late

The record trading volume on Oct. 19 overwhelmed many systems. On the NYSE, for example, trade executions were reported more than an hour late, which reportedly caused confusion among traders. Investors did not know whether limit orders had been executed or whether new limits needed to be set (Brady Report 1988, Study III, p. 21).

–Mark Carlson “A Brief History of the 1987 Stock Market Crash with a Discussion of the Federal Reserve Response” Federal Reserve

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