NYSE technical glitch shakes Wall Street, multiple stocks show nearly 100% plunge
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NYSE halted trading due to technical issues causing abnormal stock prices. Berkshire Hathaway Inc. (Class A shares) saw a temporary 99.97% plunge. NYSE has resolved the problem and trading has resumed. This incident highlights the necessity of modern and automated trading systems in a fast settlement environment. Financial institutions should adapt to T+1 settlement rules, with some considering adopting a T+0 operating model. Furthermore, global trading settlement rules are shifting towards T+1, placing higher demands on exchange operations
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