Nasdaq Reports 6-Minute Glitch

The Nasdaq OMX Group (NASDAQ: NDAQ  ) says the Nasdaq Stock Market experienced a brief technological issue in morning trading today.

The company issued a press release with details of the incident, which was isolated. Between 11:35 a.m. EDT and 11:41 a.m. EDT, according to the announcement, "the Securities Information Processor (SIP) experienced a brief outage in one of the quote dissemination channels." In particular, the symbols PC through SPZ suffered during the outage, though "trading has not been affected."

The hiccup comes two weeks after Nasdaq experienced far more severe problems with its system that forced the electronic exchange to halt trading entirely for more than three hours. That outage was also blamed on the exchange's price quote disseminating system.

In Washington, Securities and Exchange Commission spokesman John Nester said the agency is in contact with the exchange and monitoring developments, as is its practice in these situations.

In the wake of last month's extended outage, Securities and Exchange Commission Chair Mary Jo White released a statement emphasizing that even though trading resumed before the day's end, the glitch was "nonetheless serious." In the Aug. 22 statement she vowed to "accelerate ongoing efforts to further strengthen our markets." 

-- Material from The Associated Press was used in this report.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2622185, ~/Articles/ArticleHandler.aspx, 8/21/2014 12:59:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement