NYSE Technical Glitch

[VijayNair]

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Crazy NYSE glitch

A technical issue with the New York Stock Exchange’s opening auction on Tuesday led to more than 80 stocks being briefly halted at the start of trading, sowing confusion among traders about which orders were filled and whether they were at the correct prices. As per the above reuters article, the losses to traders n brokers are estimated to be in 8 digits. Damn !! This is not an easy business at all…both for traders and other parties like brokers, exchanges etc. Kab kya hojaye kisey pat…