NYSE Plans to Pay in Full Majority of Claims After Glitch; Thousands of claims were made totaling mi

Discussion in 'Wall St. News' started by ETJ, Feb 7, 2023.

  1. ETJ

    ETJ

    Investors burned by last month's malfunction on the New York Stock Exchange can recoup all of their losses, but only if their trades fit certain parameters. The rest may wind up with nothing. The exchange operator told clients in recent days about its plans to cover all losses for orders posted or routed to NYSE, while loss-making trades triggered on other venues will not be covered, according to people with knowledge of the matter. In practice, three firms say NYSE will only reimburse roughly 60% of the claims filed. Others may qualify for more, one person said.
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