• 09 Jan 2013 at 6:18 PM

Exchange Follies: Consolidated Tape Edition

Just weeks after telling Congress that doing their jobs has become too damned hard, the stock exchanges are providing more evidence.

This time, the problem is the consolidated tape, which provides trade data. Seems it went out for about an hour at the New York Stock Exchange yesterday, making it tough to see in anyone had traded in 165 unimportant securities like State Street Corp. stock. And NYSE’s snafu follows a consolidated tape screw-up at Nasdaq last week; while NYSE’s server error only messed with some of its stocks, Nasdaq’s consolidated tape feed went totally blank on Thursday.

The episode was the latest disruption of reporting to the so-called consolidated tape, the record of securities transactions across all U.S. exchanges. Financial firms, news agencies and regulators rely on the consolidated tape to track market activity, though exchanges also sell direct data feeds that provide more detailed information. A similar outage also affected Nasdaq-listed stocks last week.

Starting at 2:10 p.m. EST on Tuesday, the NYSE began “experiencing an issue publishing trade and quote information” in stocks with symbols ranging from SJ to TCZ, it said in a notice to customers.

For these keeping track, in recent months our bourses have had to admit they can’t competently run IPOs, deal with faulty data, print water-proof stock certificates and now, reliably provide trade data. But they are available for a bargain.

NYSE Server Failure Interrupts Market Data on 165 Securities [WSJ MarketBeat blog]
Traders Report Technical Issue Involving Nasdaq-Listed Securities [WSJ]

12 comments (hidden to protect delicate sensibilities)
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Comments (12)

  1. Posted by guest | January 9, 2013 at 6:42 PM

    Are you writing these from a mobile device?

  2. Posted by Miffed Matt | January 9, 2013 at 7:02 PM

    He is, it's an iPhone 3 in a pink case with a picture of a puppy on it, he says he doesn't upgrade because they didn't make the pink puppy case for any model after the 3, I told him just never take it out or let it ring when I'm near you because I will hit you in the face with a bag of asterisks I have lying around from before the numbered footnotes showed up.

  3. Posted by Al gorfenauer | January 9, 2013 at 7:28 PM

    But what about the dark pools? What. About. The. Dark. Pools?

  4. Posted by Dude To Door | January 9, 2013 at 7:29 PM

    Follies is a fag word, word.

  5. Posted by Bobs | January 10, 2013 at 1:09 AM

    What exactly would you say…ya do here?

  6. Posted by guest | January 10, 2013 at 10:45 AM

    You're an asshole.

  7. Posted by Duncan Niederauer | January 10, 2013 at 11:01 AM


  8. Posted by Guest | January 10, 2013 at 6:29 PM

    Unsung-hero-post of the day.

  9. Posted by SHARE MARKET | March 12, 2013 at 5:01 AM

    I told him just never take it out or let it ring when I'm near you because I will hit you in the face with a bag of asterisks

  10. Posted by kurtis | March 12, 2013 at 5:20 AM

    “One day I will find the right words, and they will be simple.”

  11. Posted by sohbet | May 12, 2013 at 6:29 PM

    telling these little stories, here's a good idea: Have a point. It makes it so much more interesting for the listener.

  12. Posted by sohbet | August 18, 2013 at 6:53 PM

    One day I will find the right words