NYSE to Pay SEC $9 Million Tied to 2023 Market Outage Turmoil

The New York Stock Exchange agreed to pay a $9 million to settle US Securities and Exchange Commission allegations that an internal malfunction led to a botched market open and wild price swings on a single day in January 2023.

“NYSE’s failures caused market-wide impacts, including price-triggered restrictions on trading, market-wide trading pauses in 84 of the securities and ultimately thousands of busted trades,” the SEC said in a cease-and-desist order on Friday.

NYSE, which is owned by Intercontinental Exchange Inc., agreed to pay the penalty without admitting or denying the SEC’s claims.

“NYSE promptly compensated affected market participants ...