Thursday 22 August 2013

INQUIRER.net: Tech glitch halts Nasdaq trade for three hours

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Tech glitch halts Nasdaq trade for three hours
Aug 22nd 2013, 23:32

NEW YORK CITY – An unexplained technology glitch on Thursday shut down trade on the Nasdaq for more than three hours, an unprecedented halt on the second-largest US stock exchange.   Nasdaq OMX, the operator of the tech-rich Nasdaq Stock Market, halted trade around 12:15 pm in all "Tape C" securities, which includes options and securities, citing a problem with its system for interfacing with other exchanges on stock quotes.   The suspension came on the heels of other recent problems with electronic trading processes and could lead to tighter regulations on exchanges.   The Nasdaq Composite Index rose one percent in spite of the debacle, but analyst...

Keep on reading: Tech glitch halts Nasdaq trade for three hours

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