Reuters: Most Read Articles: Nasdaq halts all trading after technical problem

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Nasdaq halts all trading after technical problem Aug 22nd 2013, 17:50 Tweet Share this Email Print Related News Instant View: Trading halted on NASDAQ 1:50pm EDT Analysis & Opinion Fed liquidity curbs will act as Asia’s detox plan U.S. regulators urge firms to improve business continuity and disaster recovery plans A security guard stands at the entrance to the Nasdaq MarketSite in New York, August 22, 2013. Credit: Reuters/Brendan McDermid NEW YORK | Thu Aug 22, 2013 1:50pm EDT NEW YORK (Reuters) - All trading on Nasdaq, the second-biggest U.S. stock exchange, was halted on Thursday shortly after midday due to a technical problem, the exchange said. All traffic through Nasdaq stopped at 12:14 p.m. EDT, the exchange said on its website, citing a problem distributing stock price quotes. The exchange, which lists about 3,200 companies, said it expects to resume trading later on Thursday. Meanwhile, the New York Stock Exchange's parent, NYSE Euronext, has ceased all trading in Nasdaq-listed shares at the request of Nasdaq. "I can't remember this happening in recent memory," said Christopher Nagy, president of consultancy firm KOR Trading and a former head of trading at TD Ameritrade. The U.S. Securities and Exchange Commission said it was monitoring developments and was in touch with the exchanges on the matter. Thursday's failure at Nasdaq is the latest of a flurry of high-profile glitches to hit U.S. stock market trading. The incidents, including the "flash crash" in 2010, errors related to the Facebook Inc IPO and Knight Capital's disastrous trading blowup last year, have undermined market confidence. Earlier this week, a technical problem at Goldman Sachs resulted in a flood of erroneous orders being sent to U.S. equity options markets. "I would not want to speculate other than to say this is huge. Everything is halted in the market," said Sal Arnuk, co-manager of trading at Themis Trading in Chatham, New Jersey, Options trading was also halted, the exchange said. A Nasdaq spokesman was not immediately available for comment. (This story corrects wording to all-trading from call-trading in third paragraph) (Reporting by Rodrigo Campos; Editing by Nick Zieminski, Andre Grenon and Kenneth Barry) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (2) "Technical Problem" is the nice way of saying: "NASDAQ was hacked, by God knows what Chinese axe-grinders…. our wall street eggs are all in one basket (which we intend to find soon. It was JUST here) and this whole notion of making money off of nothing is the unsustainable scam you thought it was." Good thing for nice ways of saying things. Aug 22, 2013 1:31pm EDT  --  Report as abuse "Due to a technical problem, the exchange said" LMAO! We do not believe anything that comes from these liars. Even the truth will be dissmised from a LIAR. Aug 22, 2013 1:36pm EDT  --  Report as abuse See All Comments » Add Your Comment

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