Reported 11 months ago
On June 3, 2024, the New York Stock Exchange's quote system briefly malfunctioned, leading to Berkshire Hathaway's Class A stocks showing a 99.97% drop. The malfunction caused Taiwan's online securities firm, Interactive Brokers, to incur over NT$1.56 billion in losses. Interactive Brokers has filed a claim against NYSE, which has refused to compensate them. The system issue resulted in clients placing orders at a much lower price than the final traded price, causing significant losses for the firm and its customers.
Source: YAHOO