Interactive Brokers, the popular stock trading platform went down which left traders unable to place trades for several hours. Take a look at the article below posted by Annie Massa and Misyrlena Egkolfopoulou from Bloomberg.
Outages at Interactive Brokers, Robinhood Leave Stock Traders Furious
Interactive Brokers Group Inc. apologized to clients in a letter Monday evening, after an outage left some users unable to trade for hours while markets were open.
The brokerage said its issues, which drew fury from customers, stemmed from a “high availability” data system provided by another company, which it didn’t name.
“The system was specifically designed to minimize the likelihood of the kind of technology failure that we experienced and it has performed well to date,” said Chief Executive Officer Milan Galik in the message to customers, a copy of which was obtained by Bloomberg News. “Nonetheless, it did not work as expected today.” Read Full article here.
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