The New York Stock Exchange (NYSE) suffered a technical problem at the opening of trading on Tuesday that caused more than 80 stocks to be halted for several minutes, creating confusion among traders about which orders were filled and where stocks were trading, and harking back to the 'flash crash' of 2010.
A person exits the New York Stock Exchange ahead of the Federal Reserve announcement in New York City, U.S., December 14, 2022. REUTERS/Andrew Kellyat the opening of trading on Tuesday that caused more than 80 stocks to be halted for several minutes, creating confusion among traders about which orders were filled and where stocks were trading, and harking back to the "flash crash" of 2010.
This led some market participants to voice complaints that increasingly automated trading posed a systemic risk. Others saw such a shocking market tumble as an outlier, and the cost of progress, that just needed additional guardrails in order to avoid a repeat. Nevertheless, it drew comparisons to the October 1987 Wall Street collapse.After the "Black Monday" crash in 1987, the U.S.
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