NYSE Arca Suffers Technical Glitch, Affecting Hundreds of ETFs
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NYSE Arca Suffers Technical Glitch, Affecting Hundreds of ETFs
NYSE Arca, an equities and options exchange owned and operated by the Intercontinental Exchange (ICE), suffered a technical glitch earlier this week, effectively stifling the closing auction for upwards of 341 securities.
Glitches at exchanges are nothing new and periodically shut down or inhibit operations at a number of worldwide venues. Back in December 2016, NYSE Arca experienced a technical glitch on its platform that led to a fifteen-minute cessation of trading.
This week’s technical difficulties occurred on Monday, affecting NYSE Arca’s auction mechanism. They were attributed to a new version of software. The auction mechanism is used to determine ... (read more)
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