Topline
The New York Stock Exchange on Wednesday said a manual error was behind the technical issue that forced the sudden halt of dozens of stocks and briefly wiped billions of dollars in market value from some of the world’s largest companies on Tuesday—shedding some light on a conundrum that has stunned traders and already piqued interest from regulators.
Key Facts
In a Wednesday status update, the NYSE said the “root cause” of the Tuesday technical issue was a “manual error” involving the exchange’s disaster recovery configuration, which kicked off trading without the usual opening auction that helps floor traders set the opening prices for stocks.
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