NEW YORK, Jan 24 (Reuters) - A glitch at the New York Stock Exchange prevented the opening auctions for a slew of stocks on Tuesday, prompting widespread trading halts, confusion over whether orders were being filled at correct prices, and trades in more than 250 securities being busted.
The NYSE, which is owned by Intercontinental Exchange Inc (ICE.N), said a "system issue" prevented the opening auctions in a subset of its listed securities. The stocks began trading without an opening print, causing erroneous prices that the exchange said will be declared null and void.
The glitch - the most recent in a series since the "flash crash" of 2010 - impacted stocks of major companies including ExxonMobil (XOM.N), 3M (MMM.N), Verizon (VZ.N), McDonald's Corp (MCD.N), Wells Fargo (WFC.N) and WalMart (WMT.N). The companies did not immediately respond to a request for comment.
"What appears to have happened is a technical glitch where all of my opening orders on the NYSE autocancelled even though some of them should have been fulfilled," said Dennis Dick, trader at Triple D Trading.