<p>The New York Stock Exchange (NYSE) on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted in thousands of trades being nullified.</p>.<p>NYSE members had submitted compensation claims for losses, and the exchange could potentially face additional claims from regulators, New York Stock Exchange-owner Intercontinental Exchange Inc said earlier this month.</p>.<p>"In accordance with our rules, we expect to reimburse members 100 per cent for all impacted orders that were received by the exchange," an NYSE spokesperson said in an emailed statement.</p>.<p>"This is part of the protections that come with trading on a transparent, public exchange."</p>.<p><em>Bloomberg News</em>, which first reported the exchange's move, said the NYSE has notified clients in recent days that it will cover all losses for orders posted or routed to NYSE, while loss-making trades triggered on other venues will not be covered.</p>.<p>The bourse will only reimburse roughly 60 per cent of the claims filed, one of three sources told <em>Bloomberg News.</em></p>.<p>Retail brokerages submitted thousands of claims to NYSE, seeking compensation for the losses incurred due to a trading glitch on Jan. 24, including brokerages like Charles Schwab and Virtu Financial, <em>Bloomberg</em> reported last week.</p>
<p>The New York Stock Exchange (NYSE) on Monday said it plans to reimburse investors who incurred losses due to a trading glitch last month that caused widespread confusion and resulted in thousands of trades being nullified.</p>.<p>NYSE members had submitted compensation claims for losses, and the exchange could potentially face additional claims from regulators, New York Stock Exchange-owner Intercontinental Exchange Inc said earlier this month.</p>.<p>"In accordance with our rules, we expect to reimburse members 100 per cent for all impacted orders that were received by the exchange," an NYSE spokesperson said in an emailed statement.</p>.<p>"This is part of the protections that come with trading on a transparent, public exchange."</p>.<p><em>Bloomberg News</em>, which first reported the exchange's move, said the NYSE has notified clients in recent days that it will cover all losses for orders posted or routed to NYSE, while loss-making trades triggered on other venues will not be covered.</p>.<p>The bourse will only reimburse roughly 60 per cent of the claims filed, one of three sources told <em>Bloomberg News.</em></p>.<p>Retail brokerages submitted thousands of claims to NYSE, seeking compensation for the losses incurred due to a trading glitch on Jan. 24, including brokerages like Charles Schwab and Virtu Financial, <em>Bloomberg</em> reported last week.</p>