Amex Suffers System Failure
EXCHANGE TECHNOLOGIES
NEW YORK--A systems failure delayed the opening in trading of equities and exchange traded funds (ETFs) on the American Stock Exchange (Amex) for three hours last Monday, Feb. 9.
Trading resumed at 12:30 p.m. New York time.
The Securities Industry Automation Corp. (SIAC), which is owned jointly by Amex and the New York Stock Exchange (NYSE), was cited as the cause for the problem, by Amex officials. Amex initially said the problem was due to SIAC testing an upgrade that would "enhance the
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