NYSE Says Sell Short Restriction Was Triggered Erroneously

Reuters2023-01-25

The New York Stock Exchange said on Wednesday that a sell short restriction was "erroneously" triggered in a set of ticker symbols for companies listed on the exchange on Tuesday that led to a glitch at market open.

The glitch prevented the opening auctions for a slew of stocks, prompting widespread trading halts, confusion over whether orders were being filled at the correct prices and trades in more than 250 securities being busted.

The SSR is a process aimed at limiting short selling. The goal is to prevent short sellers from pushing the shares of a company lower.

The SSR will be deactivated prior to the NYSE opening on Wednesday, the company said.

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Comments

LimBT
2023-01-26
LimBT
Ok
andrew123
2023-01-26
andrew123
Omg
PingPing80
2023-01-25
PingPing80
Wat the.....
LimBT
2023-01-25
LimBT
Ok

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