http://www.bloomberg.com/news/2010-10-18/nyse-euronext-cancels-trades-of-s-p-500-etf-at-9-6-below-opening-price.html
I'm sure Homeland Security's new cyber security will fix that problem toot sweet.
I bet you can "Bank" on it
Regulators can add a faulty software update at NYSE Euronext’s electronic Arca stock market to the list of mishaps that have weighed on investor confidence.
“Something went wrong. The question is why,” said James Angel, a finance professor at Georgetown University in Washington. “For them to cancel the trades is probably causing heartburn in back offices across the country.”
The glitch in the fund with a market value of more than $80 billion comes as federal regulators are trying to prove U.S. exchanges still work after the May 6 crash that erased $862 billion of share value in 20 minutes
Yesterday’s mispricing “indicates a breakdown in market mechanisms,” Georgetown’s Angel said. “I hope the regulators are looking at it.”
