The New York Stock Exchange goes down due to 'technical glitch'

Trading was abruptly halted shortly before noon

(AP Photo)

The New York Stock Exchange suspended all trading due to what has been described as a technical error on Wednesday morning.

The NYSE released a statement saying: "We’re experiencing a technical issue that we’re working to resolve as quickly as possible. We're doing our utmost to produce a swift resolution & will be providing further updates as soon as we can."

The reported glitch stopped trading at 11.30am. European markets were higher as Greece’s debt crisis continues.

The stock exchange company maintained that the technical issues were not the result of a cyberattack.

"The issues we are experiencing is an internal technical issue and is not the result of a cyberbreach. We chose to suspend trading on NYSE to avoid problems arising from our technical issue. NYSE-listed securities continue to trade unaffected on other market centers."

NYSE President Thomas Farley told CNBC that the exchange will reopen the market by 2.45 or 3pm.

The Department of Homeland Security told CNN that there were “no signs of malicious activity at this time."

The Wall Street Journal's website also went down at the same time the NYSE was suspended. The outages come after United Airlines suspended all flights due to a "router glitch."