Software Update Causes TD Ameritrade Trading Hiccup


TD Ameritrade (NYSE:AMTD) said on Friday an issue related to a software update overnight caused problems in trade execution on one of its platforms.

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“Client orders were routing to the street, but we experienced slowness in our messaging from the street and back to clients,” a TD Ameritrade spokesperson said.

The spokesperson said the glitch was resolved around 10 a.m. ET and was not a widespread problem. The company was working with clients who were impacted to resolve any outstanding issues.

The issue at TD Ameritrade comes just days after a technical issue resulting from a software upgrade plagued the New York Stock Exchange, suspending trading there for nearly four hours on Wednesday.

Shares of TD Ameritrade were up 0.94% in recent action.