NYSE glitch traced back to employee who left backup system running, report says

Summary

This article by Ryan Hogg, writing for Insider, makes these points about the flow on effects to the  NYSE  when a technician failed to shut down a backup system properly:

• The NYSE had to halt trading of several stocks for 15 minutes.
• Around 250 stocks were affected, with shares beginning at unusually high or low prices.
• The cost to brokers and retail traders is expected to be significant.

References

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References from the Web :

• JAN 2023  Data Center Backup Failure Blamed on 1 Person, not NYSE Leadership – Data Centre Knowledge
• JAN 2023  NYSE glitch leads to busted trades, prompts investigation – Yahoo finance

Source Information:

• Article Source: Insider
• Media Check:  Insider - Media Bias Fact Check (mediabiasfactcheck.com)
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