How to Trade While the NYSE is Halted

Equities Editors Desk |

UPDATE: The NYSE has resumed trading after halting for over three hours.

At 11:32 a.m. ET today, the NYSE halted trading due to an internal technical issue. Read Equities.com's coverage of the NYSE halt here

While the NYSE is one of the major exchanges on Wall Street and home to over 4,000 stocks and publicly traded vehicles, it isn't the only exchange on the market. The NYSE and NYSE MKTS accounts for roughly 20% of all stock trading in the US markets. Meanwhile, traders can still process trades via the NASDAQ, ARCA, BATS and others.

According to USA Today, trades can still be routed to the other exchanges.

This fragmentation of the market is playing to investors’ advantage right now. All the major online brokerage firms, including TD Ameritrade, Fidelity and Charles Schwab are designed to route your orders to the exchanges offering the best price.

That means even if you need to buy or sell orders, you can enter your order at your brokerage just as you always would. The brokerages, for the same commission, will route your order to the exchanges that are still open. And there are 11 of them. 



The major indices are all down around 1% in mid-day trading. Fortunately, the halt was not a result of a security breach or cyber attack. The glitch is reportedly similar to the one NASDAQ dealt with in 2013, which halted trading in the US markets for about three hours. Stocks did trade higher once the halt was lifted.

This interesting chart from Eric Scott Hunsader of Nanex, LLC detailing the exact moment trades stopped is making the rounds today.

For what its worth, exchange halts are becoming more common in today's markets as they're increasingly more reliant on technology. The Financial Times  has a nice recap of recent halts. Meanwhile, CNBC's Jim Cramer suggests that investors may want to take a closer look at good buying opportunities this short-term (hopefully) panic creates.

 

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Companies

Symbol Name Price Change % Volume
ICE Intercontinental Exchange Inc. 60.41 -0.22 -0.36 1,856,857 Trade

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