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Data Glitch Sets Tech Company Stock Prices At $123.47 (theverge.com)

Posted by msmash on from the oops dept.

For one moment on Monday evening, the prices of several stocks on Nasdaq -- including those of Amazon, Apple, eBay, Google, and Microsoft -- were all priced exactly the same, $123.47. From a report: In a statement obtained by the Financial Times, Nasdaq said the culprit was "improper use of test data" that was picked up by third party financial data providers. The exchange said it was "working with third party vendors to resolve this matter." The issue was replicated across major financial websites, including Bloomberg, Google Finance, and Yahoo Finance, and it's not known when it all started.

5 of 52 comments (clear)

  1. Yeah for HFT! by rsilvergun · · Score: 3, Insightful

    This would be a complete non-issue without it. But I'm guessing tens of millions of dollars of transactions went through in that moment.

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  2. trial run by turkeydance · · Score: 4, Funny

    instead of WannaCry, WannaBuy?

  3. The glitch is obvious... by __aaclcg7560 · · Score: 4, Funny

    It should have been $123.45. But someone got greedy and added two cents.

    1. Re:The glitch is obvious... by anegg · · Score: 5, Funny

      That was the other test engineer - he had to put his $0.02 in.

  4. Re:Missing Parts of the Story by FlyHelicopters · · Score: 3, Informative

    Wrong prices get posted all the time, companies cancel orders for it every day, it is legal...