Another Glitch at the Open for the NYSE

Problems with the NYSE network caused trades in some stocks to be delayed just after the open. Some floor brokers did not received order acknowledgements, and even after the issues were resolved there was still a small crowd at the technology ramp trying to resolve issues with earlier orders.

There have been at least two other system issues at the NYSE in the last month.

One company floating a secondary had a more notable delay. MarkWest Energy Partners floated 5.2 million shares at $20.95. But the above-mentioned network problems left specialists unable to open the stock until 10:47 AM ET, more than an hour after the open. What happened in between? The stock traded away on other exchanges.

Morgan Stanley and UBS were the book-runners.



Questions? Comments?