Computer breakdowns shook American equity markets again today asmalfunctioning software that feeds data between exchanges promptedNasdaq Stock Market to halt trading in thousands of stocks andoptions.
Nasdaq said trading in shares it lists had been stopped amidissues at its Securities Information Processor, the feed thatdisseminates quotes and prices. The second-biggest stock marketoperator in the U.S. halted transactions in what it calls Tape C,which comprises all Nasdaq-listed securities.
Buying and selling in many of the country's most heavily tradedshares, from Apple Inc. to Intel Corp. and Facebook Inc., ground toa virtual halt as brokers were unable to execute customer orders.The Nasdaq 100 equity index stopped moving shortly after noon,according to data compiled by Bloomberg. The Dow Jones IndustrialAverage, which has Microsoft Corp. and Cisco Systems Inc.,continued to update.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
