963. Stock Market "Glitch" Was an Epic Scam | Crypto vs. NYSE

Feb 16, 2023 · 17m 22s
963. Stock Market "Glitch" Was an Epic Scam | Crypto vs. NYSE
Description

According to the New York Stock Exchange, human error is to blame for the glitch that caused wild fluctuations in share prices at the start of trading on the NYSE...

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According to the New York Stock Exchange, human error is to blame for the glitch that caused wild fluctuations in share prices at the start of trading on the NYSE on Tuesday. A NYSE employee who is based out of the exchange’s backup data center in Chicago failed to shut down the disaster-recovery system that is tested every day after the closing bell as part of routine maintenance. Over 80 stocks were experiencing suspiciously usual volatility, but the scammy recovery process is raising even more red flags.
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Author Rever Networks
Organization Rever Networks
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