Dow Jones no closer to solving mystery of market-data glitch
NEW YORK – A month after the stock market computer malfunction that contributed to billions of dollars' worth of losses, the cause of the error remains a mystery.
The problem began for the market data systems of the Dow Jones Industrial Average (DJIA) on the afternoon of Tuesday February 27, following furious trading that morning and the previous day caused by concerns over the sustainability of Chinese economic growth. In the midst of frenetic trading activity, orders that should have been processed in seconds began taking up to a minute to compute.
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