Interactive Brokers Books $48 Million Loss on NYSE Glitch (2)

Interactive Brokers Group Inc. took a $48 million hit after a New York Stock Exchange trading disruption this month and is considering its options to recover the money, including possible legal action.

The brokerage booked the loss after a June 3 software update impacted trading at the exchange, causing shares of companies including Warren Buffett’s Berkshire Hathaway Inc. to appear to plunge. That prompted its customers to submit buy orders, some of which were filled at much higher prices, Interactive Brokers said in a statement Wednesday.

The Greenwich, Connecticut-based company is “continuing to consider its options with respect to ...