NYSE Mayhem Traced to a Staffer Who Left a Backup System Running

NYSE Mayhem Traced to a Staffer Who Left a Backup System Running

More than 700 miles from Wall Street, theNew York Stock Exchange’s backup information middle on Cermak Road in Chicago is meant to safeguard US markets, standing by in any respect hours in case catastrophe ever strikes the world’s largest venue for buying and selling shares.

When markets are closed, it participates in a well-worn routine, with NYSE staffers turning on and off methods to guarantee every part works. But heading into Tuesday, an NYSE worker failed to correctly shut down Cermak’s disaster-recovery system — main to a catastrophe.