CBOE Reports Technical Glitch

The Chicago Board Options Exchange, operated by CBOE Holdings (NASDAQ: CBOE  ) and the largest options exchange in the United States, early this morning reported on its website that some quotes were delayed or entirely unavailable for a 13-minute period beginning at 8:00 a.m. EDT.

It also said a "limited number" of orders that were canceled yesterday were executed this morning, and some orders that should have expired remained active. Shares in the exchange operator were down more than 3% at the time of this writing.

The technological mishap follows a glitch that caused a three-hour halt in trading last Thursday on the tech-heavy Nasdaq. Only two days before that, as CNBC reports, Goldman Sachs mistakenly flooded the market with bogus options trades likely to cost the bank tens of millions of dollars.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2611980, ~/Articles/ArticleHandler.aspx, 10/2/2014 1:10:22 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement