Nasdaq Trading Halted Due To Computer Glitch

Written By Unknown on Jumat, 23 Agustus 2013 | 16.01

By Sky News US Team, in New York

Trading in the Nasdaq, a major stock exchange dominated by the biggest names in technology, has resumed after a three-hour halt caused by a technical glitch.

The disruption sent brokers scurrying to figure out what went wrong and raised new questions about the pitfalls of computer-driven stock trading.

Other US exchanges were trading normally.

The Nasdaq freeze echoed earlier stock market problems, such as the sudden plunge in stocks in May 2010 that came to be known as the "flash crash" and the glitch-plagued initial public offering of Facebook last year.

The exchange sent out an alert to traders saying that trading was being halted until further notice because of problems with a quote dissemination system.

Nasdaq said it would not be cancelling any open orders, but that customers could cancel orders if they wanted to.

Securities and Exchange Commission spokesman John Nester said: "We are monitoring the situation and are in close contact with the exchanges."


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