Nasdaq Halts Trading of Stocks, Options
2013 08 22

By Ben Levisohn | barrons.com

Trading on the Nasdaq (NDAQ) stock exchange has been halted after the exchange announced that it has had technical problems with getting quotes out.

The Nasdaq first reported issues with quote dissemination at 12:09 p.m. today, and then halted trading of all “Tape C” securities–those listed on the Nasdaq–at 12:14 p.m. Options trading was halted at just after 12:20.

As a former trader, I can say there are few things worse than technical issues that leave you unable to trade–and the feeling of helplessness can be overwhelming. It’s one of the few things that actually made me angry, though it was usually caused by my firm, not the market itself. If you have positions open, all you can do is twiddle your thumbs and worry about how much money you’ll lose when the market reopens.

Shares of Nasdaq OMX had been trading up 0.8% at $31.80, when trading was halted and it will be interesting to watch what happens when it reopens. Shares of CME Group (CME) have ticked up 0.1% to $72.38, InterconitentalExchange (ICE) has gained 2.3% to $185.91 and NYSE Euronext (NYX) is up 1.7% to $42.77.

UPDATE: The Nasdaq said that stock trading will reopen at 3:10 p.m. Options trading will resume at 3:25 on the PHLX, and at 3:30 on the Nasdaq Options Market and BX.

Article from: barrons.com



Related Articles


Latest News from our Front Page

6 Million Lies
2014 10 30
“If you do not specify and confront real issues, what you say will surely obscure them. If you do not alarm anyone morally, you yourself remain morally asleep. If you do not embody controversy, what you say will be an acceptance of the drift of the coming hell.” C Wright Mills. I need to share information I have discovered ...
Google’s New Computer With Human-Like Learning Abilities Will Program Itself
2014 10 30
In college, it wasn’t rare to hear a verbal battle regarding artificial intelligence erupt between my friends studying neuroscience and my friends studying computer science. One rather outrageous fellow would mention the possibility of a computer takeover, and off they went. The neuroscience-savvy would awe at the potential of such hybrid technology as the CS majors argued we have nothing to ...
Former Cop Headed to Trial for Raping a Child While Other Officers Watched
2014 10 30
Pharr, TX — Trial is set to begin December 1, in the case of former Pharr police officer Erasmo Mata, Jr., accused of repeated first-degree felony sexual assaults of a child. A federal civil lawsuit filed with Texas Southern District Court back in May accused Mata of assaulting the minor five times, on five separate occasions, all while on duty. ...
It Has Been Decided; Jeb Bush vs Hillary Clinton in ’16
2014 10 28
NY Times: The Bushes, Led by W., Rally to Make Jeb ‘45 ’ As Jeb Bush nears a decision to become the third member of his storied family to seek the presidency, the extended Bush clan and its attendant network are largely rallying behind the prospect and pulling the old machine out of the closet. Rebuttal by The Anti-New York ...
Putin at Valdai - World Order: New Rules or a Game without Rules
2014 10 28
From Youtube: Russian President Vladimir Putin is delivering a speech at the plenary session of Valdai International Discussion Club, a forum involving the world leading experts at foreign and domestic policy.
More News »