Interactive Brokers says it lost US$48mil due to NYSE glitch

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on March 4, 2024 in New York City. (Photo by ANGELA WEISS / AFP)

Brokerage firm Interactive Brokers said on Wednesday it had lost $48 million due to a glitch at the New York Stock Exchange earlier this month that triggered massive swings in the price of Berkshire Hathaway's stock.

The brokerage said it had filed claims with the NYSE to compensate it for these losses, but the exchange denied its requests.

Interactive Brokers said it was mulling its options, but does not expect the losses to have a material effect on its finances.- Reuters