Reported 9 months ago
Interactive Brokers Group Inc. experienced a $48 million loss following a trading disruption on the New York Stock Exchange caused by a software update on June 3. The glitch led to erroneous trades and trading halts, affecting shares such as Warren Buffett’s Berkshire Hathaway Inc. Interactive Brokers is considering legal actions to recover the funds, including potential claims against NYSE. Other retail brokerages like Robinhood, Charles Schwab, and Morgan Stanley's ETrade have not commented on the impact of the disruption.
Source: YAHOO