"In accordance with our rules, we expect to reimburse members 100% for all impacted orders that were received by the exchange," an NYSE spokesperson said in an emailed statement.
"This is part of the protections that come with trading on a transparent, public exchange."
Bloomberg News , 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.
The bourse will only reimburse roughly 60% of the claims
filed, one of three sources told Bloomberg News.
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 , Bloomberg reported last
week.
(Reporting by Lavanya Ahire and Jyoti Narayan in Bengaluru;
Editing by Nivedita Bhattacharjee)
