Reported 4 months ago
A technical issue at the New York Stock Exchange (NYSE) caused significant swings in stocks like Berkshire Hathaway and Barrick Gold, leading to trading halts in multiple companies before the problem was fixed. The glitch, the second in a week for the NYSE, was resolved by late morning, with impacted stocks resuming trading. Erroneous trades were cancelled, and the Consolidated Tape Association (CTA) attributed the problem to a new software release impacting limit up-limit down bands meant to prevent extreme stock price movements. The article discusses the implications, history, and potential reimbursements for affected investors.
Source: YAHOO