The New York Stock Exchange is scrambling to fix a key market

The New York Stock Exchange is scrambling to fix a key market.

NYSE suffered an outage that meant it couldn’t carry out a closing auction for a number of exchange traded funds on Monday, according to people familiar with the matter. 

“The matching engine crapped out in the last few minutes, and the closing auction didn’t get done,” one market participant told Business Insider.

The exchange sent a message to clients at 4.37 p.m. setting out how the closing prices for those symbols that did not complete an auction would be determined.  

 

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