 "Software update may have triggered NYSE trading halt: report")
A computer malfunction that forced the New York Stock Exchange to suspend trading for more than three hours on Wednesday probably stemmed from a software update that went awry, Bloomberg reported, citing two people briefed on a preliminary review.
The New York Stock Exchange, a unit of Intercontinental Exchange Inc, reopened at 3:10 pm EDT (1910 GMT) after being halted shortly after 11:30 am EDT. NYSE said the outage was due to an internal technical issue and not the result of a cyberattack. Other exchanges were trading normally.
The NYSE must now verify the cause and report its conclusions to the US Securities and Exchange Commission, which will use those findings to investigate whether any violation of rules occurred, Bloomberg reported.
A NYSE spokeswoman said the root cause of the trading halt was determined to be a "configuration issue".
"Trading of NYSE-listed stocks continued on NYSE Arca and other US trading venues throughout this process," she said.
Reuters could not immediately reach the SEC for comment outside regular US business hours.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app