New York Stock Exchange Trading Glitch on 24th Jan 2023 Caused by Employee IT Error in Failing to Shutdown Disaster Recovery Program, 2,824 Trades Opened without Auction, 4,341 Trades Cancelled & 81 Stocks Short-Selling Restrictions Triggered
28th January 2023 | Hong Kong
New York Stock Exchange (NYSE) major trading glitch on Tuesday (24/1/23) was caused by an employee IT error in failing to shutdown a disaster recovery program. The NYSE trading glitch caused 2,824 trades to open without auction, 4,341 trades cancelled and 81 stocks short-selling restrictions triggered. The United States Securities & Exchange Commission (United States SEC) is currently investigating the incident. New York Stock Exchange (NYSE) is owned by Intercontinental Exchange. More info below.
” 2,824 Trades Opened without Auction, 4,341 Trades Cancelled & 81 Stocks Short-Selling Restrictions Triggered “
New York Stock Exchange Trading Glitch on 24th Jan 2023 Caused by Employee IT Error in Failing to Shutdown Disaster Recovery Program
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.