The New York Stock Exchange said it would cancel erroneous trades after a technical glitch led to dozens of trading halts for US-listed companies and exchange traded funds.
Class A shares in Warren Buffett’s Berkshire Hathaway appeared to plunge 99 per cent on Monday morning before a trading pause — which prohibits trading activity in exchange-listed securities at prices outside specified price bands — was initiated.
LSEG data recorded a handful of trades at a price of $185.10 per share, compared with a previous price of $621,484. NYSE said after markets closed on Monday afternoon that all trades at or below $603,718.3 would be cancelled.
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