401(k) Specialist Issue 1 - 2015 - 40
THE FUND WATCH
NYSE Outage Did Little to
Negatively Impact 401(k)s
GLITCH ...WHAT GLITCH?
It's the response many 401(k) investors had to news in July that the New York Stock Exchange
experienced a computer problem and was forced to shut down.
The Moose Jaw Times Herald (seriously, how awesome a name is that?) notes that " in a dramatic
breakdown that once would have sent the market plunging, the world's most iconic stock exchange,
the NYSE, was forced to stop trading for nearly four hours. Regulators put out statements.
Twitter lit up with conspiracy theories. The president of the United States was briefed.
As for stocks, though, there was barely a ripple.
One reason, the paper notes, is that trading in stocks didn't stop at all. It just shifted from the
New York Stock Exchange to other exchanges and trading venues.
" It's like your neighborhood grocery store having a power failure, " it quotes Keith Ross, CEO of
PDQ Enterprises, which runs a NYSE rival, the PDQ ATS, as saying. " You can go to all sorts of other
stores that aren't far away. "
For many ordinary Americans, there was another reason not to worry, the paper concludes:
Those who own stocks only through mutual funds are not directly affected by intraday outages.
So your clients (and yourselves) can breathe a little easier.
40 INAUGURAL 2015 | 401kSpecialistmag.com
''Regulators
put out
statements.
Twitter lit up
with conspiracy
theories. The
president of
the United
States was
briefed. As
for stocks,
though, there
was barely
a ripple.
''
© Achilles | Dreamstime.com - Wall Street, NYSE Photo
http://www.Dreamstime.com
http://www.401kSpecialistmag.com
401(k) Specialist Issue 1 - 2015
Table of Contents for the Digital Edition of 401(k) Specialist Issue 1 - 2015
Table of Contents
401(k) Specialist Issue 1 - 2015 - Cover1
401(k) Specialist Issue 1 - 2015 - Table of Contents
401(k) Specialist Issue 1 - 2015 - 1
401(k) Specialist Issue 1 - 2015 - 2
401(k) Specialist Issue 1 - 2015 - 3
401(k) Specialist Issue 1 - 2015 - 4
401(k) Specialist Issue 1 - 2015 - 5
401(k) Specialist Issue 1 - 2015 - 6
401(k) Specialist Issue 1 - 2015 - 7
401(k) Specialist Issue 1 - 2015 - 8
401(k) Specialist Issue 1 - 2015 - 9
401(k) Specialist Issue 1 - 2015 - 10
401(k) Specialist Issue 1 - 2015 - 11
401(k) Specialist Issue 1 - 2015 - 12
401(k) Specialist Issue 1 - 2015 - 13
401(k) Specialist Issue 1 - 2015 - 14
401(k) Specialist Issue 1 - 2015 - 15
401(k) Specialist Issue 1 - 2015 - 16
401(k) Specialist Issue 1 - 2015 - 17
401(k) Specialist Issue 1 - 2015 - 18
401(k) Specialist Issue 1 - 2015 - 19
401(k) Specialist Issue 1 - 2015 - 20
401(k) Specialist Issue 1 - 2015 - 21
401(k) Specialist Issue 1 - 2015 - 22
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401(k) Specialist Issue 1 - 2015 - 30
401(k) Specialist Issue 1 - 2015 - 31
401(k) Specialist Issue 1 - 2015 - 32
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401(k) Specialist Issue 1 - 2015 - 34
401(k) Specialist Issue 1 - 2015 - 35
401(k) Specialist Issue 1 - 2015 - 36
401(k) Specialist Issue 1 - 2015 - 37
401(k) Specialist Issue 1 - 2015 - 38
401(k) Specialist Issue 1 - 2015 - 39
401(k) Specialist Issue 1 - 2015 - 40
401(k) Specialist Issue 1 - 2015 - 41
401(k) Specialist Issue 1 - 2015 - 42
401(k) Specialist Issue 1 - 2015 - 43
401(k) Specialist Issue 1 - 2015 - 44
401(k) Specialist Issue 1 - 2015 - Cover3
401(k) Specialist Issue 1 - 2015 - Cover4
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