Disaster Averted in NYSE Stocks as Backup Feed Kicks In
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Securities professionals around the country endured a rough few minutes yesterday as a feed for carrying prices and quotes for thousands of stocks on the oldest American equity exchange misfired.
Traders were startled just before 1:30 p.m. when the New York Stock Exchange reported an “ongoing issue” with its securities information processor, the conduit for data underpinning trades and quotes. Ten minutes later the malfunction was reported resolved as backup systems activated.