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‘Tape’ glitch means it’s not clear where the Dow and S&P closed Monday

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Traders work on the floor at the New York Stock Exchange.

Brendan McDermid | Reuters

A trade organization that oversees the dissemination of trades at the NYSE said Monday’s trade reporting glitch was due to a “network component failure” at the the exchange’s data center in Mahwah, New Jersey.

The Consolidated Tape Association said the system had been replaced and that all systems were operating normally Tuesday.

Still, the trade reporting glitch caused considerable confusion in the last hour of Monday’s session, and cast doubt on whether the prices disseminated for major indexes like the Dow Jones Industrial Average and the S&P 500 were accurate.

What happened? There is a “river” of trades…



Source cnbc.com

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