxxxxx
> Subject: NYSE to re-open at 11:15 AM. (or maybe not)
>
>
> STATEMENT ON TRADING HALT:
>
> "We lost connectivity between our data sites and the trading floor. We
> could have continued trading with other than our systemic traffic, but
> did not feel this was fair particularly to the retail investor.
> We expect to
> resume trading at 11:15am."
>
> NYSE is still closed, but the Dow at the CBOT and S&Ps at the CME have
> resumed trading.
>
> Regards,
>
> John J. Lothian
>
> Disclosure: Futures trading involves financial risk, lots of it!
>
>
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