Reported 6 months ago
Members Exchange (MEMX), supported by major Wall Street firms, has resolved a technical issue that delayed the start of its pre-market trading session by nearly two hours. The delay was due to a software error, prompting MEMX to accept orders for four minutes without any trades. The issue was not related to the move to T+1 settlement cycle. Other exchanges like NYSE, Cboe, and Nasdaq briefly suspended routing to MEMX during pre-market trading. MEMX has implemented corrective measures to prevent a recurrence, and no further impact is expected.
Source: YAHOO