Nasdaq Halts All Trading After Technical Problem

posted 22 Aug 2013, 11:41 by Mpelembe [ updated 22 Aug 2013, 11:42 ]

Trading in all Nasdaq-listed shares are halted following a technical problem.

NEW YORK, NEW YORK, UNITED STATES (AUGUST 22, 2013) (REUTERS) - All trading on Nasdaq, the second-biggest U.S. stock exchange, was halted on Thursday (August 22) shortly after midday due to a technical problem, the exchange said.

All traffic through Nasdaq stopped at 12:14 p.m. (1614 GMT), 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 inNasdaq-listed shares at the request of Nasdaq.

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.

Options trading was also halted, the exchange said.

A Nasdaq spokesman was not immediately available for comment.

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