The NYSE (NYX) prevented an erroneous trade worth $17M on Friday, when a programming glitch...

|About: NYSE Euronext (NYX)|By:, SA News Editor

The NYSE (NYX) prevented an erroneous trade worth $17M on Friday, when a programming glitch caused a dealer to put in an order for Monster Worldwide shares rather than the Monster Beverage stock he or  she wanted to buy. The trade, which was spotted by eagle-eyed staff, demonstrates the difference between fully electronic exchanges and Big Board's hybrid model in human monitoring is also used.