News Formal

New York Stock Exchange blames 'manual error' for trading glitch | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

In total, more than 1,300 trades and 84 stocks were impacted by the error and marked as abnormal, according to NYSE.

New York Stock Exchange officials said Wednesday that a “manual error” was responsible for the massive price swings and trading halt of hundreds of company stocks that punctuated Tuesday’s market open. The root cause of the error, which the exchange said has been resolved, was an error tied to the company’s “disaster recovery” configuration, they said. It appears that a manual test of their emergency system went awry.

ET, and each stock is given an “opening price” that is determined through a complicated system that uses the thousands of orders that accumulated overnight and early in the morning ahead of the opening bell. The exchange compiles these buy and sell orders and formats a single price that is then quoted at market open. The price is meant to balance out supply and demand for the stock and limit volatility in early trading.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 4. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

And India is moving to T+1 from Friday..

Price gouging, glitches, no explanations for missing 529 dollars - explains how some folk get rich. Stay rich. Keep others from gain. Ing.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Trading briefly halted for many New York Stock Exchange-listed stocks | CNN BusinessTrading for dozens of companies on the New York Stock Exchange was briefly halted Tuesday just after the market opened. They need to correct opening prices 2023 has had a really good start
Bron: CNN - 🏆 4. / 95 Lees verder »

‘The Exchange’ Trailer Shows Two Women Changing the Game in the Kuwaiti Stock MarketRawan Mahdi & Mona Hussain shine in the trailer for TheExchange, a Netflix series following the duo as they take on the Kuwaiti stock market in 1987. Watch it here:
Bron: Collider - 🏆 1. / 98 Lees verder »