Reported 4 months ago
A technical glitch at the New York Stock Exchange led to trading halting on 40 stocks, including Berkshire Hathaway's class A shares inaccurately displayed as plummeting 99.9%. The article discusses market guardrails like market wide circuit breakers, limit up/limit down pauses, and clearly erroneous trades implemented to prevent unnecessary volatility. A breakdown of these safety measures and how the stock exchange detects and handles issues is provided, with insights on recent incidents and actions taken by exchanges to maintain market integrity.
Source: YAHOO