Trading glitch shuts down NASDAQ
posted at 1:40 pm on August 22, 2013 by Ed Morrissey
Must have been one hell of a glitch:
Nasdaq halted trading in all securities Thursday until further notice due to a problem affecting quote dissemination.
Dozens of publicly traded companies, including high-profile companies such asApple, Microsoft and Facebook, were showing their shares halted. The Nasdaq status message was time stamped at 12:14:03 ET.
Dow Jones reported at 1:06 pm ET that trading would resume “shortly,” though the exact timing was not clear.
Despite the freeze, Nasdaq that it will not cancel orders. “Nasdaq will not be canceling open orders on the book. Customers who wish to cancel their orders may do so and any customer who wishes to not participate in the re-opening should cancel their orders prior to the resumption of trading,” said a spokesman.
The New York Stock Exchange did cancel orders made on NASDAQ securities. Meanwhile, no one knows for sure what prompted the shutdown, but NASDAQ says it expects to resume shortly.