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NYSE to pay $9m SEC civil money penalty over opening auctions failure

The New York Stock Exchange
Photo: xPACIFICA/Getty Images

Catherine Ollinger

1 min read
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Critical systems failure involved thousands of securities being transitioned into continuous trading without opening auctions having been conducted.

Charges regarding a 2023 opening auctions failure that led to price-triggered trading restrictions, trading pauses, and “thousands of busted trades” have been settled, with the New York Stock Exchange (NYSE) agreeing to pay a $9m civil money penalty.

The SEC issued a cease-and-desist order to the NYSE on March 6, claiming

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