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Another Glitch In Option Exchanges

Sep 17 2013

Parkett-Boerse in Ffm

Parkett-Boerse in Ffm (Photo credit: Wikipedia)

Another Glitch In Option Exchanges

Option trading was interrupted once again following a system glitch, according to the Options Monster website this week. Business was halted for approximately 30 minutes due to technical problems that emanated from the Options Price Reporting Authority (OPRA) that distributes price quotes across the board.

These technical problems saw a big swing in option trading. During the period, trading was at its worst. However, efforts to restore the trading brought relief at around 1.40 p.m EST. These issues demonstrate the significance of option trading, which reduces the losses that arise from big options swings.

According to the Options Monster, the trading system that provides orders containing information on price quotes encountered a quote processing, a technical glitch that grounded the trading of stock for a whopping 30 minutes.

The sporadic halt of securities exchange and stock trading raised fundamental questions about the effectiveness and reliability of the security trading systems and the safety of the traded stocks. The authorities claim that said that the trading system becomes overloaded due to increased data loads.

The system halt came at a time when the officials pledged to revamp the systems to safeguard the trade and prevent such failures in the future. This incident is one of the trends that have seen an explosion in the quotes traffic in the recent past. For instance, the ratio of quotes has risen unexpectedly, according to recent financial reports.

With the growing concern about the reliability of the securities industry, many investors fear that their investment is under the threat of technology glitches.

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