NYSE Arca Suffers Technical Glitch, Affecting Hundreds of ETFs
Posted: Tue Mar 21, 2017 7:27 am
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)